Ethiopia: Nice Innovation Incubation Center Nurtures and Accelerates Tech Startups

By : Melchior Koba

Date : mercredi, 27 mars 2024 04:54

Focused on promoting knowledge-based businesses, Nice Innovation Incubation Center is committed to fostering a culture of innovation and equity, with the ambition of turning bright ideas into tangible successes.

Established in 2018, the Nice Innovation Incubation Center is an innovation hub aimed at addressing the technological development gap in Ethiopia. The center’s vision is to cultivate an incubation and innovation ecosystem that nurtures knowledge-based businesses.

Its mission is to foster an innovative culture within the university environment and to establish a work culture grounded in fairness, equality, and performance. The center is committed to training bright minds for excellence in science, technology, fine arts, and the creation of marketable interdisciplinary knowledge.

The center’s areas of interest span a wide range of fields, including artificial intelligence, quantum computing, virtual, augmented, and mixed reality, cybersecurity, robotics, the Internet of Things, Industry 4.0, blockchain, advanced materials, drones, biotechnology, and more. Headquartered in Addis Ababa, the center also operates in Nairobi, Kenya, and has plans for expansion into other East African countries.

It collaborates with and invites technical and marketing experts for training, coaching, and mentoring programs. It also builds partnerships with local industrial companies and offers infrastructure consultancy and investment support.

Through its incubation program, the Nice Innovation Incubation Center welcomes technical or business ideas from students and emerging entrepreneurs. It provides support throughout the process, from planning to prototyping, to help turn their ideas into reality and bring them to market.

For each project that is successfully incubated, the center facilitates the prototyping process. It liaises with banks and public bodies to secure startup loans for the continued support of products and startups.

Melchior Koba

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