MoEST emblem

THE MINISTRY OF EDUCATION, SCIENCE AND TECHNOLOGY (MoEST)

TANZANIA COMMISSION FOR SCIENCE AND TECHNOLOGY
(COSTECH)

Government emblem

Quick Facts

Scheme

Credit Guarantee

Open To

Tanzanian Innovation Startups

Funding Type

Credit / Loan Guarantee

Purpose

Market Penetration of Innovations

Organised By

COSTECH / NFAST

CALL FOR APPLICATION — CREDIT GUARANTEE SCHEME

Tanzania Commission for Science and Technology (COSTECH) is a public institution established by an Act of Parliament No. 7 of 1986. Its principal mandate is to advise the Government on matters related to science, technology and innovation in Tanzania. Part V of the Act established the National Fund for the Advancement of Science and Technology (NFAST) with the purpose of financing research and technology development by way of grant or loan.

Download Details and Eligibility

Eligibility Criteria

  • (i) Has Minimum viable product or market fit product for their innovation
  • (ii) A locally registered business entity emanating from innovation or research activities, majority owned by Tanzanian citizens and with main office in the United Republic of Tanzania
  • (iii) Has a viable business dealing with production, processing, manufacturing, technology development or any other identified value addition business, provided that it has undergone a thorough COSTECH and Partner Financial Institution credit assessment and qualifies
  • (iv) The business has a potential of creating employment, generating tax revenue thus contributing to the country's economic growth
  • (v) Can offer any enforceable collateral including personal guarantee and third-party guarantee
  • (vi) Must have positive credit score
  • (vii) Has potential to attract commercial funding once the innovation is de-risked
  • (viii) Has demonstrated traction
Download Application Form

Download the application form, fill as required and submit as a PDF attachment with your online application.


Minimum Viable Product

Has a minimum viable product or market-fit product for their innovation ready for de-risking.

Registered Business

A locally registered business entity, majority-owned by Tanzanian citizens with main office in Tanzania.

Economic Impact

Business has potential to create employment, generate tax revenue, and contribute to economic growth.

Demonstrated Traction

Has demonstrated traction, a positive credit score, and potential to attract commercial funding.

Online Application

Register Here

For More Information

Application Enquiries:
0784247626 (ntufye.mwakigonja@costech.or.tz)
Technical Support:
0717456088 (salum.kulindwa@costech.or.tz)