Nevanji Munyaradzi Chiondegwa
Harare – In a move aimed at fostering economic growth and technological advancement, the Zimbabwean government has adopted the Principles of the Science, Technology, Innovation Start-Up and Knowledge-based Economy Promotion Bill. The principles were presented by the Minister of Higher and Tertiary Education, Innovation, Science and Technology Development during a post-Cabinet media briefing in Harare yesterday.
The proposed legislation seeks to create a favorable environment for start-ups and stimulate entrepreneurship in the science, technology, and innovation sectors. By attracting investment and generating employment opportunities, the government aims to establish Zimbabwe as a hub for innovation and technological progress.
“The Bill will provide for deliberate industrialization of Zimbabwe through the promotion of science, technology, innovation and start-ups,” said Dr. Jenafan Muswere, the Minister of Information, Publicity and Broadcasting Services. “It will also facilitate the work of Science and Technology Agencies and institutions of higher and tertiary learning in implementing science and technology projects for start-ups in the innovation hubs, Science and Technology parks and industrial parks.”
One of the key features of the Bill is the provision for well-designed tax incentives, rebates, and preferential government procurement to promote endogenous science, technology, and innovation-driven industrial growth by start-ups. Additionally, the government has committed to deliberate land allocation for the establishment of innovation hubs and industrial parks as part of its master plans.
“The Bill will also provide for the promotion of a robust knowledge-based economy in Zimbabwe and the establishment of an Innovation Bank to support the growth of start-ups in the science, technology, and innovation sectors,” added Dr. Muswere.
The adoption of these principles marks a significant step forward in Zimbabwe’s efforts to transform its economy and position itself as a leader in technological innovation. By creating a supportive ecosystem for start-ups, the government aims to drive economic diversification, create jobs, and strengthen the country’s competitiveness in the global marketplace.
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