KQ AND STRATHMORE UNIVERSITY PARTNER TO SUPPORT INNOVATIVE BUSINESS SOLUTIONS BY YOUNG PEOPLE

KQ MOU Signing Lto R Grace Vihenda Innovation Hub Lead KQ,Mr. Julius Thairu- Ag. Chief Commercial & Customer Officer at KQ,Dr. Joseph Sevilla- Director iBizAfrica- Strathmore Univeristy and Linda Kwamboka iB

By Sofia Ali

KQ AND STRATHMORE UNIVERSITY PARTNER TO SUPPORT INNOVATIVE BUSINESS SOLUTIONS BY YOUNG PEOPLE

  • Partnership aims to resolve specific problems that affect businesses.
  • Provide academic and technical guidance around accuracy of innovation and entrepreneurial information.
  • Identify local and regional talent that may exist within the broader youth community and StartUp ecosystem.

Nairobi – Wednesday 17th November 2021– National carrier Kenya Airways (KQ) and @iBizAfrica Incubation Centre Strathmore University Partner for the KQ’s Fahari Innovation Challenge to create opportunities for the youth and use tech innovations to resolve specific problems that affect businesses. The two organisations will provide technical guidance around accuracy of innovation and entrepreneurial information. KQ will provide internship opportunities to both undergraduate and post graduate students within the university and collaborate in research projects as well as co creation with Startups and SME’s within the Centre.

African economies have been under increasing socioeconomic pressure due to diminishing resources, unemployment, changing demographic trends, rising demand for goods and services, and emerging sustainability and security concerns. 

African governments, industry players and education institutions have been exploring research and innovation as an engine for stimulating growth in line with Sustainable Development Goal 9, which underscores the importance of fostering innovation and investment in Research and Development to address these challenges.

Speaking during the MoU signing ceremony Dr. Joseph Sevilla- Director @iBizAfrica Incubation Centre said, “Our partnership with KQ for the second time is an indication of our dedication towards supporting the youth and businesses. As a Centre that will soon be celebrating a decade of existence, we look forward to assist KQ in identifying local and regional talent that may exist within the broader youth community and Start Up ecosystem. This partnership will aid young entrepreneurs better understand the aviation industry and bring about creative ideas or solve problems that businesses may experience.”

Through capacity building forums, training, and initiatives such as the Kenya Airways innovation challenge in collaboration with @iBizAfrica, Qhala, and SNDBX, many entrepreneurs have an opportunity to grow their startups to contribute to economic growth and address the challenge of unemployment.

Mr. Julius Thairu-Ag. Chief Commercial & Customer Officer at Kenya Airways said, “As an Airline collaboration is in the heart of what we do and this partnership with @iBizAfrica in the education sector is a great step towards making an impact in the ecosystem. Academic organizations and institutions are critical when it comes to developing talent. We have to be innovative and do things differently because customer needs and wants are constantly shifting and changing and institutions are constantly providing us with different views of doing things differently.”

“As we progress we look forward to partner in developing students capacity in areas such as design challenge as well as in skills and leadership areas that will benefit both organizations,” added Mr Thairu.

@iBizAfrica incubation Centre is known for its nurturing environment that builds on the potential of the youth to develop innovative solutions and businesses’ that work for the common good in society. The Incubation Centre has over the years provided over 400 startup companies with training, advisory, mentorship, coaching, networking opportunities, access to seed capital and investors.

Audiences for the KQ Innovation Challenge are innovative individuals or companies that can create solutions that can interface with the aviation industry from the identified angles of the organizational spectrum. Eligibility is open to all, including individuals, partnerships and corporations that serve or would like to serve the aviation enterprise or industry.

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@iBizAfrica is the business incubator of Strathmore University, a leading private University in Kenya. The incubator since 2012 provides a nurturing environment that builds on the potential of the youth to develop innovative solutions and businesses that work for the common good in society. @iBizAfrica over the years has provided over 400 startup companies with training, advisory, mentorship, coaching, networking opportunities, access to seed capital and investors. 

We prepare startups to be investor-ready and launch into the market through our custom incubation and acceleration programs. 

For more information, please visit www.ibizafrica.co.ke 

About the KQ Innovation Challenge

The Kenya Airways’ Fahari Innovation Hub is a springboard for new ideas and innovation that will help Kenya Airways and our society face our current and future challenges, to the benefit of both the national carrier and country. Kenya Airways is an innovative, forward-looking and responsible company with an inclusive agenda of empowering, partnering and co-creating with the local Start-ups & SMEs ecosystem; thus, contributing to the sustainable development of Africa.

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