12/06/2026
STEMpower Inc. and EDI Forge Strategic Partnership to Accelerate Ethiopia’s Startup Ecosystem
STEMpower Inc. and the Entrepreneurship Development Institute - Ethiopia (EDI) entered into a historic collaboration through signing a Memorandum of Understanding (MoU), which was centered around the theme "Collaboration on Ethiopian Entrepreneurship Ecosystem Development."
This MoU signing took place as a result of bilateral negotiations conducted by none other than Dr. Simenew Keskes, STEMpower Country Director, and Dr. Hassen Hussien, CEO of EDI, both of whom emphasized their shared determination to convert local grassroots innovations into profitable businesses.
The collaboration of STEMpower and EDI entails a unique combination of expertise held by the latter organization on entrepreneurial capacity building, and the national presence of the former organization through its wide network of Innovation Hubs, STEM Centers, and Digital Fabrication Laboratories (FabLabs).
Through the process of incubation and acceleration through such projects, early-stage founders will be able to directly engage with FabLabs in order to prototype their hardware products quickly. Such expertise is then supplemented by intense business acumen training and mentorship from some of the best experts available to ensure the success of deep tech innovations.
Further, beyond the basic training provided through the partnership, another primary goal of the partnership will be to facilitate access to seed money and growth capital for young firms in close association with venture capitalists, angel investors, and regulatory bodies. Notably, a key aspect of such an initiative will be the inclusion of young people, women, and marginalized populations.
Through such efforts to democratize technology and education, STEMpower and EDI are setting the stage for a self-sustaining entrepreneurial environment across Ethiopia.
www.STEMpower.org