DBN Innovation Awards return

The Development Bank of Namibia (DBN) has announced the return of its prestigious Innovation Award after a five-year hiatus, reaffirming its commitment to fostering innovation and economic development.The bank’s chief of marketing and corporate affairs, Jerome Mutumba, said this year’s winning project will receive a funding boost of N$400 000.Mutumba highlighted that innovation often requires substantial financial support to transition from concept to operational reality."The financial requirements for establishing an enterprise based on innovation are a significant barrier for many Namibians. The DBN Innovation Award addresses this challenge, providing critical funding to refine feasibility, acquire necessary technology, and ensure operational readiness," he said.Mutumba stressed that introducing new ideas into Namibia’s economic system is crucial to maintaining competitiveness and advancing growth.The revival of the Innovation Award comes with a focus on promoting projects that leverage technology, improve resource efficiency or enhance productivity in key sectors such as manufacturing, agri-processing, and renewable energy.

DBN Innovation Awards return

Comments

Namibian Sun 2025-03-19

Please login to leave a comment

DBN Innovation Awards return

Comments

Namibian Sun 2025-03-19

Please login to leave a comment

Login