× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Kenya-Israel strike deal to boost local innovation

By Brigid Chemweno | October 4th 2016

Israel has entered a joint ventures deal that will give Kenyan start-ups, innovators and entrepreneurs access to acceleration and skills training.

The agreement was signed last week in Tel Aviv, Israel, by Konza Technopolis Development Authority (KoTDA) CEO John Tanui and Tel Aviv Global CEO Eytan Schwartz.

Mr Tanui said the partnership would enhance the innovation ecosystem by creating opportunities for joint ventures between entrepreneurs in Kenya and Israel.

“The knowledge economy is the way of the future, and it flourishes where international networks are there to nourish it with new ideas,” he said.

“Since Israel is one of the undisputed leaders in the global innovation space, we are confident that this partnership will provide our community of innovators with a collaborative platform that will position them in the global scene.”

Under the agreement, KoTDA will nominate Kenyan innovators and entrepreneurs for participation in three Tel Aviv Global initiatives aimed at fostering entrepreneurship and enabling start-ups’ growth.

Share this story
Volkswagen to produce first car in Kenya by December
Volkswagen, the German-owned firm, has entered into an agreement with Kenya Vehicle Manufacturers through its South Africa subsidiary, one of the two manufacturing plants in the continent.
Absa Bank net profit for 3 months up 24pc
The performance was mainly driven by growth in interest income, particularly in the small and medium enterprises.