“Our country will continue to give incentives that are giving results that lead to the creation of innovative start-ups that offer quality careers particularly for young people and families with a healthy income”.
This was the main message of Prime Minister Robert Abela during a visit to the offices of the Maltese companies Scope Solutions Malta and Dedaub, which work from inside the Malta Life Sciences Park in San Ġwann and which began as start-ups.
Scope Solutions works in the field of financial services and Dedaub in Blockchain. The Prime Minister met with a number of workers while he also spoke with the management of the two companies where he was given an explanation of the work they carry out.
While the Prime Minister Robert Abela accompanied by the Minister for the Economy, Enterprise and Strategic Projects Silvio Schembri was given details about the journey that led to the creation of these companies and the realities they faced as they based themselves in their respective fields, he was also informed that both companies are planning to expand and grow their operations overseas. “The experiences of different start-ups and eventually scale-ups show that the investment being made with support schemes from Malta Enterprise are important for more young people to explore the ambitious ideas that lead to the creation of innovative companies that give opportunities and careers to even other young people”, said Prime Minister Robert Abela as he stressed on the direction given by the Government for growth in favor of quality and not quantity in areas that can strengthen the added value of the Maltese economy. Here he also praised the sense of entrepreneurship of the two Maltese companies that were determined to create an innovative operation and today gave quality careers to other workers.
Scope Solutions provides its services for companies in various sectors including accounting, gaming, technical services, professional services, medicine and many others. This is by providing daily operation services for companies including accounting software, payroll, workforce management, and e-commerce. These services are also designed according to the needs of companies through cloud software. This makes it possible for services to be accessed from the internet and thus increases flexibility and accessibility. This company is not only based in Malta but also in the United Arab Emirates.
Apart from that, the management of Scope Solutions decided to expand in Cyprus and today it employs more than 40 people. This company also benefited from assistance through Malta Enterprise schemes, primarily the Micro Invest scheme, Strengthening Market Entry and Investment Aid Tax Credits.
The Dedaub company on the other hand bases its work in the Blockchain field, given work contracts to evaluate projects made on the blockchain better known as smart contracts. In their evaluation, among others, an audit process is carried out in order to ensure the security of these contracts. Apart from that, Dedaub has also created a number of products and services that help increase security in these types of smart contracts. The company employs more than 25 people and is expected to expand its operations also in Athens.
Minister Silvio Schembri noted how companies and start-ups will have the opportunity to exhibit their work during the Start-up-Festival and Techxpo that will be organized by the Ministry between the 17th and the 19th next October at MFCC Ta’ Qali. He said that even with practical work-shops for the founders of start-ups, there will be opportunities for the innovative ideas on paper to become reality with meetings even with investors.
