The Ministry of ICT Postal and Courier Services, through the national telecommunications regulator, Potraz announced that it is now ready to disburse the ICT innovation funding which it launched last year.
Potraz has announced that applications for the innovation fund have just been opened with effect from tomorrow as the government readies to disburse $2.5 million towards stimulating creativity and innovation amongst young ICT Players.
The fund which was initially launched as ICT innovation fund has officially kicked off disbursement as the ICT Innovation drive, after successfully signing up with the national reserve bank and other banks for disbursement.
Legible technology players are with immediate effect encouraged to start applying for this funding to Potraz to access the financial assistance for their projects.
In a statement Potraz announced that:
Are you an ICT innovator, Startup, or Entrepreneur with a brilliant innovation or solution, Potraz has introduced an exciting innovation drive aimed at identifying funding and capacitating unique ICT innovations and innovators.
Applications from creative ideas, running projects and grey market are also welcome as government seeks to create its own Zimbabwean Silicon Valley by capacitating tech ideas.
While most projects are expected to be ICT based, Potraz said that any technological project that is running on an ICT system qualifies as well. Various renowned industry experts will be sitting on the adjudication panel to evaluate the submitted projects.
Potraz said that there is no minimum fees or maximum ceiling for any submission, but the project proposal should be able to state and support its own business case for financial assistance.
However the applications will need to be submitted by the end of this month, (May) as thousands are expected to apply after the national ICT Innovation showcases, which were held in Bulawayo and and the official opening in Harare.
“If you are an ICT Innovator, Send your descriptive business proposal, together with your financial projections and budget for consideration to innovationdrive(@)potraz.gov.zw for consideration by 30 2017.” Said the statement.
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