{"id":42758,"date":"2024-01-30T06:29:52","date_gmt":"2024-01-30T06:29:52","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/innovation-key-to-transformation"},"modified":"2024-01-30T07:18:33","modified_gmt":"2024-01-30T07:18:33","slug":"innovation-key-to-transformation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/innovation-key-to-transformation","title":{"rendered":"INNOVATION KEY TO TRANSFORMATION"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Innovators and entrepreneurs should lead country\u2019s transition into a knowledge-based economy, President Dr Mokgweetsi Masisi has said.<\/b><\/p>\n

Speaking on the occasion of the Massachusetts Institute of Technology (MIT)\u2019s 2023 Foundry Fellows-Botswana eco-system tour, President Masisi said it was through institutions such as the Botswana Digital and Innovation Hub (BDIH) that the nation looked forward to realising a thriving tech-driven and innovation-led economy.<\/p>\n

He said MIT\u2019s continued collaboration with the BDIH team was an example of public and private sector partnership towards realising a diversified, knowledge-based economy.<\/p>\n

President Masisi said government regarded entrepreneurship and innovation as key to unlocking the nation\u2019s potential, the same way as natural resources. To foster the growth of entrepreneurship and innovation in Botswana, President Masisi noted that government had established the Ministry of Entrepreneurship, and a robust set of policies and legislation to support entrepreneurs and innovators.<\/p>\n

He said government had always recognised the need to diversify the economy away from natural resources and had over the years actively taken steps to bring about the diversification.<\/p>\n

Importantly, he stated, a large share of investment in the development of human capital continued to be a budgetary norm, adding that for years more than 20 per cent of the Gross Domestic Product had been allocated to financing education and training.<\/p>\n

He cautioned that good policies alone would not bring about the envisioned transformation, growth and development without the requisite efforts of entrepreneurs innovators.<\/p>\n

\u201cOther knowledge economy ecosystem players, such as universities, research institutions, providers of risk capital, corporates, philanthropic capital providers and the media need to also be intentional about Botswana achieving the Vision 2036 targets,\u201d President Masisi said.<\/p>\n

He said the country\u2019s aspirations espoused in the national Vision 2036: Achieving Prosperity for All, have foregrounded a long-term strategic development plan that sees Botswana transforming into a knowledge-based economy.<\/p>\n

Furthermore, President Masisi indicated that government had adopted the Reset Agenda, which, among its five pillars, aimed at driving change of mindsets and embracing new ways of doing things.<\/p>\n

\u201cAt the centre of this agenda is the need to drive an entrepreneurial and innovative mindset among our people,\u201d he said.<\/p>\n

He said having sustained almost 60 years of continuous improvements in the standard of living for Batswana, failing to diversify the revenue streams would inevitably lead to falling standards, thus he highlighted the urgency to transform Botswana\u2019s economy.<\/p>\n

The President said commitment to the principle of economic transformation required the development of appropriate policies, programmes and projects to effect the necessary changes in peoples\u2019 livelihoods, through appropriate innovations and entrepreneurial interventions.<\/p>\n

\u201cMore importantly, it requires working together across many fronts of bringing about transformations of people\u2019s livelihoods by paying attention to the indicators or conditions that constitute the basis of positive social development, otherwise called sustainable economic growth and shared prosperity,\u201d he said.Dr Masisi said there was a lot to learn from the initiatives of the Legatum Group at the MIT as they had come up with an array of specially tailored leadership and entrepreneurship programmes, frameworks and modules for immersion in real life contexts of learning.<\/p>\n

He, therefore, encouraged Legatum Group to explore working with local entrepreneurs and innovators.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Innovators and entrepreneurs should lead country\u2019s transition into a knowledge-based economy, President Dr Mokgweetsi Masisi has said. Speaking on the occasion of the Massachusetts Institute of Technology (MIT)\u2019s 2023 Foundry Fellows-Botswana eco-system tour, President Masisi said it was through institutions such as the Botswana Digital and Innovation Hub (BDIH) that the nation […]<\/p>\n","protected":false},"author":84,"featured_media":42757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,237,234],"class_list":["post-42758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nINNOVATION KEY TO TRANSFORMATION - Botswana<\/title>\n<meta name=\"description\" content=\"Innovators and entrepreneurs should lead country\u2019s transition into a knowledge-based economy, President Dr Mokgweetsi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/innovation-key-to-transformation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INNOVATION KEY TO TRANSFORMATION\" \/>\n<meta property=\"og:description\" content=\"Innovators and entrepreneurs should lead country\u2019s transition into a knowledge-based economy, President Dr Mokgweetsi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/innovation-key-to-transformation\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-30T06:29:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-30T07:18:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1706586332.963531.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/innovation-key-to-transformation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/innovation-key-to-transformation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"INNOVATION KEY TO TRANSFORMATION\",\"datePublished\":\"2024-01-30T06:29:52+00:00\",\"dateModified\":\"2024-01-30T07:18:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/innovation-key-to-transformation\"},\"wordCount\":540,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/innovation-key-to-transformation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1706586332.963531.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/innovation-key-to-transformation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/innovation-key-to-transformation\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/innovation-key-to-transformation\",\"name\":\"INNOVATION KEY TO TRANSFORMATION - 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