3.10 Promotion of entrepreneurship culture
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For the past eight years, Malta Enterprise has been organising the Malta SME Week. Its aim is to promote entrepreneurship so that more people, in particular young people, seriously consider becoming entrepreneurs. Malta SME Week also provides insight on what is offered to support start-ups and micro, small and medium-sized businesses. Each year, one specific activity focuses on youth entrepreneurship. These activities have either been carried out through simulation exercises, workshops, discussions and business pitching by young people themselves or through conferences involving tertiary education students.
The University of Malta’s Centre for Entrepreneurship & Business Incubation (CEBI) has been set up to put knowledge intensive entrepreneurship at the top of the University of Malta’s outreach agenda. Its aims are to promote the development of a knowledge-intensive, entrepreneurial culture in Malta, with the wider aim of fostering the socio-economic development of the Maltese Islands. The Centre is currently targeting knowledge intensive sectors such as science, technology, engineering and creative media at the University of Malta and in the wider Maltese context.
The National Enterprise Support Awards, which are organised by the Commerce Department and the Enterprise Policy Directorate and Schemes within the Ministry for the Economy, Investment and Small Business, are intended to foster awareness of the importance of entrepreneurship. One of the award categories concerns ‘Responsible and Inclusive Entrepreneurship’ to recognise initiatives to promote entrepreneurship among under-represented or disadvantaged groups including people with disabilities, the unemployed, migrants and people from ethnic minority backgrounds.
A number of organisations are active in promoting youth entrepreneurship, including JA-YE Malta, Junior Chamber International Malta, Young Business Entrepreneurs and Young Entrepreneurs and Leaders. JCI promotes business and entrepreneurship among its members through networking events, training and competitions. Young Business Entrepreneurs, which targets young, aspiring entrepreneurs by working on five strategic priorities, namely scientific research, education, entrepreneurial programmes, policymaking and raising awareness about entrepreneurship with young people and Maltese society. Young Entrepreneurs and Leaders aims at encouraging youths to enhance their entrepreneurship and leadership skills.
There are also a large number of initiatives and organisations that promote an entrepreneurial culture in Malta. For example, there are a number of radio programmes, including the ‘Fi Kliem Iehor’ programme on the national Radio Malta - the Maltese National Radio Station and ‘Entrepreneur Clinic’, which aired in 2016 on Campus FM, the local radio station broadcasting from the University of Malta. The Malta Chamber of Commerce and Industry also actively promotes entrepreneurship.
Activities organised during the Malta SME Week have provided the space to young people to consider entrepreneurship as a career option and allow them to meet and network with Maltese entrepreneurs who can share their stories and best practices.
Global Entrepreneurship Week, which is held in November. The Edward de Bono Institute collaborates with various partner organisations to put together programmes of activities to celebrate Global Entrepreneurship Week (GEW). This initiative, which takes place in 160 countries around the world, is designed to connect aspiring and inspiring entrepreneurs, helping them embrace originality, imagination and ingenuity through local and global activities.
Global Entrepreneurship Week also has activities for youth including the Budding Rockstars Conference. This entrepreneurship and innovation conference was targeted at Malta’s brightest young minds. It used panel discussions, presentations and group activities to promote entrepreneurship and to get young people to work together and with experienced entrepreneur. This helps them develop their networks. This conference was organised by The Malta Communications Authority (MCA) in collaboration with other entities.
Takeoff’s incubation programme focuses on exposing and connecting entrepreneurs and start-ups to an expanding community of mentors who have a desire to share their business and technology development experience, knowledge and networks. Experienced innovators, serial-entrepreneurs, domain experts, professional advisers help Takeoff entrepreneurs get on the right path and succeed.