The Malta Business Bureau and the University of Malta have joined forces to set up the Foundation for the Promotion of Entrepreneurial Initiatives (FPEI). The first initiative was to launch ZAAR.com.mt, Malta’s local crowdfunding platform, in order to help entrepreneurs and individuals source funding for their ideas. In the first months of activity, ZAAR had over 20 projects, with a success rate of around 50%. This is very promising and is higher than the success rate recorded by other major crowdfunding platforms. The successful projects so far include, cultural initiatives and businesses, social causes and research projects. The aim now is to continue promoting the concept of crowdfunding in Malta and to expand the diverse portfolio of successfully funded projects, thereby establishing crowdfunding as an effective alternative source of finance.
ZAAR is currently looking for interested individuals and companies to participate in this initiative through various forms of collaboration from mentorship and pro-bono support for campaigns to providing financial or in-kind assistance to specific campaigns. ZAAR is ready to work with you in order to source projects which fit into your social responsibility programme as well as identifying those projects that can add value to your industry. (Please click here for more information)
We kindly ask you to get in touch with ZAAR Crowdfunding Platform Manager – Matthew Caruana on firstname.lastname@example.org or call +356 23403982 to set up a meeting at your convenience, where you will be provided with further information and be able to discuss the best forms of collaboration.