Innovation Development

Coordinate, promote and lead the national Business, tech and Research based Innovation and Startup Ecosystem development.

In particular, the unit operates to meet ministry’s goal to enable the Ethiopia’s startup ecosystem reaching the fourth stage of its life cycle, which would enable Ethiopia’s startup ecosystem to finally integrate with the global fabrics of knowledge, produce a global business model, and achieve high global market reach in the long run. In the near future, the unit places its priority on the first cycle, which is the activation ecosystem life cycle, which is stifled by challenges such as limited ecosystem experience, challenges of resource leakages to later-stage ecosystems that inhibit growth, and also activation cycle success indicators such as triggering the globalization ecosystem life cycle through multiple startups with 100 million+ USD exits and through national resource attraction in some of our regions, such as Kenya’s and Nigeria’s startup ecosystems Among many other activities, the unit technically coordinates Startup Designation Provision Services based on legal and regulatory frameworks.