Dr Seifu Admassu Tilahun, Scientific Director of Bahir Dar Institute of Technology-Bahir Dar University and Mr. Ayalew Gizaw Desta, CEO of IBA Ethiopia has signed the MoU on May 15, 2019.
IBA Ethiopia is a legally registered company in Ethiopia, based in Norway, engaged in providing business and investment consulting, training and mentoring services to business start-ups and entrepreneurs, organizing and hosting business, investment and entrepreneurship related events as well as setting up and running business, investment and entrepreneurship excellence and training centers.
Currently, IBA Norway is setting up an independent business accelerator in Ethiopia (IBA Ethiopia) has agreed with Bahir Dar Institute of Technology to support and accelerate student and staff innovation projects by focusing on the following key areas:
- Start-ups accelerator (Commercialization of start-ups)
- Investment scale-up
- Business incubation
- Investment facilitation services (Investment support)
Mainly the MoU has targeted to:
- Establish Public-Private Partnership between parties for the purpose of facilitation, commercialization and acceleration of investments on start-ups that are incubated by Bahir Dar Institute of Technology-Bahir Dar University.
- Promote university graduates and young innovators so as to provide them with opportunities to transform their creativities into profitable business ventures by linking them with potential investors from local and abroad.
- Enable commercialization of creative ideas, self-employment, and transfer of technology, as well as create managerial and financial capability.
