MUBS Bench marking Business incubators in the Region
At the invitation of Dar Teknohama Business Incubator (DTB) in Tanzania a delegation of Makerere University Business school headed by the principal . Prof. Waswa Balunywa visited the institutions on a bench-marking visit.
The delegation comprised Manager strategy and projects Ms. Christine Nantambi, and Manager innovation and Incubation Hub.Ms. Remmie Namutangura kaarare. The visit aimed at empowering the incubator and strategy managers with a thorough understanding of the various business incubator modelsand their critical success factors as well as to help them identify the best model to adopt for the MUBS incubator to be successful.
MUBS was advanced a loan to establish a business incubator at the School , where students, staff and business people can take advantage of the intellectual property generated by academics. The loan was advanced to the School by the Government of Uganda through loans by the African Development Bank. According to Prof. Balunywa MUBS has an Entrepreneurship Centre whose main role is to foster entrepreneurship among the students. He said the Centre has attempted, to attract students through the business plan competition hoping that those with good ideas can be incubated, unfortunately due to funding shortages MUBS has not been able to run a business incubator.
Prof. Balunywa noted that Prior to this visit, MUBS had an opportunity to benchmark incubators in Kenya, Tanzania, the United Kingdom and Germany. He said the incubators in the developed countries are more focused on current technologies. “There are very few with physical space. “In Germany, we failed to locate a physical incubator, all we accessed were online! In Kenya and Dar-es-salaam we found an attempt to produce products and or services with a technological bias. We discovered that physical products are now mainly prototyped and produced in China. Therefore incubators for physical products are no longer fashionable in the developed and emerging economies”, he said.
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