UNDP, Ethiopia Launch Tech Hub to Boost Startups
TLDR
- The UNDP and Ethiopia’s Ministry of Industry have announced the launch of the Timbuktoo ManuTech Hub.
- Located in Addis Ababa, it aims to support African startups in the manufacturing sector.
- Selected startups will join a three-month hybrid accelerator program, receiving training, mentorship, access to technology.
The UNDP and Ethiopia’s Ministry of Industry have announced the launch of the Timbuktoo ManuTech Hub in Addis Ababa, aiming to support African startups in the manufacturing sector.
Scheduled to open in early 2025, the hub will provide funding, mentorship, and technical resources to startups from across the continent.
Selected startups will join a three-month hybrid accelerator program, receiving training, mentorship, access to technology, and seed grants to develop solutions tailored to Africa’s manufacturing needs. Applications, open until December 25, 2024, are being accepted on the UNDP website.
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Key Takeaways
The ManuTech Hub is part of Ethiopia’s “Vision 2025” to establish itself as a manufacturing center in Africa, complementing its $1 billion investment in 18 industrial parks. While these parks have struggled to meet expectations, the hub seeks to bridge gaps in technical expertise and innovation by fostering startups, a critical step toward competing with global manufacturing leaders like India and Bangladesh.
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