The Ministry of Labor & Skills and the Ministry of Innovation & Technology, in collaboration with the Entrepreneurship Development Institute, UNDP, and KOICA, have unveiled the Next Ethiopian Startup (NEST) initiative, a concentrated national startup ecosystem development effort that aims to support and empower startups as a key driver of Ethiopia’s economy.

The NEST initiative, launched today, October 23, 2023, in the presence of Deputy Prime Minister and Foreign Minister Demeke Mekonnen and other key stakeholders, seeks to reward risk-taking behaviors, and establish a supportive environment for innovation at every stage of its lifecycle.

According to a press release received by Shega, NEST is set for nationwide implementation, spanning federal, regional, city, and woreda levels and is built on four pillars.

Through its first pillar, National Interaction, Development, and Support Platforms, NEST will focus on organizing conferences, workshops, exhibitions, and international events…

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