Kenyan billionaire Manu Chandaria has partnered with KCA University to establish a Sh20 million ($150,000) incubation and innovation centre in Nairobi.
The Chandaria Business Incubation and Innovation Centre will provide students with mentorship, entrepreneurship training, and access to early-stage funding opportunities to turn their ideas into businesses.
The centre, located on the sixth floor of KCA University’s multi-level academic complex, aims to encourage students to think beyond traditional employment and build enterprises, aligning with Kenya’s Vision 2030 development agenda.
It will also support intellectual property protection, ensuring innovators retain value from their creations.
Chandaria, a trustee of the Chandaria Foundation, emphasized the importance of youth empowerment, stating that entrepreneurship and innovation are crucial for long-term development.
KCA University Vice Chancellor Prof. Isaiah I. C. Wakindiki said the partnership strengthens the institution’s ambition to become a leading hub for research, innovation, and incubation.
