Makerere University Business School(MUBS) has signed a Memorandum of Understanding with Mount Kenya University(MKU) to improve on startups by students and staff.
Interested academicians from the two Universities will submit-in their business proposals and the best 50 will go in for a contest.
Over ten groups will be formed consisting of 25 member from each University. The winner will then walk away with sh200,000 and have their ideas built to the final stage.
During a Students Training for Entrepreneurial Promotion (STEP) ceremony, the MKU Vice Chancellor, Prof. Stanley Waudo said members from Kenya will travel to Uganda for a three-days training and also mix-up with Ugandans to form indigenous teams.
“The new joint initiative currently covers Kenya and Uganda but will soon be expanded to target innovators and entrepreneurs from the entire East African region,