An Israeli start-up ecosystem builder focused on start-up scouting, financing and acceleration will start operations in Malta in the next months. The investment, which is being supported by Malta Enterprise, aims to further synergise the local start-up ecosystem.
Over the last months, Malta Enterprise has launched a number of incentives for start-ups and an enablement and visibility campaign built around the portal StartinMalta.com. Via this new cooperation, VentureRocket Malta will scout innovative startups and companies both locally and globally, plan their introduction to the Maltese ecosystem, aid them with Malta government grants and support plans, and together with Malta Enterprise, build a specific case by case growth plan for them.
VentureRocket is a part of Titanium Technologies Group that acts as a holistic startup ecosystem management environment collaborating with governments, educational institutions, and innovative organisations. The management team covers over 20 years of experience in leading and managing complex tech projects worldwide, with a strong team of tech and business specialists from Israel, Ukraine, Moldova, and Kazakhstan.
“At VentureRocket, we see great potential in entering the Maltese market. Currently, it includes over 250 tech startups from different industries, and due to Malta’s great strategic location, strong human capital opportunities, and a friendly lifestyle, it creates favourable conditions for startup scouting and finding great investment opportunities in the region,” shared Asaf Yosifov, CEO at VentureRocket.
“We are excited to partner with VentureRocket to bring more opportunities to Malta-based startups and help them realise their full potential by supporting them with ecosystem building services from VentureRocket. We are also confident that Venture Rocket Malta can be a great way for global start-ups to get access and grow in the Maltese and the European Union markets,” added Malta Enterprise CEO Kurt Farrugia.
“This announcement is another milestone in the momentum we have been building over the last months via agreements with local and international partners. These efforts are reaping results, with 73 applications for start-up assistance received between January and June this year compared to 46 applications in the same period last year. Also we are seeing that a good chunk of our incoming FDIs are exciting startups coming from a myriad of fields – from aviation to cybersecurity, from fintech to digital games. Malta as a startup hub is a works in progress,” he continued.
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