Business 9 November 2026 Daily Monitor (Uganda)
Ugandan Startups Need Beyond Capital, Says Innovation Expert Ruge
As the government works on a new startup policy, local innovators emphasize that financial backing alone is insufficient for sustainable business growth. Source: https://www.monitor.co.ug/uganda/business/prosper/ruge-uganda-s-startups-need-more-than-money-5663876
The conversation surrounding Uganda’s entrepreneurial ecosystem is shifting. While financial investments remain a critical component for new businesses, industry experts argue that cash injections alone cannot guarantee success in the competitive market.
Innovators across the country are calling for a more holistic approach to business growth. This includes robust mentorship programs, streamlined regulatory frameworks, and better access to strategic networking opportunities that can help turn raw ideas into scalable enterprises.
Although the government has indicated that a dedicated national startup policy is currently in the works, stakeholders emphasize the urgency of implementing supportive measures. Without comprehensive infrastructure and institutional backing, young companies often struggle to navigate operational challenges.
Experts stress that sustainable ecosystem development requires public-private collaboration. By focusing on capacity building alongside funding, Uganda can foster a thriving environment where startups do not just survive, but truly innovate and scale.
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