Exciting times for start-ups
10 October 2019 | Business
The centre is a Namibian-German technical cooperation project for sustainable economic development, implemented by the Ministry of Industrialisation, Trade and SME Development and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). The land on which the centre will be built, was made available by the City of Windhoek.
Once complete, the centre will incubate start-ups and serve as a “one-stop-shop” for all the needs a new business faces in its ideation, establishment and growth phases. In addition, mobile outreach units will serve start-ups in three regions in Namibia.
A contractor selected through an international tender will run the centre as an independent entity based on a sustainable business model.
The centre will house a co-working space, where start-ups can rent affordable office space at flexible conditions.
It is hoped that it will nurture an inclusive community of entrepreneurs that will support and learn from each other. In addition, a so-called maker-space will offer opportunities for start-ups to build, experiment and prototype with both traditional and new technologies.
Nina Maritz is the lead architect on the project, and with her sound expertise and long experience in sustainable architecture, the centre will live and breathe innovation with eco-friendly and recycled building materials, self-sufficient power systems and water-saving measures.
The centre will open its doors to the public in June next year. Until the end of the project, it will support the founding of a minimum of 150 start-ups and assist a further 500 founders to establish their business through various support programmes.