Zimbabwe tech entrepreneurs have received a shot in the stem of total $1billion to help them establish and grow their various tech based solutions
This year, the 5th Edition of the Postal and Telecommunication Regulatory Authority (POTRAZ) Hackathon Awards Presentation Ceremony saw a total of 61 projects receiving sponsorship instead of the initial 50 due to ties.
The Postal and Telecommunication Regulatory Authority (POTRAZ)’s annual Hackathon is part of the country’s ICT Innovation Drive whose major objective is to increase ICT research and development as well as its uptake by innovators and research institutions in Zimbabwe.
POTRAZ Director General Gift Kalisto Machengete announced that under the Innovation Drive, POTRAZ will fund existing innovation hubs to the tune of ZWL 812, 500,000.00 and a further ZWL 271, 000,000.00 will be churned towards Innovation Partnership programs.
The Power Africa Labs Team led by Tatenda Manyara walked away with the first prize, and they received a ZWL$1 billion cheque from POTRAZ.
Speaking at the same event Minister of ICT, Postal and Courier Services, Dr. Jenfan Muswere said an increase in ICT research and development is achieved through identifying, supporting, and capacitating ICT innovators in the country, to develop their ideas into bankable solutions for Zimbabwe and the global market.
“Programs such as the POTRAZ Hackathon not only promote a culture of ICT innovation and development among Zimbabwean youths but also creates employment and increase the total number of home-grown ICT applications,”
Dr Muswere called upon the private sector to establish Public-Private Partnerships with the Government towards setting up and running tech hubs.
“Innovations from these hubs will immensely benefit both Government and the private sector hence such partnerships are a worthwhile move,” Dr. Muswere said.