Funding of 4.6bn/- for Local Researchers and Start-ups through the Samia Commercialisation Fund
Latest Tanzania business news · Funding of 4.6bn/- for Local Researchers and Start-ups… explained · updated Aug 4, 2026 · business news · companies · investment
TLDR
- He made the remarks at the ongoing 2026 National and International Nane Nane Exhibition at the Dr John Samuel Malecela Grounds in Dodoma, where he also highlighted the role of the Samia Commercialisation Fund in helping.
- Therefore, when we fund research, we are not simply spending money on research under Vision 2050.
- The Samia Commercialisation Fund provides financial support of 4.6bn/- to help local researchers, young people, start-ups and content creators transform research and technological ideas into market-ready products.
- As COSTECH marks 40 years since its establishment, Dr Nungu said the institution has funded numerous research projects, with more than 100bn/- invested in research and innovation in general.
- He said Tanzania’s decision to establish the Samia Commercialisation Fund has boosted the confidence of researchers and innovators, enabling their research findings and innovations to reach the market and contribute.