German government avails N.dollars 70 million for start-up centre

The Germany government, through its Technical Cooperation Project for Sustainable Development, have availed a grant of N.dollar 70 million to help build the start-up Innovation and Incubation center at Bokamos Entrepreneur Center in Katutura.

The announcement was made on Wednesday by the deputy minister of Higher Education, Training and Innovation Becky Ndjoze-Ojo during the ground breaking ceremony of the start-up Innovation and Incubation center in Katutura.

Ndjoze-Ojo said the construction of the center is expected to start in the next few months and it will open its doors to the public in June 2020, with the purpose of helping start-up businesses through various support programmes, and it will first take in 150 new companies and further 500 start-ups over the duration of four years.

This is an ambitious goal, but I am convinced that if we all join hands and deliver on our pledge to choose the hard path with commitment and dedication, we shall succeed, said Ndjoze-Ojo.

She added that the start-up center will house a co-working space where start-ups can rent affordable office space on favorable conditions and nurture an inclusive community of entrepreneurs that will support and learn from each other.

In addition, a maker-space will offer opportunities to start-ups to build, experiment and prototype with both traditional and new technologies, said Ndjoze-Ojo.

Windhoek Counselor Teckla Uuwanga who spoke on behalf of Mayor Muesee Kazapua said, it should be made a priority to support entrepreneurs to stimulate innovation and inventions that will sustain and impact the economy to prosperity.

The world's economic and social landscape is changing rapidly, requiring action to reform our societies and economies. For this reason, we need to decrease income disparities, we also need to build a society and an economy that provides people with more opportunities, said Uuwanga.

Source: Namibia Press Agency