Tech.mt takes on its perspectives published on the Faculty of ICT publication.
In 2 articles – ‘From STEM education to Innovation’ and ‘Tech.mt can get you started’, we highlight how STEM-related subjects can lead students and academia to be resilient in innovation and entrepreneurship. Throughout this journey, Tech.mt is here to get you started and assist you in every step of the way, towards being a pioneer in the ever-growing tech sector.
Entrepreneurs translate innovative ideas into products and services. This development requires critical and creative thinking, problem solving, flexibility, resilience, a growth mindset, and the aptitude to manage risk and uncertainty – characteristics also fundamental to STEM endeavours. If your path is to cultivate your own business, you can do so with being innovative using your knowledge gained from STEM subjects.
in 2019, only 3.9% of the tertiary graduates in Malta, graduated in the field of natural sciences, maths, and statistics
Entrepreneurship stimulates economic and social growth and creates job opportunities. Many of the skills required to successfully launch a new business are the same as those learned in STEM fields: a willingness to experiment, a reliance on logic and evidence and a focus on creative problem-solving.
These transferable skill sets are increasingly essential for students who are entering a world where careers are continuously evolving.
For many STEM-inclined students, bringing their innovative ideas to market is a rewarding path. Becoming an entrepreneur inevitably involves business, marketing, and finance skills, but also STEM skills. Encouraging the understanding of STEM principles is critical for students aiming to build businesses of their own someday. Traits such as curiosity, creativity, and innovation lead to a deeper exploration of entrepreneurship. In fact, these are among the top traits that encourage the younger generation to pursue successful futures.
Official data published by the NSO, shows that in 2019, only 3.9% of the tertiary graduates in Malta, graduated in the field of natural sciences, maths, and statistics. Another 6.0% of graduates were certified within the ICT field. Through such data we observe that an organisations’ main challenge against innovation is the lack of skilled employees.
STEM education fosters the entrepreneurial spirit through a project-based curriculum that focuses on the application of science, technology, engineering, and mathematics studies to address real-world problems. STEM graduates’ benefit from great flexibility within their profession to pursue multiple career paths. They also benefit from a high level of personal and job satisfaction, often because their careers lead them to make positive contributions to society. Moreover, the average starting compensation for STEM-related careers outpaces that in other fields.
Entrepreneurs who start companies under the STEM umbrella have a bright and promising future. The demand for STEM jobs is growing exponentially every year, and students enticed by what a STEM career offers are great candidates to join the entrepreneurial world. A lack of STEM knowledge should not discourage entrepreneurs from pursuing their passion either. These skills are extremely achievable and can be learned by everyone. There is a common misconception that STEM skills can be used only in math and the sciences, but the truth is that they are valuable in any career path, especially entrepreneurship.
Tech.mt was established in 2019 by the Government of Malta and the Malta Chamber of Commerce, Enterprise and Industry in a private-public partnership, with the aim of promoting Malta as a tech centre for innovative technologies. One of our main priorities at Tech.mt remains that to build a strong talent pool and to satisfy demand of the current and future local industry. We offer various initiatives for students and academia to take their ideas to the next level. We invite you to get in touch to learn more about how we can support you in your future endeavours.