OyOsMusic nominated for POTRAZ Innovation Fund
OyOsMusic has been nominated to for the Postal Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) fund on the 14th of March at Harare International Conference Centre (HICC), Harare, a move which shows that the company is moving towards the right direction.
Earlier this week OyOsMusic won the Online Store of the Year Award at The Zimbabwe Leadership Awards (ZILA) held in Harare.
President Emerson Mnangagwa will be at hand to launch the Zimbabwe ICT Drive at the HICC. The minister of ICT and Cyber Security, Supa Mandiwanzira, will also be in attendance.
The Ministry of ICT, Postal and Courier Services and POTRAZ, supported by the postal and telecommunication services sector are invited ICT Innovators, Start-Ups and Entrepreneurs to apply for funding in the form of loans, under the ICT Innovation Drive Project last year.
The Innovation Drive Project is a brainchild of the Ministry of ICT, Postal and Courier Services and is being implemented by POTRAZ. The project aims at promoting a culture of creativity and innovation among Zimbabweans, with the aim of creating employment through the development of local ICT applications, hardware and related innovations which are rooted in the realities of Zimbabwe.
According to the definition of ICT innovation, OyOsMusic is an ICT service with unique features that are successfully implemented to address a current need in a new/better way or to satisfy a newly created demand when deployed.
Successful innovators will secure a loan which will be offered on 36-month tenure. Repayments will be done in line with cash flow projections through monthly instalments.
New projects will be granted a 12 month grace period to commence repayment of the loan. Operational innovations will be granted 6 months grace period to commence repayment of a loan.