While some African countries are still stuck in turmoils, African tech darling Rwanda continues to make strides to propel its people into the future.

On Wednesday, June 13, 2018, the country launched its National Research and Innovation Fund that to provide funding to competent, innovative papers in the areas of Science and Technology.

Story from Face 2 Face Africa.  Story by Bridget Boakye,

According to local reports, Rwandan researchers, especially young innovators, have started submitting proposals for their innovative projects to get funding.

“The fund will provide equity financing for tech-enabled small and medium-size enterprises, train tech-oriented entrepreneurs in business planning and management, and increase awareness and sensitization with respect to intellectual property rights,” the finance and economic planning ministry said.

The fund will also provide institutional growth capital and deep business support in an effort to invest in and develop world-class innovative businesses in Rwanda and the wider East African region.

According to the country’s Prime Minister Édouard Ngirente, “the National Research and Innovation Fund launched today will serve as a major research funding vehicle through which Rwanda will support research and research-based innovation activities.”

“The rationale behind, is to address key needs and tap into identified opportunities towards national growth and competitiveness,” he explains.

Read more at Face 2 Face Africa.