Malta, the little island in the Mediterranean, shed some light over the weekend on its potential through the StartUp weekend held at SmartCity.
Being the first ever start-up event ever held in Malta, I was not sure what to expect, in terms of both turnout and ideas.
I was pleasantly surprised in the end as the weekend offered the coming together of several individuals that showed a huge amount of both passion and technical ability.
Being a mentor for the weekend, I honestly feel that I have learnt a huge amount from the teams that were present. Some of which being:
Ideas are seeds to value
Everybody has heard of the saying ‘ideas are cheap’. In truth, ideas are what they are, an expression of interest on a particular subject or problem with underlying suggestive motive to influence change or improvement. Though ideas may deliver little value, they are however seeds in our minds that allows us to develop concentrated thoughts on a particular subject. During the initial idea pitches, most of the ideas were cheap in that it offered little value to anything other than highlighting a ‘could-be’ problem and a makeshift solution. That said, once a team was thrown together focused on problem and solution for an entire weekend, both the problem and the solution was defined and structured and therefore become of value. True, an idea is cheap, but so are seeds. Give it enough time and energy and that seed can become something great, even if the seed isn’t perfect in any way.
Energy is contagious
“You are the average of the five people you spend the most time with.” True. Put those five people in a room full of energy and doing great things, and that average will improve multiple times over. Energy and passion is contagious and comparing the difference between the shuffling of feet when entering the startup weekend, to the energy of the room at the end, it was clear that the little community over the weekend worked on developing each others momentum to be better. Truth be told, some of the energy was excitement for the after beers, but then still, you can guess what conversation revolved around at the watering hole.
Malta has huge potential
Last but definitely not least, was the eureka moment by seeing Malta’s potential in a tangible manner. Malta boasts a thriving financial sector, global leaders in the igaming scene, a popular tourist destination, and yet tech is not considered to be a pillar of its economy. The start up weekend taught me that we have the essential pillars to become an ICT hub delivering innovation through start-ups. I knew we had excellent technical people. I knew we had some of the best designers on the island. I knew that we had specialists in key verticals that are essential to solving industry problems. I however did not know we had a community willing to come together and share ideas, take risks, and look at the world as being full of endless possibilities.
Malta certainly has the potential to be great within the tech industry, for both locals wishing to start up a company and take over the world, as well as for foreigners looking to relocate to an up and coming jurisdiction that has a lot of potential in terms of ideas, talent and infrastructure. What about tax reasons? Well, that is just the cherry on the cake.