Entrepreneurship has been described as the "capacity and willingness to develop, organise and manage a business venture along with any of its risks in order to make a profit" While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, an economic crisis, lack of market demand—or a combination of all of these.
Tanzanian youth have a reason to smile after Bits and Bytes technology convention initiated a new programme aimed at sensitising them to become entrepreneurs in science and technology.
Bits and Bytes technology convention is an organisation which offers opportunity for participants to discuss best practices and theories on the implementation of innovation-driven development strategies and the importance of innovative talents.
The aim is to enable the youth show the talents they have and link them with local and foreign investors in setting up new business projects through innovative ideas.
Bits and Bytes technology convention co-founder Zuweina Farah revealed recently at a conference which involved youth from Tanzania and speakers from the US, Spain, Ghana, Nairobi, South Africa and Tanzania.
They decided to organise the conference after identifying various talents in Tanzania, where there are limited platforms for them to share the ideas in science and technology.
During the event, participants discussed various issues relating to urban planning with a focus on Dar es Salaam city waste management and the infrastructure it has.
The conference also involved key speakers from different countries including Spain, the US and South Africa.
They also discussed how to use different technologies to treat pain for human beings and right now the US has been successful in using virtual reality gear instead of pain killers or anaesthesia technology for different patients – that is virtual reality.
Virtual reality is a computer-generated simulation of a three-dimensional image or environment that can be interacted within a seemingly real or physical way by a person using special electronic equipment, such as a helmet with a screen inside or gloves fitted with sensors.
The participants made a tour of Muhimbili National Hospital’s Children’s ward where they educate children on how to use the gear while at the hospital, children had a chance to test the gear and were very happy.
After the meeting they were expected to donate virtual reality gear to patients especially children in different hospitals in Dar es Salaam to keep them busy and refresh their minds while at the hospital. The conference had investors from Ghana and the US, and Tanzanian youth who will provide the best business idea would be linked with local and foreign investors who are interested to enter into partnership in doing business together.
The conference was organised by Bits and Bytes Convention and the targeted youth are of 14 years of age and above.