Island nation betting on biotech
Valletta – A new Life Sciences Park is to be created on the outskirts of Malta’s capital Valletta. The EUR20m project will provide space for companies operating in biotechnology and medical sciences. The park will be located in the immediate vicinity of the Mater Dei Hospital and the University of Malta to foster close ties between start-ups and the two academic entities. Facilities at the park will include labs, offices and conference rooms over an area of 10,000m2, while a further 3,500m2 will be used for incubation facilities. “We are working on the infrastructure that will enable the country to move towards a knowledge-based economy,” said Alan Camilleri, the executive chairman of Malta Enterprise, which is involved in the project.