Xjenza Malta, Malta Enterprise sign MoU
Xjenza Malta (XM) and Malta Enterprise (ME) have recently signed a memorandum of understanding (MoU) to strengthen collaboration and support economic development through enhanced research, development and innovation initiatives.
The MoU sets up a framework for cooperation between the two government agencies to align funding schemes, ensuring seamless support for research projects from initial development through to commercialisation. The MoU aims to ease the commercialisation of locally developed research by providing business planning, intellectual property support and access to market opportunities.
The agreement also promotes the sharing of technical resources between the two organisations to improve the evaluation of research proposals, and support the development and commercialisation of intellectual property.
Additionally, the partnership will focus on analysing the local research ecosystem to better align efforts with national strategies and to attract investment in research and innovation. Outreach and marketing efforts will be jointly coordinated to raise awareness of funding opportunities and strengthen Malta’s position as a hub for innovation.
The MoU also includes provisions to check and evaluate the progress and impact of the collaboration, as well as to streamline data sharing and administrative processes to improve efficiency.
Silvio Scerri, CEO of Xjenza Malta, said: “This partnership is a vital step towards building a more cohesive and efficient innovation ecosystem in Malta, enabling researchers and businesses to bring ideas to market faster and with greater support.”
George Gregory, CEO of Malta Enterprise, said that by joining forces, “we can accelerate innovation, unlock new opportunities for local talent, and reinforce Malta’s position as a thriving hub for research and enterprise.”
Both parties have agreed to collaborate openly and keep regular communication, including monthly updates and annual meetings to review progress and coordinate activities.
The agreement entered into force with immediate effect and will remain in force for two years, with the possibility to renew it by mutual consent.