The Jomo Kenyatta University of Agriculture and Technology (JKUAT) has entered a tripartite agreement with South Korean entities World Best Friend and EMCAST to establish an incubation centre to equip IT experts in Kenya with practical knowledge and accelerating growth-driven entrepreneurs through education, mentorship and financing.
Kenya is touted as the African hub for technology start-ups and innovations and the new centre is expected to contribute to the flourishing of the tech business space in the country.
“I am confident that the projects and startups incubated in the center will lead to viable ventures thus leading to employment of our youth and women,” said Prof Imbuga, Vice Chancellor, JKUAT acknowledging its potential to mitigate the youth unemployment challenge facing the country.
World Best Friend CEO, Park Young Hak, said the centre will cultivate startups and IT practitioners through ‘learning by doing’ so that they can be equipped with the skills that can meet the market needs and investors’ demands.
“It is my hope that the startups incubated in the center will be innovative and sustainable hence enhancing the wellbeing of the youth in Kenya,” Young Hak added.
EMCAST will provide the youth in the centre with networking opportunities with peers, mentors and investors in the hope that it will lead to the commercialisation of the incubated projects.
The agreement between JKUAT, World Best Friend and EMCAST will remain in force for three years after which the collaboration will be reviewed.