The 2018 Global Startup Ecosystem Report (GSER) highlights that Malta’s tech startup ecosystem is one to watch in the areas of FinTech, blockchain, gaming, big data and analytics. The report, published by Startup Genome in collaboration with the Global Entrepreneurship Network, was released during the Global Entrepreneurship Congress (GEC) held in Istanbul.
The Malta Communications Authority (MCA) partnered with Startup Genome to make this research exercise in Malta possible. In late 2017, the MCA reached out to the growing startup community to capture insights from startup founders, talent and stakeholder representatives based in Malta.
The global report features strategic startup, investment and policy insights from over 10,000 founders in 45 ecosystems - including Malta’s performance. The report notes that, in the context of Brexit, Malta is well positioned as a relocation destination for UK startups and companies searching for stability and a suitable point of entry into the EU market.
Furthermore, Malta is described as a dynamic hub that can attract early-stage startups who want to work in a location that combines good weather, low operating costs and increasing government support.
The 2018 report scrutinises key sub-sectors such as advanced manufacturing and robotics, AgTech, artificial intelligence, big data and analytics, life sciences and cybersecurity, as well as new technologies in education, health, advertising and finance. The report then highlights which ecosystems are considered as being global leaders for each sub-sector.
Dr Edward Woods, Chairman at MCA, welcomed the findings, describing them as further evidence of Malta’s relevance in the global scene for communications technology and digital innovation. He also thanked all contributors who are always enthusiastic in contributing to such initiatives by the MCA.
The GSER 2018 report can be downloaded from www.startupgenome.com/report2018.