{"id":59583,"date":"2023-11-09T18:39:12","date_gmt":"2023-11-09T18:39:12","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=59583"},"modified":"2023-11-09T15:22:18","modified_gmt":"2023-11-09T15:22:18","slug":"science-week-to-offer-matchmaking-between-investors-ugandan-innovators-says-minister-musenero","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/science-week-to-offer-matchmaking-between-investors-ugandan-innovators-says-minister-musenero","title":{"rendered":"Science week to offer matchmaking between investors , Ugandan innovators, says Minister Musenero"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Minister for Science and Technology, Dr. Monica Musenero has said that the ongoing National Science Week at Kololo ceremonial grounds will offer matchmaking between investors and Ugandan innovators.<\/b><\/p>\n

This year\u2019s science week under the theme , \u201cTusimbudde ( we have taken off ) that opened on November 6 will up to 11.<\/p>\n

\u201cThis year\u2019s science week is meant to show how innovation or science and technology builds our nation and how scientists and innovators come up with ideas. They transform those ideas into what you see as we call them prototypes or young ideas. Those ideas needed to be matured and eventually they must end up as an entity which has something to sell. It has it must transform into a business now usually well government is able to support ideas from the beginning,\u201d Dr.Musenero said.<\/p>\n

\u201cYou don\u2019t sit around and wait for government to keep appropriating some money that takes too long and most of your ideas will die. So this year, we are focused on bringing many of the ideas which have grown, which can now be articulated well, to present them to investors.\u201d<\/p>\n

The Science and Technology Minister explained that to ensure this, more than 70 investors have been attracted from allover the world to attend this year\u2019s science week so as they can see Ugandan innovations, they can invest in.<\/p>\n

Allays fears <\/b><\/p>\n

In the past, there have been fears among innovators about the role of investors, with many accusing investors of seeking to take over their ideas<\/p>\n

However, the minister allayed these fears.<\/p>\n

They don\u2019t come to take your idea. Some people think that when an investor comes, they take your idea. No. It is like when you have planted a tree, but it is growing very slowly. Then somebody comes with a watering can with some nutrients and gifts that tree and it grows very fast, very big, and then you all benefit. So, they are they don\u2019t come to take our ideas. They come to help our ideas grow mature,\u201d Dr. Musenero said.<\/p>\n

She explained that whereas in the past government has been helping innovators with ideas and startups put them up to standard, now is the time for them to be invested into.<\/p>\n

According to Musenero, the science week will also have an investors\u2019 summit for all investors to come together and see what Uganda has to offer in terms of science and innovation so they can see where they can invest.<\/p>\n

According to Kunmi Demuren, a co-founder and partner at GreenHouse Capital, one of the largest technology investors in Africa, the science week will be yet another opportunity to see if there are innovations they can invest in.<\/p>\n

\u201cWe are invested in over 50 companies in Africa. In around 15 countries and counting, the valuation combined valuation of our investments is over $1.3 billion and this is African for Africa. So indeed, there is capital that\u2019s looking for great innovative ideas that have African origin. I am also very happy to state that over 95% of the founders that were invested in are Africans and so it is possible to have billion dollar companies with an Africa zip code,\u201d Demuren said.<\/p>\n

\u201c We have picked Uganda as one of the countries where we want to deepen our roots for a number of reasons. The talents incredible talents, very well educated. You have the environment and political supports that are very serious about science and commercialization, and then, of course, you have the markets here. You are well positioned to serve many countries in Africa. So, Uganda for us was on it was a no-brainer to pick as our next port to really invest through Uganda into all of Africa.\u201d<\/p>\n

The co-founder at GreenHouse Capital said where he has met a number of brilliant Ugandans abroad, none has ever been met in Uganda.<\/p>\n

\u201cI have met a lot of very smart, very brilliant Ugandans that we have invested in in our portfolio, but I never met any of them in Uganda. They were all in other countries, such as Kenya, such as Nigeria, such as South Africa, but they\u2019re Ugandans and they do very incredible work extremely innovative solutions. The question was, why do we meet the smartest Ugandans outside Uganda? What is wrong with Uganda, for us to not come here and make the investment and so we are really deliberate and intentional now to really focus the attention of the world to Uganda.\u201d<\/p>\n

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

Africa-Press – Uganda. The Minister for Science and Technology, Dr. Monica Musenero has said that the ongoing National Science Week at Kololo ceremonial grounds will offer matchmaking between investors and Ugandan innovators. This year\u2019s science week under the theme , \u201cTusimbudde ( we have taken off ) that opened on November 6 will up to […]<\/p>\n","protected":false},"author":84,"featured_media":59582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9,258],"tags":[233,240,234],"class_list":["post-59583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","category-to-homepage","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nScience week to offer matchmaking between investors , Ugandan innovators, says Minister Musenero - Uganda<\/title>\n<meta name=\"description\" content=\"The Minister for Science and Technology, Dr. Monica Musenero has said that the ongoing National Science Week at Kolol ...\" \/>\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\/uganda\/all-news\/science-week-to-offer-matchmaking-between-investors-ugandan-innovators-says-minister-musenero\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Science week to offer matchmaking between investors , Ugandan innovators, says Minister Musenero\" \/>\n<meta property=\"og:description\" content=\"The Minister for Science and Technology, Dr. Monica Musenero has said that the ongoing National Science Week at Kolol ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/science-week-to-offer-matchmaking-between-investors-ugandan-innovators-says-minister-musenero\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-09T18:39:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/11\/sm_1699530532.439144.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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/science-week-to-offer-matchmaking-between-investors-ugandan-innovators-says-minister-musenero#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/science-week-to-offer-matchmaking-between-investors-ugandan-innovators-says-minister-musenero\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Science week to offer matchmaking between investors , Ugandan innovators, says Minister Musenero\",\"datePublished\":\"2023-11-09T18:39:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/science-week-to-offer-matchmaking-between-investors-ugandan-innovators-says-minister-musenero\"},\"wordCount\":765,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/science-week-to-offer-matchmaking-between-investors-ugandan-innovators-says-minister-musenero#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/11\/sm_1699530532.439144.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"miscellaneous\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/science-week-to-offer-matchmaking-between-investors-ugandan-innovators-says-minister-musenero#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/science-week-to-offer-matchmaking-between-investors-ugandan-innovators-says-minister-musenero\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/science-week-to-offer-matchmaking-between-investors-ugandan-innovators-says-minister-musenero\",\"name\":\"Science week to offer matchmaking between investors , Ugandan innovators, says Minister Musenero - 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