Malta Government VC approves Quinas investment
Malta Government Venture Capital (MGVC) has approved investment under its co-investment framework to support the growth of Quinas Technology, a semiconductor company developing next‐generation compound semiconductor-based memory technologies for AI, data centres, edge computing and advanced digital systems.
The support forms part of Malta’s strategy to attract high‐value, knowledge‐intensive technology companies and to strengthen the country’s position in advanced semiconductor research, intellectual property development, and commercialisation, supporting the company’s progression towards commercial deployment. The funding is contingent on match financing and will support Quinas Technology’s expansion activities linked to Malta.
Quinas Technology is the commercial spin‐out of more than a decade of research originating at Lancaster University in the United Kingdom. The company is developing ULTRARAM, a novel ultra-low power non‐volatile memory technology that combines the speed and endurance of DRAM with the persistence of flash memory, addressing critical bottlenecks in AI and edge‐compute systems.
The company is currently preparing its seed funding round and is establishing a Maltese presence as part of a broader international growth strategy spanning the UK, Europe, and Asia. Malta will play a role in corporate structuring, strategic operations, and future commercial activity.
James Ashforth‐Pook, co‐founder and CEO of Quinas Technology, commented: “We are delighted to receive this commitment from Malta Government Venture Capital. It reflects Malta’s ambition to support deep-tech companies at the forefront of semiconductor innovation and provides an important foundation as we continue to scale ULTRARAM towards commercial deployment.”
A spokesperson for Malta Government Venture Capital added: “Semiconductors are a foundational technology for economic resilience and national competitiveness. Quinas Technology represents the type of high‐value, IP‐driven company that aligns with Malta’s long‐term vision to attract advanced technology investment and talent.”
