{"id":103272,"date":"2024-11-25T12:03:27","date_gmt":"2024-11-25T12:03:27","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/index.php\/2024\/11\/25\/ruto-urges-universities-to-devise-innovative-ways-of-raising-funds\/"},"modified":"2024-11-25T12:03:27","modified_gmt":"2024-11-25T12:03:27","slug":"ruto-urges-universities-to-devise-innovative-ways-of-raising-funds","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/ruto-urges-universities-to-devise-innovative-ways-of-raising-funds\/","title":{"rendered":"Ruto urges Universities to devise innovative ways of raising funds"},"content":{"rendered":"

NAIROBI, Kenya, Nov 25 \u2013 President William Ruto has challenged universities to devise innovative ways of raising funds for training, research and development.<\/strong><\/p>\n

The President urged university leadership to think \u201coutside the box\u201d and build partnerships with the private sector to unlock opportunities in the education sector.<\/p>\n

Additionally, he said universities must also consider monetising their assets, including research.<\/p>\n

\u201cThrough Public-Private Partnerships, we can unlock the tremendous potential that exists in the assets we have in our universities,\u201d he said.<\/p>\n

The President made the remarks during the launch of the University of Nairobi\u2019s Silicon Savannah Innovation Park at State House, Nairobi.<\/p>\n

The innovation park is a \u20ac35 million (KSh4.7 billion) investment by the Government of France.<\/p>\n

\u201cI take this opportunity to appreciate the generous support of our partners, especially the Government of France, whose investment has made this historic moment possible,\u201d he said.<\/p>\n

President Ruto pointed out that the innovation park positions Kenya as a global hub for technology and innovation, adding that Kenya is keen to actively participate in the 5th Industrial Revolution.<\/p>\n

\u201cThe Silicon Savannah Innovation Park is more than an infrastructure project; it is an investment in our people, our future, and our global standing,\u201d he said.<\/p>\n

He noted that this transformative initiative aligns with the government\u2019s digital jobs agenda, aiming to combat unemployment and drive inclusive economic growth by equipping youth with the skills and tools to thrive in emerging industries.<\/p>\n

\u201cThe park also serves as a model for transforming our natural and human potential into tangible prosperity, channelling youthful energy into enterprise and turning dreams into lived experiences,\u201d he said.<\/p>\n

President Ruto emphasised that the park\u2019s focus on critical fields such as green technologies, artificial intelligence and climate resilience underscores Kenya\u2019s commitment to contributing boldly to global efforts addressing the most urgent challenges of our time.<\/p>\n

The President appealed to the youth to seize the opportunities offered by the Silicon Savannah Innovation Park to shape the future of Kenya\u2019s digital economy.<\/p>\n

\u201cI also have a message to the youth of Kenya: Your government is shaping the future, working for you and delivering opportunities for you to learn, work, create and innovate a path to the future for yourselves and for Kenya,\u201d he said.<\/p>\n

He also highlighted the government\u2019s intentional approach to job creation, citing the establishment of ICT hubs in every ward, the affordable housing programme and the export of labour.<\/p>\n

\u201cWe have made a conscious decision to create infrastructure to support ICT hubs and ensure youth participation in digital jobs,\u201d he added.<\/p>\n

Leaders present at the event were Education Cabinet Secretary Julius Ogamba, French Minister of State for Francophonie and International Partnerships Thani Mohamed Soilihi, and University of Nairobi Chancellor Patrick Verkooijen.<\/p>\n

Mr Ogamba said the park will consolidate the university\u2019s position as a leading incubator and home of entrepreneurship.<\/p>\n

\u201cIt will provide students with early-stage exposure to entrepreneurial skills by offering a single location for setting up businesses, working and creating networks and linkages among innovators, investors and technical partners,\u201d he said.<\/p>\n

Professor Verkooijen said the park will support many students in developing home-grown digital AI solutions and creating jobs.<\/p>\n

\u201cThis innovation park will be a transmission belt for tech start ups to populate the Konza Technopolis,\u201d he said.<\/p>\n

He added that the park was made possible thanks to the government\u2019s Bottom-Up Economic Transformation Agenda.<\/p>\n

Mr Soilihi stated that France is honoured to contribute to the development of higher education and engineering sciences in Kenya and the region.<\/p>\n

\u201cThe aim is to train the next generation of engineers and scientists to drive Kenya\u2019s development agenda in the country and beyond,\u201d he said.<\/p>","protected":false},"excerpt":{"rendered":"

NAIROBI, Kenya, Nov 25 \u2013 President William Ruto has challenged universities to devise innovative ways of raising funds for training, research and development. The President urged university leadership to think \u201coutside the box\u201d and build partnerships with the private sector to unlock opportunities in the education sector. Additionally, he said universities must also consider monetising […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-103272","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/103272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=103272"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/103272\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=103272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=103272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=103272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}