Feb 2 , 2025
A 4.69-million-dollar (4.5 million Euro) grant to establish an incubation centre for high-technology innovation enterprises has been availed by the Italian government. Minister of Finance, Ahmed Shide, and the Italian Minister of Universities & Research, Anna M. Berini, joined by Italian Ambassador to Ethiopia, Agostino Palese, signed the agreement at the ministry's headquarters last week. The project includes the development of a Fabrication (FAB) Lab equipped with advanced manufacturing and prototyping tools, a training facility, and a talent development lab. This project would align with the country's goals to create employment opportunities, enhance service delivery, and foster innovation and entrepreneurship through technologies and digital infrastructures. Ahmed noted that the agreement will enhance long-term strategic partnerships in agriculture, industry, health, and education. Ethiopia's youth is caught between a rock-hard place and a formal education route that fails to accommodate entrepreneurial ambitions. A start-up proclamation drafted by the Ministry of Innovation & Technology which entails the creation of an innovation fund, a national start-up council, and tax incentives has yet to see the light of the day.
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