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UG Standard - Latest News

Uganda Unveils Ambitious Deep Technology Strategy

by LILIAN MUWONGE | UG STANDARD REPORTER
30/09/2024
in News, TECH
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Uganda Unveils Ambitious Deep Technology Strategy
Uganda Unveils Ambitious Deep Technology Strategy

KAMPALA, UGANDA – Uganda’s inaugural Deep Technology Summit convened local and international experts to outline the country’s deep tech roadmap.

Minister of Science, Technology, and Innovation, Dr. Monica Musenero, unveiled Uganda’s Tenfold strategy, aiming to catapult the country’s GDP from $55 billion to $550 billion by 2040. “Deep technology is pivotal to achieving this ambitious target,” Dr. Musenero emphasized.

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Richard Rabbat, CEO of Lighty AI, stressed the importance of strategic talent acquisition. “Timing is crucial when building an innovative team,” Rabbat noted. Alaya Bettaieb, Tunisian policy expert, highlighted the impact of government-backed funding.

Brandon Paschal from Stellenbosch University shared South Africa’s framework for promoting research and development. “Private investment initiatives like Angel Networks are vital for scaling high-growth companies,” Paschal emphasized.

Alberto Garcia Picazo, Founder of Hello Tomorrow, underscored the significance of corporate R&D strategies. “Collaborations between corporations and startups drive innovation,” Picazo said.

Alex Ntale from Rwanda’s ICT Chamber showcased his country’s deep tech advancements, including the Rwanda Space Agency’s lunar mission.

Arthur Mukembo, Lead of FutureLab, noted Uganda’s growing tech ecosystem. “By embedding deep tech innovation, Uganda can lead the Fourth Industrial Revolution,” Mukembo said.

The summit aimed to foster partnerships, attract investment, and drive Uganda’s deep tech growth.

Organized by the Science, Technology, and Innovation Secretariat, Open Start-up Tunisia, and FutureLab, the event marked a significant milestone in Uganda’s deep tech journey.

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Tags: AfricaAfrica Digital TransformationAfrica Tech EcosystemAfrican Startups and EntrepreneurshipCorporate R&DDeep Tech InvestmentDeep Tech Investment OpportunitiesDeep TechnologyDeep Technology and EntrepreneurshipDigital TransformationDr. Monica MuseneroEast Africa Tech Innovation Hubseconomic growthEconomic TransformationEntrepreneurshipFourth Industrial RevolutionFourth Industrial Revolution in AfricaGDPGovernment FundinginnovationInnovation and Economic Growth in AfricaInnovation and EntrepreneurshipInvestmentPrivate InvestmentscienceScience and Technology in UgandaScience Technology and InnovationStartup ScalingStartupsTechnologyTenfold StrategyUgandaUganda Deep Technology InitiativesUganda Deep Technology SummitUganda Tech Ecosystem DevelopmentUganda Unveils Ambitious Deep Technology Strategy

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