This week TANZICT opened the Innovation Fund for the second time during 2014.
Last time the Fund was opened, we received 44 applications, from which 10 projects were chosen to receive funding. These projects will be awarded with a total of nealry 190 million Tanzanian Shillings.
If you have a business idea or a concept and that you need help with to develp it as a promising new product or service, Innovation Fund is just the thing for you. You can apply on the Innovation Fund page.
Deadline for applications is by 30th of September, 2014 – so ACT FAST!
The objective of the Innovation Fund is to fund implementation of innovative, commercially viable ideas, which when realized, will address specific social and economic needs which exist in Tanzania. The fund focuses on getting new products and services to demo, prototype or pilot phase. The fund is managed by COSTECH in collaboration with TANZICT. All of the teams selected for the grant are needed to specify a Hosting Institution and a Mentor for their project.