An innovation hub dubbed “Eight2five” has been launched in a move aimed at capacitating youths with entrepreneurial and technical skills.
The ‘Eight2five’ innovation hub is expected to capacitate youth start projects while increasing innovation capabilities within businesses.
Financial services provider Old Mutual has partnered with Udugu Institute to ensure that its vision towards enabling youths to be key pillars of economic development becomes a reality.
The Minister of Youth, Sport, Arts and Recreation Honourable Kirsty Coventry praised Old Mutual for believing in young people.
“Talent is equally spread but the opportunity is not, by launching the eight2five Old Mutual is creating an opportunity for young people,” she said.
Old Mutual Group Chief Executive Officer, Mr Samuel Matsekete said the launch of the hub indicates an important element for the company’s development projects thrust.
“Current times are changing very fast, demanding more to be done and achieved in less time,” he said.
Based at 3 Anchor House in Harare, the hub will provide facilities for young entrepreneurs representing various sectors, including insurance technology, financial systems, and the creative sector.
It will also run incubation programmes that help startups to formalise their businesses.
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