The business environment is steadily changing and entrepreneurs are fast-tracking their strategic plans to fit in modern modules to run their businesses especially in the 21st-century era where the digital world has taken over.
The outbreak of Coronavirus presented very many challenges for businesses but many opportunities as well for others especially small Startups to break even in these unprecedented times.
It is against this backdrop that, Makerere Innovation And Incubation Centre (MIIC) organized the Startup Fest 2020 last Thursday, August 27th, 2020 to give an opportunity for young entrepreneurs and innovators to showcase their creations targeted at solving the modern-day challenges of Ugandans in particular, and the wider global market in general.
The Fest organized under the theme “Unlocking Uganda’s next generation of enterprises” was mainly aimed at the economic potential of innovative products and services from the MIIC Enterprise Support Program.
It was held on Zoom Webinar and other online digital platforms by the University’s innovation hub that prides itself in providing a sustainable innovation platform where several Startups showcased their 2020 business ideas for unlocking new thinking in innovations and potential.
Mr. Gilbert Junior Buregyeya the moderator said “innovation is key crucial to the growth and success of any organization”.
The moderators, who were keen on identifying Startups with the potential to solve today’s challenges with minimal costs, expressed their gratitude and appreciation to the participants for well-thought-out ideas and presentations. They were impressed with the energy and zeal exhibited by some of the participants while presenting and think they will succeed in their endeavors even if they didn’t win the supporting prize.
“Hopefully these young entrepreneurs can solve some of our most pressing issues while maximizing their potential.” Ronald K. Sekajja one of the panelists said after reviewing the youngsters pitching their ideas.
Let us support young people to create innovations and companies to support the economy because we have the money to that. Professor Barnabas Nawangwe, the Vice-Chancellor of Makerere University who was the chief guest said during the closing remarks.
The youngsters who pitched ideas mostly presented innovations revolving around digital solutions for small scale service providers in areas of Groceries and Deliveries, Garbage Collection and Waste Management, Healthcare Systems, Ticketing, and Agribusiness as well as Tourism and Entertainment.
The professional judges and panelists also included Dr. Joshua Mutambi, Athieno Sefroza, Micheal Niyitegeka, and Mr. Richard Ndahiro.