FinanceMalta awarded Silver Label of Cluster Management Excellence

FinanceMalta is very pleased to announce that we have been awarded the Silver Label of Cluster Management Excellence by the European Secretariat for Cluster Analysis (ESCA).

The overall assessment stated that "FinanceMalta was established in 2007 as a public-private partnership to promote Malta as an international financial centre. Both the Bronze Label audit of October 2014 and the Silver Label audit of December 2015 demonstrate that FinanceMalta is a well-managed professional cluster organisation with a committed team."

Silver Label of Cluster Management Excellence 

The quality labelling system consists of three levels – Bronze, Silver and Gold. While the Bronze label is not a quality label in the narrow sense, it just demonstrates that a cluster management is interested in improving its management performance, the Gold label is a quality label based on very high standards of cluster management practice. Cluster management organisations that do not meet the Gold standards yet, but are interested in demonstrating both to their cluster and potential partners that they are on the path towards cluster management excellence can subject themselves to a Silver label audit.

The Silver Label of the European Cluster Excellence Initiative is a quality label in its own right. The Silver Label quality confirms the successful implementation of improvement processes that were initiated following a Bronze label benchmarking. Organisations that are able to demonstrate improvements in the course of an audit conducted by an assessor of the European Cluster Excellence Initiative will be awarded with the Silver Label.