Malta Enterprise and the Malta College of Arts Science and Technology (MCAST) have signed a Memorandum of Understanding intended to provide students with easier access to the entrepreneurial world and provide an eco-safe framework for innovative ideas to thrive. This framework will help students with innovative ideas to start and develop a successful business.
As part of the agreement, Malta Enterprise intends to assign a number of units at the Kordin Business Incubation Centre (KBIC) to MCAST. These units will be made available for selected MCAST final year students who individually or in groups will embark on projects with potential for commercialization.
The parties agreed to set-up a Projects Board that will be formed primarily to evaluate business proposals put forward by MCAST students. This board will be composed of MCAST officials and one Malta Enterprise representative.
Malta Enterprise chairman Dr Mario Vella said that Malta Enterprise is committed towards creating a culture of enterprise in the country. Whilst thanking MCAST for its collaboration on this initiative, Dr Vella announced there are other important projects being developed with MCAST with the aim of helping students to maximize on their learning experience by working closer to industry.
MCAST chairman Dr Silvio De Bono said the College is extremely proud of associating itself with Malta Enterprise once again, this time through close collaboration that will see MCAST students provided with space within KBIC - an ideal place for MCAST students to nurture, grow and launch their business ideas.