Malta should direct serious investment towards R&D, says Opposition Leader Dr Bernard Grech.
“Maltese culture is not inducive of risk. Few people are willing to take risks and this is why a company like eCabs who 10 years ago took a leap of faith and courage, needs to be a role model for tomorrow’s generations,” Opposition Leader Dr Bernard Grech said during a visit to eCabs’ Head Offices in St Julian’s.
“Malta should put R&D at the top of its priorities“
The Opposition Leader praised eCabs for its long-term vision that notwithstanding the challenges, persevered for 10 years with unwavering determination and courage, invested in innovation and technology and become a leader in mobility.
“Malta should put research and development at the top of its priorities and direct serious investment towards this sector because Malta holds a lot of potential and talent that needs to be tapped. Proof of this is the success story that is eCabs – a successful start-up that has grown into an enterprise and is now looking beyond our shores,” said Dr Grech.
“Believing in local talent should not merely stop at applauding start-ups but should translate into tangible actions most notably through the creation of an ecosystem that encourages the flow of venture capital and investment support to move innovative ideas from concept to market,” said eCabs CEO Matthew Bezzina.
Transforming passenger mobility through technology
Bezzina recalled how 10 years ago, eCabs embarked on a journey to radically transform passenger mobility through the application of technology.
“We started small but with big aspirations. We succeeded to make the leap from start-up to enterprise and now making our first steps to take our dream into international waters. The growth-path was far from plain-sailing, within a system that instead of nurturing growth, acted more as a barrier. If Malta wants to be the tech destination it aspires to be, we need to collectively act on empowering start-ups and tech ventures to grow and make the same leap we made,” added Mr Bezzina.
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