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PKF Malta hosting Blueprint for Innovation Session at the Microsoft Innovation Centre

03 Jul 2017

​Luqa, July 2017: PKF Malta broke new ground with Blueprint for Innovation Session - bringing together a think tank of professionals representing a cross section of the market ranging from start-up success stories to crowdfunding, block chain bitcoin and delivering two keynote speakers straight out of Boston and Silicon Valley.

As a part of its corporate social responsibility, PKF Malta is keen to act as interlocutor to help promote Malta in the field of scientific research and for this purpose through the intervention and assistance of its correspondents in Boston (USA) it started exploratory talks with the head of international relations at Cambridge Innovation Centre (CIC) in Boston (USA) to evaluate the possibility of introducing Malta as a potential ICT and/or Life Sciences hub for inventors and entrepreneurs.

The session was inaugurated by Honourable Silvio Schembri, Parliamentary Secretary for Digital Economy, Financial Services and Innovation and by the Executive Chairman of MCST, Dr Jeffrey Pullicino Orlando. In their speeches they both emphasised that Innovation is key to create the best conditions for individuals, businesses, public sector and civil society to be better and do better.

Via a personalised video message, Mr Xavi Munoz Bellvehi – Partner of ECIJA and Co-Founder of Electronic Stars gave an in-depth introduction about the various innovation ecosystems in the world. ECIJA is a Spanish law firm who specialise in start-ups and innovation companies. On the other hand Electronic Stars is an online skill gaming company which has been operating in Malta for the last 3 years.

An interactive dialogue was kicked off with a Q&A panel which included Dr Leonard Bonello an expert from Ganado Advocates, Joe Woods a qualified IT entrepreneur in CreoLabs, Matthew Caruana from Zaar Crowd funding, Johan Zammit from Netrefer and Patrick and Beata Young discussing female participation in the workforce. The panel was moderated by Dr Marilyn Formosa from PKF. During this panel innovation was tackled as a general theme across all major Maltese industries as opposed to a sectoral approach.

After a short networking coffee break, the most awaited Speaker Stas Gayshan addressed the floor. During his keynote speech he mentioned various salient points relating to the roadmap that Malta needs to plan in order to improve its success in attracting new FDI while realising that existing pillars of the economy may succumb to external forces in the short to medium term. He pointed out the essential ingredients to success include efficacious physical and social infrastructure together with that magical network that bonds the nodes which in Silicon Valley jargon is referred to as the ecosystem. 

Afterwards, Ing Joseph Sammut, Malta Life Sciences Park CEO, gave a holistic picture of where Malta's innovations ecosystem stands. The last and final key note speaker was Gor Sargsyan the President of Qbitlogic International, Atlanta (USA). This is a US based company managed by Gor who is currently based in Palo Alto California which is the forerunner of Silicon Valley innovation feats. One cannot ignore the immense contribution that researchers based in Silicon Valley have made towards cutting-edge technology since we find many multinational companies that opened their base.

A stand-up lunch and networking reception followed, leading up to closure of the session.

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