UGANDA PLANS ICT INCUBATOR TO ENCOURAGE SECTOR GROWTH
Uganda is setting up a USD600,000 (Shs 1.2bn) Information Communication and Technologies (ICT) incubation centre to help ICT businesses seek markets. It is hoped that the centre will enable those involved to penetrate regional and international markets.
Incubation centres are avenues that support creation and development of technology-oriented companies involved in developing, realising and selling new products and services - after elaborate market research. “Uganda is setting up an ICT incubation centre because of its success in the ICT sector in the last five years,” said Mr John Musajjakawa, Uganda Investment Authority’s director of the ICT division.
“The ICT sector is being used as a model for the incubation centre, if successful it will be expanded to other sectors,” he added. ICT business is expected to gain improved business linkages, attract experienced entrepreneurs, as the incubation centre will make this sector more commercially viable.