Volt looks to Incentives for new SMEs, Digitalisation and Venture Capital
Volt looks to Incentives for new SMEs, Digitalisation and Venture Capital
- Incentives for new SMEs which create jobs and reinvest
- Digitalisation & inspiration from New Zealand Ease of Doing Business system
- Venture Capital for Start-Ups & SMEs
Volt believes that the private sector is not able to utilise its full potential, and believes that unnecessary bureaucratic roadblocks should be eliminated, whilst new doors of financing and operation should be opened. It calls for a re-evaluation of how businesses start and interact with the state.
The party firmly believes that the digital infrastructure should be much more useful for new and existing businesses. It would take inspiration from the New Zealand system which was continuously ranked as the #1 place for doing business (while Malta was last reported to be rank #88).
‘‘SMEs are at some of their most vulnerable stages when they’re starting, thus we will work to provide incentives for those who continue to create jobs and reinvest their profits in their first years’’ - Kassadra Mallia, Volt Vice-President & Candidate.
To further support start-ups and current SMEs, Volt aims to increase the transparency and activity of Venture Capital through facilitating an accredited network of venture capital firms and angel investors who have familiarity with Malta’s and Europe’s Market, the current opaque progress of ‘Venture Capital Malta (VC-MT) launched in 2015.
‘‘When our economy is starting to rebound from the pandemic, we need to ensure that it’s easier than ever, and there are more options than before to be involved in the market. The state can’t be a laggard,’’ added Arnas Lays, Co-President of Volt Malta
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