Navigating the Maltese startup ecosystem: An interview with Jacob Appel - Founder and CEO of Binderr
Summary
Prior to venturing into his own startup, among other jobs, Jacob served as a Partner at Bolt, a renowned platform connecting users with cars, motorcycles, scooters, e-bikes, and food delivery services. Local banks may present challenges in terms of providing startup funding, emphasizing the importance of seeking alternative sources such as international investors or crowdfunding platforms. However, despite these efforts, Malta still lacks a comprehensive ecosystem that encompasses individuals with experience in high-growth ventures, those who have successfully participated in building unicorns, and those who possess a deep understanding of the associated challenges. Having been involved in business ventures in this region for many years, we’ve recognised the abundant opportunities available in Malta, as well as in North Africa, Cyprus, Greece, and Italy. The growth potential in this region is significant, and based on my experiences building companies in North Africa, Cyprus, Greece, and other areas, I would undoubtedly select Malta as the ideal location to launch a business.