On Saturday 6th May Intact was named Start Up of the year at the Junior Achievement Young Enterprise Malta Foundation Start Up Programme Finals held at the Hilton Malta in St. Julian’s. Intact is a young team of 5, first-year students attending St Martin’s Institute for higher Education who came together and developed the concept for an early warning safety device for motorcyclists.
On Saturday 6th May 2017, JAYE Malta concluded its Start Up Programme offering tertiary education students the opportunity to create, develop and pitch an investment proposal for their very own Start Up Company. From the twelve teams that commenced this entrepreneurial journey in October 2016, six reached the final phase of a programme that involved a number of gruelling assessment stages towards developing an ‘investment-ready’ business concept. The stages included idea generation, concept validation, prototyping and pitching, all leading up to the coveted prize of JAYE Start Up Programme Malta title holder and €2,000 in seed capital sponsored by the Malta Communications Authority.
In front of guests and relatives, each team presented their product proposal and recounted their JAYE Start Up Programme experience before the 2017 roll of honours were announced. These were:
– JAYE Malta Start Up Winners: Intact
– Best Business Potential Award supported by the Malta Chamber of Commerce, Enterprise and Industry: Verne
– Best Social Enterprise supported by Agenzija Zghazagh: GikPoint
Mr Daniel Robinson Head of Retail Banking and Wealth Management at HSBC Bank Malta, main commercial sponsor of the organisation, highlighting the need for increased participation by youth in entrepreneurship programmes that offer hands-on experiential opportunities to generate, develop and build new entrepreneurial talent. With the opportunity given to students registered in tertiary educational programmes, youth in Malta and Gozo are given the ideal platform to explore their business acumen and transform their dreams into reality.
Through the Start Up Programme, JAYE Malta hopes to further encourage youth to take the plunge into becoming entrepreneurs. The association of the organisation with some of Malta’s leading businesses and entities such as HSBC, PwC, ICAEW, TAKEOFF, CIM, the Malta Chamber of Commerce, Enterprise and Industry, Aġenzija Żgħażagħ and the MCA lends not only much needed financial support to deliver the programme, but also invaluable expertise and industry specific know-how to the participants as they prepare to take on the world of work and employment. These were messages that resonated in the address of Mr Stefan Bonello, Partner at PwC Malta, and Head of the Independent Panel of Judges, as well as, Mr Johann Caruana, Head Incentives Administration at Malta Enterprise.
Learning by doing is the main focus of all JAYE Malta programmes and the guiding principle for participants’ involvement in the Organisation’s programmes which provide the practical experiences required to further enable their career development.
For further information about the programme please visit the website: www.jayemalta.org