This business development support was born out of a Memorandum of Agreement signed between NUST and the Society Economy Ecology Consulting (SEECON) International, a Swiss-based company that develops and manages innovative projects.
Studies reveal that southern African countries such as Namibia, South Africa and Zambia have achieved significant economic growth in recent years, yet millions of citizens in the region do not have access to clean drinking water. Furthermore, access to basic and decent sanitation, especially in rural areas remains a great challenge.
The training addresses a wide array of topics, from minimising business failure, receiving peer-to-peer and expert feedback to developing lean start-up strategies. The just-ended session was the first of two engagements aimed at finding and developing business solutions to water crises. The second part of the workshop commences after eight weeks, allowing the participants ample time to apply the knowledge they have acquired to further develop their ideas.
The NBII’s Entrepreneurship and Incubation Manager, Bernice Karuhumba says: “Our Institution is Namibia’s heart of innovation and entrepreneurship, and as such we will continue to train people to become entrepreneurs to better their lives by providing support to start and manage their businesses and continuously contribute to the country’s skills development.”
The Sanlam Innovation Works Competition is public platform that offer start-up funding for projects at early-stage development that address key issues in innovation. The competition which is currently in its fourth cycle is a joint project between Sanlam Namibia and the Namibia Business Innovation Institute.
The Namibia Business Innovation Institute (NBII) recently held its annual Business Plan Competition. Since the NBII’s inception in 2009, the Institute has striven to create a platform for aspiring entrepreneurs to realise their dreams of becoming experts in the business sector.