25 October 2021
Our aim is to increase the number of successfully scaled innovation ventures/ start-ups to contribute to the national development goals and the Sustainable Development Goals in Tanzania
This will be achieved through the programme’s contribution in addressing the stumbling blocks and gaps in the innovation ecosystem that hinder innovative impact ventures from scaling, while promoting an environment that promotes innovation for development and empowers innovators, entrepreneurs, and enablers. The three main pillars of the programme are:
This includes, but not be limited to, building a viable pipeline of innovative impact ventures/ start-ups, working with partners to avail relevant and flexible financial and technical support to those ventures, and ultimately setting up an autonomous Funguo Innovation Facility that will leverage public funding to unlock private / third-party financing and investment.
The programme contributes to strengthening the capacity of service delivery institutions (hubs, incubators, accelerators, professional business development services providers, etc.) to support and lead innovative start-ups to a stage where they can attract impact and/or commercial investments.
The programme works with and support policy makers and other innovation stakeholders to promote innovation & technology for development through conducive, progressive, and friendly policies and regulations, strategic dialogues, and engagement across the innovation ecosystem.
The programme is initially being funded by UNDP, the European Union Delegation to Tanzania and EAC, as well as the Foreign and Commonwealth Development Office (FCDO). The implementation is being led by UNDP Tanzania in partnership with the United Nations Capital Development Fund, UNCDF and the Commission for Science and Technology (COSTECH), who is our government partner.
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