Feb 12, 2018 BIH News, Media Release

Botswana Innovation Fund Committee

Front Seated: The Minister of Tertiary Education, Research, Science and Technology, Hon. Dr. Alfred Madigele (Seated Centre) flanked by DPS MoTE Dr. Kekgonne Baipoledi (L) and MD at Fiducia Services, Dr. Thapelo Matsheka.

Standing in the Back Row (L-R): UB VC Prof. David Norris, Fund Coordinator, Sithembile Dingake, Investment Principal at NORSAD, Oteng Sebonego and Botswana Innovation Hub CEO, Alan Boshwaen. *Not included in the picture is GM Botswana Vaccine Institute, Dr. George Matlho

Botswana Innovation Fund Committee

Botswana Innovation Hub is mandated to coordinate the establishment of a functional and integrated national innovation ecosystem. Key to this, is the creation of Innovation Fund that promotes innovation through provision of seed/early stage funding to companies or organizations registered with the Botswana Innovation Hub which may subcontract part of the development work to universities and research organizations.

In addition, the Innovation Fund serves to encourage companies and organizations awarded funding to transfer skills to citizen employees by providing cash grants to be utilized for institutional training and on the job training programmes.

The Minister (MoTE) has appointed the Botswana Innovation Fund (BIF) Committee members to have oversight on implementation of the fund.

The Committee consists of independent members of the public from Private Sector and the business community. The Botswana Innovation Hub (Secretariat) has established a Fund Administration Office and will act as the secretariat for the fund.