GO Launches €2 million Tech Startup Fund in Malta
The fund will focus on the fields of artificial intelligence, big data and analytics among others
A name synonymous with telecommunications and IT, GO has launched its very own €2 million tech startup fund.
First announced last October, GO Ventures will allow emerging entrepeneurs to access funds, co-working spaces, telecom and cloud services, and access to markets and networks.
Go also hope that the project will help foster a Maltese ecosystem of investment in innovation.
The fund will mostly focus on startups in the fields of artificial intelligence, big data and analytics, internet of things, cybersecurity, blockchain, fintech and related areas.
Speaking at the fund’s launch in Valletta, GO CEO Nikhil Patel said that the importance of working with dynamic entrepreneurs was crucial in driving innovation.
Initial investments are expected to be made during the course of 2019.
“We are pleasantly surprised with the feedback we have received so far. It is encouraging indeed and confirms that there is a huge demand for this project,” Stefan Briffa, the man leading the project, said.
Parliamentary Secretary for Innovation Silvio Schembri praised the initiative that will “serve as a springboard for start-up companies that are still identifying ways to implement their digital projects related to new emergent technologies.”