Today, the University of Malta (UM) and the Malta Co-operative Federation (MCF) have signed an MOU with a view to collaborate in promoting the co-operative model of doing business.
UM and MCF already have a track record of working together in promoting this model among UM students. Through this MOU, both parties are committing to improve on the already established working relationship in order to:
- Promote the co-operative model of enterprise among all UM students
- Explore areas of potential co-operative endeavours
- Set up of new co-operative enterprises
- Offer internship opportunities for UM students in a co-operative setting
- Conduct research on co-operatives and co-operative initiatives
John Mallia, President of MCF said “we thank UM for their receptive approach towards advancing the co-operative model as a sustainable and viable business model. MCF has been active at UM in the past and through this MOU we will ensure that students are equipped with enough knowledge about working together in a co-operative setting, following co-operative principles and creating a fairer distribution of the wealth they generate.”
Prof. Alfred J. Vella, UM Rector said “This opportunity to collaborate with the Malta Co-operative Federation is important for the University as it gives a chance for students to immerse themselves in this form of enterprise. It also provides further opportunities that could lead to innovative ideas and research in this field, ultimately serving the community beyond UM. On behalf of the University, I would like to thank the Malta Co-operative Federation for their commitment in making this possible.”
Both UM and MCF have expressed that this endeavour will bring about positive and tangible results for the benefit of a fairer and more co-operative economy and society.