As part of a Ideas from Europe and Malta’s Presidency of the Council of Europe, we were mandated by the Government of Malta to identify Maltese innovators with solutions to global challenges – businesses that were purposeful and profitable.

The challenge was two-fold:

  • Predominant perception that a business’s sole purpose is that of making money, with charity being the vehicle for doing good
  • Malta only has a population of 400,000 people, so a limited pool of potential innovators that would meet the criteria

Hence, in addition to the search, we needed to:

  • Create an outreach programme to educate stakeholders on what we mean by purposeful and profitable companies
  • Engage and encourage innovators, businesses and researchers to participate
  • Develop a mentoring networking to work with innovators that need guidance and support
  • Galvanise support from the investor and business community
  • Tap into the Maltese communities abroad to extend the search to innovators amongst the Maltese Diaspora
  • Use the opportunity to strengthen the innovation and entrepreneurial ecosystem

Execution:

  • Mapped out the key players in the entrepreneurial ecosystem and included them in the process
  • Held one-to-one meetings with key members of the business community who saw the value and lent their support
  • Held information sessions on campus, startup events and business parks
  • Publicised the search through interviews with the press, social media and communiques to Maltese Consulates and Embassies
  • Targeted a variety of companies ranging from well-established institutions to startups to:
    • Further explain the criteria
    • Explore ideas they have in development
    • Determine their fit
    • Encourage them to submit a formal proposal
  • Developed a search specific site to capture submissions
  • Curated a panel of judges to review submissions and determine best ideas to present in person
  • Organised an event with a curated guest list
  • Held practice sessions with shortlisted innovators to prepare for the event

Key outcomes:

  • The winner will represent Malta in the semi-finals to be held in Estonia in November
  • Connected innovators with related ideas to converge their thoughts and explore ways of collaborating
  • AMANI has adopted one of the teams, providing them access to international markets

As part of a Ideas from Europe and Malta’s Presidency of the Council of Europe, we were mandated by the Government of Malta to identify Maltese innovators with solutions to global challenges – businesses that were purposeful and profitable.

The challenge was two-fold:

  • Predominant perception that a business’s sole purpose is that of making money, with charity being the vehicle for doing good
  • Malta only has a population of 400,000 people, so a limited pool of potential innovators that would meet the criteria

Hence, in addition to the search, we needed to:

  • Create an outreach programme to educate stakeholders on what we mean by purposeful and profitable companies
  • Engage and encourage innovators, businesses and researchers to participate
  • Develop a mentoring networking to work with innovators that need guidance and support
  • Galvanise support from the investor and business community
  • Tap into the Maltese communities abroad to extend the search to innovators amongst the Maltese Diaspora
  • Use the opportunity to strengthen the innovation and entrepreneurial ecosystem

Execution:

  • Mapped out the key players in the entrepreneurial ecosystem and included them in the process
  • Held one-to-one meetings with key members of the business community who saw the value and lent their support
  • Held information sessions on campus, startup events and business parks
  • Publicised the search through interviews with the press, social media and communiques to Maltese Consulates and Embassies
  • Targeted a variety of companies ranging from well-established institutions to startups to:
    • Further explain the criteria
    • Explore ideas they have in development
    • Determine their fit
    • Encourage them to submit a formal proposal
  • Developed a search specific site to capture submissions
  • Curated a panel of judges to review submissions and determine best ideas to present in person
  • Organised an event with a curated guest list
  • Held practice sessions with shortlisted innovators to prepare for the event

Key outcomes:

  • The winner will represent Malta in the semi-finals to be held in Estonia in November
  • Connected innovators with related ideas to converge their thoughts and explore ways of collaborating
  • AMANI has adopted one of the teams, providing them access to international markets

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