Addis University to Establish Technology Business Incubation

Addis Ababa University, foremost institution of higher education in Ethiopia, is to establish a Technology Business Incubation Center as well as a Science and Technology Park. The proposed center, the Addis Ababa University Technology and Business Incubation Center, will be a center to promote excellence in entrepreneurship development as well as serving to commercialize technological innovations at the university.

It is expected to offer a range of support services including infrastructure, finance, management assistance and a support network to strengthen new and emerging entrepreneurial efforts it was said at a at a workshop organized to promote the proposed center. The center is also expected to support the university’s aim to strengthen technology transfer, and research and development efforts. The center will aim to support research activities, create and nurture innovative thinkers said Dr. Admassu Tsegaye President of Addis Ababa University speaking at the workshop.

The workshop was organized to solicit contributions from stakeholders towards preparing the founding document for the center explained Dr. Fenta Mandefro, Associate Dean of Research and Technology Transfer with the college of Business and Economics.

Large development projects nationally are in need of technical knowledge and expertise of the sort that can be offered through such a center according to Kassa Tekleberhan, Chairperson of the University of the Board.