Local innovation drives socio-economic progress – MInT Minister

Addis Ababa, December 2, 2024 (FBC) – Ethiopia’s Minister of Innovation and Technology (MInT), Belete Molla, underscores the importance of harnessing local technological capabilities for socio-economic transformation and international collaborations.

Minister Belete made these remarks during the inauguration of the first-ever Greater Fair for Endogenous Technology organized by the Organization of Southern Cooperation (OSC) and the Ministry.

He emphasized that this approach is seen as a key driver of the country’s socio-economic progress.

“This is a pivotal moment for the Global South,” declared the minister, at the opening of the Greater Fair for Endogenous Technology.

The two-day event being held at the Science Museum showcases 41 innovative startups and technologies from 14 countries.

He emphasized the importance of such initiatives in driving socio-economic change and fostering a culture of innovation.

The Minister drew attention to Ethiopia’s practical experience with the potential of endogenous innovation to drive transformative change, emphasizing the ministry’s sustained efforts to foster an ecosystem that nurtures homegrown ideas and recognized the crucial contribution of the partnership with OSC to this endeavor.

“Our partnership with the OSC has opened new frontiers, focusing on the aspirations and needs of our communities,” Belete stated. “Together, we’re demonstrating the power of technological innovation to uplift the Global South.”

He underscored the importance of harnessing local knowledge and challenges to develop sustainable, inclusive solutions and urging attendees to engage in discussions, explore partnerships, and contribute to building a thriving innovation ecosystem.

“Let’s dare, together, to create a future defined by inclusion, innovation, and shared prosperity,” Belete added.

Reflecting on the recent OSC General Assembly, Secretary-General Manssour Bin Mussallam highlighted the adoption of a common program for the next two years, focusing on open-source software, South-South technology transfers, and fostering environments for endogenous technology development.

“Our program recognizes that bridging the tech divide goes beyond donations or costly imports. We must build technologies that are adaptable to our needs and integrated into our systems,” he explained.

The Secretary-General underscored the significance of South-South cooperation and resource mobilization in stimulating youth innovation and economic development.

He noted that endogenous technologies, rooted in local needs and capabilities, are well-aligned with collective goals and strategies, as per ENA. The fair exemplifies the potential of these technologies to catalyze socio-economic transformation, particularly in South-South countries.