Welcome to the National Commission for Research, Science and Technology.
Fostering Excellence through Knowledge and Innovation
"As we go forward, we will seek to be transactional in maintaining and strengthening the governance architecture, but we will also be transformational as we prepare the citizens for the new economy that requires the development of new parameters in education, innovation, and enterprise", - His Excellency, Dr Hage Geingob, President of the Republic of Namibia
This morning (09 April 2018) the National Commission on Research, Science and Technology (NCRST) signed a monumental 3-year agreement with one of A
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The National Commission on Research, Science and Technology (NCRST) and the SME Bank Limited (SME Bank) has partnered today to support Namibia’s SME Sector through the intensification of research, development, mentorship and business development support. The two organizations formalized their partnership today with a signing of a memorandum of understanding with a view to increase the participation of SMEs in the formal economy.
The collaboration between NCRST and SME Bank recognizes the need to engage and collaborate, and will bridge the existing gap being experienced by SMEs in turning their ideas and proposals into bankable businesses and enterprises that can be funded by commercial banks.
“Our approach will be deliberate to support the Government’s strategic intent to develop and harness human resource capacity, to contribute towards employment creation and SME driven economic growth, propelled by the youth. In this regards, we believe both the NCRST and SME Bank have a role to play to contribute to the sub-pillar of Youth Enterprise Development under the Harambee Prosperity Plan”, said Dr Eino Mvula, CEO of the NCRST.
With the agreement now in place, the activities to be supported will include the promotion and implementation of the following programmes: an Entrepreneurship Development Programme; a Business Linkages Programme which links SMEs to large corporate/commercial companies to further their growth and development; the up-scaling of NCRST funded innovation projects that demonstrate potential for growth; a programme that bridges support for SME Bank applicants to enhance their bankability through Research and Development; and any other strategic Flagship Programme as agreed upon by the two institutions.
Implementation of the activities will be undertaken through a Joint Technical Committee comprising representatives from both institutions. The Entrepreneurship Development Programme will be launched in early August 2016.