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Strategic Partnership for Tech Start-ups and Academia


Tech.mt has partnered with industry leaders to offer assistance to start-ups and/or students which have an innovative concept but don’t have the knowledge or the experience to move their concept forward.
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At Tech.mt we understand that start-ups and small businesses need as much assistance as possible to take their business to the next level – whether it’s at concept validation, product development, launching on the market or reaching clients. Given the challenging conditions that start-ups or small businesses face, investing in consultancy or high-end expertise is an expense that only few may afford.

The main purpose of this initiative is to assist start-ups and/or students which have an innovative concept but don’t have the knowledge or the experience to move their concept forward. This initiative will ultimately provide local tech start-ups with pro-bono, unbiased feedback from an external perspective, management advice, strategic planning and marketing tactics.

Through an expression of interest issued in November 2020, Tech.mt was approached by several businesses who offered their consultancy services in various areas. These companies will be responsible for offering a predetermined number of hours of free consultancy to eligible beneficiaries, providing their expertise in but not limited to validating a digital concept, consultancy on emerging technology, market assessment and go-to-market strategies, digital strategies, e-commerce and digital marketing, and internationalisation.

This initiative is open to Maltese tech start-ups/ students with innovative business concepts. In order to be eligible as a start-up, the following criteria must be met: the company/ individual must be based in Malta; must have been established for less than 5 years; is unlisted on the Malta Stock Exchange; must not have taken over the activity of another enterprise and not been formed through a merger.

The full list of partnering companies is available below.

Partners

Ascent:
8 Hours Consultation
BCA Solutions:
10 Hours Consultation
BITS Limited:
15 Hours Consultation
BMIT Technologies plc:
3 Hours Consultation
Cosultation Hours:
5 Hours
Deloitte Digital:
5 Hours Consultation
Digital Health Malta:
15 Hours Consultation
GO Ventures:
10 Hours Consultation
GTG Advocates:
5 Hours Consultation
Ixaris:
10 Hours Consultation
Know Your Social:
10 Hours Consultation
Majsi:
15 Hours Consultation
Marketing Advisory Services:
10 Hours Consultation
Michael Kyprianou Fintech Partners Ltd:
3 Hours Consultation
PWC:
15 Hours Consultation
Redorange Image Consultants Ltd:
10 Hours Consultation
Rocksteady Digital Agency Ltd:
10 Hours Consultation
S.S. Netshop Internet Services Ltd:
15 Hours Consultation
Seed Business Advisors Ltd:
15 Hours Consultation

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Terms & Conditions

Applicability

No derogation from these terms and conditions is permitted unless this has been agreed in writing.
By taking part in this initiative, the start-up will have accepted and will be bound to abide to all terms and conditions stipulated hereunder.

Eligibility

This initiative is open to Maltese tech start-ups. In order to be eligible as a start-up, the following criteria must be met:
• The company is based in Malta.
• The company must have been established for less than 5 years.
• The company in unlisted on the Malta Stock Exchange.
• The company must not have taken over the activity of another enterprise and not been formed through a merger.

Advertisement

At the request of Tech.mt, the beneficiary shall supply its details (logo, name, marketing material, etc.) in good time and in the manner agreed in advance. Such particulars may be published on Tech.mt’s website and social media channels.
Prior consultation between the start-up and Tech.mt will always be held about the special manner of presenting the business name, product name or brand name or the advertisement.

Defined Contribution

Tech.mt’s Partners will be responsible for offering a predetermined number of hours (not exceeding 15 hours) of free consultancy to eligible beneficiaries, providing their expertise in but not limited to validating a digital concept, consultancy on emerging technology, market assessment and go-to-market strategies, digital strategies, e-commerce and digital marketing, and internationalisation.

It is at the sole discretion of Tech.mt to assign an eligible start-up to one of its Partners and to allocate a number of hours, according to exigencies. The partnering procedure cannot be dictated by the start-up.
The number of hours of free consultation between the Partner and start-up shall be communicated to the start-up prior to commencement of the consultation term.

Exclusivity

The start-up is not entitled to exclusivity as regards to the initiative. Tech.mt will be entitled to allow direct competitors of the start-up to form part of this initiative.

Mutual obligations

Both parties shall refrain from acts, such as public performances in any context whatsoever, which could harm or prejudice the reputation of the other party and/or the interests served by its communications.

Term and termination

Unless agreed otherwise, the free consultation term between the start-up and allocated Partner will end once the agreed number of hours have been fulfilled.
Either party will be entitled at all times to terminate the consultation period early, with immediate effect, if:
• The intended objectives of the consultation initiative become completely unattainable
• Its reputation is in danger of being seriously harmed by the acts or omissions of the other party
• The other party becomes involved in a business takeover or merger as a result of which it ceases To be competent to act independently
• There has been a fundamental breach by the start-up of an obligation resulting from the initiative.
This initiative shall be subject to the laws of Malta, without regard to choice or conflicts of law principles.

Disputes

Any dispute arising out of the interpretation, application or implementation of any of the provisions of the Partnership Agreement shall be settled amicably through consultation or negotiation between the parties.

Final Provisions

The start-up may not assign the rights resulting from this initiative wholly or partly to third parties, without the express written consent of Tech.mt.
Tech.mt is acting solely as an intermediary between the Partner and the beneficiary and thereby bears no legal liability.

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