ZAAR is Malta’s first crowdfunding project spearheaded by the Foundation for the Promotion of Entrepreneurial Initiatives, which was set up jointly by the Malta Business Bureau and the University of Malta. This initiative is also supported by the Ministry for Economy, Investment & Small Business and the Arts Council Malta.
Aspiring entrepreneurs can finally crowdfund their business ideas through ZAAR – the island’s first designated crowdfunding platform. Crowdfunding allows ideas to take flight by raising small contributions from a large group of people.
ZAAR seeks to address the fact that 30% of local enterprises find it difficult to access the finance they need to develop their products, according to a 2013 study, Access to Finance, by the Malta Business Bureau. Crowdfunding allows ideas to take flight by raising small contributions from a large group of people.