Addis Ababa, March 22, 2024(Addis Walta) Today, the biggest incubation center in the ICT Park, Innobiz-K Ethiopia, was inaugurated to create jobs and foster ICT-oriented entrepreneurship.
It is an ICT based innovation center jointly managed by the Ministry of Innovation and Technology and KOICA, which incubates innovators and entrepreneurs to develop their innovative ideas.
During the inauguration, Baysa Bedada, the State Minister of Innovation and Technology, expressed that the initiative of the incubation center demonstrates the country’s unwavering commitment to innovation and technology. Ethiopia recognizes the critical role of science, technology, and innovation as a catalyst for long-term development, to cultivate a flourishing ecosystem that fosters research, entrepreneurship, and technological advancements.
Baysa affirmed that Ethiopia seeks to build resilient institutions by integrating science, technology, and innovation into its national agenda. The country is also determined to advance the green economy and foster an inclusive society ensuring that every citizen has equitable access to opportunities for growth and prosperity.
Baysa noted that innovation centers are pivotal in driving economic growth and prosperity, serving as vibrant hubs for creativity, collaboration, and technological advancement. In a rapidly changing world, Ethiopia is committed to unlocking the nation’s potential by empowering innovators and entrepreneurs through fostering a culture of creativity, investing in research, and building a robust digital economy.
Dong Ho Kim, the Vice President of the Korea International Cooperation Agency (KOICA), said realizing Innobiz-K Ethiopia Incubation Center is a significant milestone in the effort to support entrepreneurs and ICT development in Ethiopia in general. Through a sustainable and collaborative partnership, the Center will be a game-changer.
Moreover, according to ENA, the Innobiz-K Ethiopia Incubation Center is expected to serve as a key hub for startups and innovative businesses built to realize a strong national startup ecosystem.