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Govt asks struggling businesses to form partnerships – 93.3 KFM

August 30, 2023
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Govt asks struggling businesses to form partnerships – 93.3 KFM
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Government has asked struggling stand-alone startups to make partnerships so as to make their business more lucrative.

Mr David Gonahasa, the lead manager for Industry 4.0 bureau at the Ministry of Science, Technology and Innovation, says weak and struggling small and medium enterprises should make partnerships to transform and create jobs.

He said the government has earmarked more than Shs90 billion for the promotion of innovations in the country to support ecosystems, incubation, and other such systems.

“The government is willing to work with investors and scientists through the Ministry of Science, Technology and Innovation. We at the ministry believe innovation should lead to the development of products that consumers are willing to buy,” he said.

Mr Gonahasa made the remarks while officiating at a ceremony where the Youth Start-up Academy Uganda (YSAU) signed an…

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