THE government is set to officially launch a loan fund with a starting capital of 2.3bn/- for the commercialisation and progress of innovations developed by young graduates.

Prof. Adolf Mkenda, the Education, Science and Technology minister said here yesterday that President Samia Suluhu Hassan is expected to officially launch the fund and present a cheque for 6.3bn/- to 19 researchers working on climate change solutions, including innovations in clean cooking energy.

The new initiative seeks to foster the growth of locally driven innovations across various sectors, he said, outlining preparations for the 9th national conference on science, technology and innovation organized by the Tanzania Commission for Science and Technology (COSTECH).

At the conference set for December 2 to 4 in Dar es Salaam, the president will present prizes to scientists and innovators whose work has significantly contributed to social and economic transformation, locally and outside.

This year’s conference will focus on the role of science, technology and innovation in addressing climate change challenges and contributing to developing a competitive national economy.

The conference is expected to generate valuable policy and professional contributions that will help strengthen national strategies, foster collaboration among public institutions, the private sector and development partners, he stated.

The government hopes to leverage the conference outcomes to enhance the country’s approach to advancing science, technology and innovation (STI) as key drivers of economic growth and improved quality of life generally.

The minister praised the organizing committee, citing the crucial role of linking innovation to climate change in Tanzania’s journey toward becoming a nation anchored in science, technology and innovation.

Dr Amos Nungu, the COSTECH director general, noted that the conference is meant to bring together various stakeholders to discuss pertinent issues in science and technology, while showcasing the work of Tanzanian innovators.

The launch of new national innovation guidelines on October 4 was designed to enhance chances of support to all types of innovation, as the guidelines include a newly introduced curriculum to support talented students from the grassroots level.

It will provide them with direct pathways into technical education and skills development, he asserted, underlining the commission’s appreciation for the government and various stakeholders supporting the transformation of science, technology and innovation.

Dr Caroline Nombo, the permanent secretary, shared an update that a special committee has been tasked with reviewing the country’s 1996 science and technology policy, stressing that given the rapid advancements in science and technology, there is an acute need to update the policy to reflect current realities.

She mentioned that the ministry is gathering input from various groups to help shape a broader national conference in the future, focusing on key themes to be integrated into the revised policy.

Omary Kipanga, the deputy minister, urged wider public participation in the upcoming conference, appealing to sharing ideas, engaging with new innovations and learning from creative solutions presented during the event.