fbpx
Hotline:0856757024

Start-Up Namibia 389 views

Follow

This company has no active tenders

Start-Up Namibia

About Us

Project description

Title: Start-Up Namibia
Commissioned by: German Federal Ministry for Economic Cooperation and Development (BMZ)
Country: Namibia
Lead executing agency: Ministry of Industrialisation, Trade and SME Development (MITSMED), Ministry of Higher Education, Technology and Innovation (MHETI), City of Windhoek (COW)
Overall term: 2019 to 2022

Context

In Namibia, preconditions for start-ups, setting up enterprises and upscaling a small business are inadequate. Support structures for start-ups are in their very early stages, albeit promising. Start-up Namibia thus aims to improve conditions for the establishment and growth of start-ups in selected regions in Namibia. Start-ups have the potential to drive the creation of new jobs in Namibia and can have a fundamental impact on overall economic productivity. Start-ups can also contribute to economic growth by spurring innovation and injecting competition. Therefore, a Start-up Incubation and Innovation Centre will be built in Windhoek with mobile outreach units to selected regions in Namibia.

Objective

The project has created new opportunities for jobs in the start-up sector and mobile Centres are being setup in various regions throughout Namibia to aid in necessary services.

Approach

Start-ups create new jobs in Namibia. The combination of innovative technical solutions and traditional industries open new opportunities. Start-ups that develop and offer digital products and services to the market have the potential to be key growth drivers. However, tech-oriented and non-tech start-ups need demand-based and tailored support. To achieve the main goal of the project, the following activities are planned:

The Start-up Incubation and Innovation Centre will be built on the premises of the Bokamoso Entrepreneurial Centre in Windhoek. The Centre will incubate start-ups and serve as a “one-stop-shop” for all needs a start-up faces in its ideation, establishment and growth phases. In addition, mobile outreach units will serve start-ups in three regions in Namibia. The Centre will be run as an independent entity with a sustainable business model.
The Start-up Centre in Windhoek as well as the mobile outreach units in the selected regions will provide business development services to Start-ups. This will strengthen entrepreneurial capacity and reduce the rate of failed businesses.

The project will also work on improving access to financial services for start-ups, such as start-up capital and growth financing. Improved access to financial information and funding sources should enable medium to long-term financing of product and business development and strengthen the performance of start-ups.
Cooperation with partners such as other start-up incubators and innovation centres, universities, financial institutions or associations will be set up to expand the service offer of the Start-up Centre and build the Namibian start-up ecosystem.

About Us

Oilonga Tender Portal is an online database of all tenders advertised in the country. We search through newspapers, websites and social media to find and notify you of all opportunities available in your industry.

Looking for a supplier or subcontractor??

Number of tenders available for you right now