The Ministry of ICT Postal and Courier Services, through the national telecommunications regulator, Potraz have announced that they have now started taking applications for the innovation funding which was officially launched President Emmerson Mnangagwa this year.
Technology Start-ups are players are encouraged to start applying for this funding to Potraz to access the financial assistance for their projects. Potraz did not state when the closing date for the applications was going to be , so it’s better to apply early than wait for the due date.
Whether all you have is an idea or you’re actively into the early stages of your company’s development, you’ve probably anticipated the need for start-up capital. The good news is the government has finalized and has started accepting applications towards the roll out of the $2,5 million Information Communication Technology (ICT) innovation fund aimed at availing financial resources to support Tech start-ups.
The purpose of the Funds is to identify, harvest, support and capacitate young ICT innovators and their innovations around Zimbabwe to develop their ideas into bankable solutions for Zimbabwe and the global market.
The fund is in response to calls by the local telecommunications sector for the government to either ban or stifle use of over the top services. The Innovation Drive seeks to give part innovators whose applications would have been accepted.
The government has shifted from being a transformation laggard to being a catalyst for change.
WhatsApp’s success in Africa has charmed startups and businesses across the continent. Its ability to reach millions of people instantly has prompted businesses to integrate this messaging app into their workflow. More than 60% of businesses in Zimbabwe are reportedly using WhatsApp to take orders, keep customers updated, and receive feedback to make their product better.