UGANDA GOVERNMENT FAILS TO FUND ICT INCUBATOR
The long-awaited Information Communication Technologies incubation centre will not be set up after government failed to avail $600,000 (about Shs10.8 million) for the venture. The incubation centre, which was due for set up four years ago, was meant assist ICT businesses penetrate new regional and international markets.
The incubator was meant to link Uganda ICT businesses to the international market, which would attract experienced entrepreneurs and make the ICT sector more commercially viable. However, recently John Mussajakawa, the Director ICT division, Uganda Investment Authority (UIA), told an I-network seminar that there were no funds available for the incubation centre.
UIA is the principal custodian and driver of Uganda's investment roadmap. UIA's investment promotion campaign since its inception has identified nine priority investment sectors among them 'creating centres of excellence in ICTs'. These included the incubation centre in the ICT sector.
Incubation centres are avenues that support the creation and development of technology-oriented companies involved in developing, realising and selling new products and services-after elaborate market research.
If it was developed successfully the idea was to be replicated to other sectors in the country. The communications sector has been growing at an average of 25 per cent in the last five years and government has taken various policy measures to encourage investments in ICT.