Business

State unleashes Venture Capital Fund

Minister of Technology and Science Felix Mutati

NKOMBO KACHEMBA, Lusaka
GOVERNMENT has established a Venture Capital Fund (VCP) to help transform innovative ideas into marke-ready products.
Minister of Technology and Science Felix Mutati said cooperating partners and financial institutions are going to support the capital fund.
Mr Mutati said Zambia has so many young people with innovative ideas but they lack capital to transform them into market ready products.
“We have 45 youths with brilliant ideas which could contribute to the development of the country, but what is needed are resources to help actualise them. We are soon launching the Venture Capital Fund to support such innovations,” he said.
Mr Mutati was speaking on Tuesday evening during the launch of the Zambia Business Angels Network (ZBAN) website and logo.
He called on ZBAN to work with Government in supporting some of the innovations in the area of CLICK TO READ MORE


Facebook Feed

Ad1