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{
    "id": 705363,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/705363/?format=api",
    "text_counter": 56,
    "type": "speech",
    "speaker_name": "Hon. Mwaura",
    "speaker_title": "",
    "speaker": {
        "id": 13129,
        "legal_name": "Isaac Maigua Mwaura",
        "slug": "isaac-mwaura"
    },
    "content": "As Parliament, we owe it to our young people to ensure that we provide them with an avenue where they can become rich and an avenue where they can be independent. We should provide them with an avenue where they can be self employed and contribute to national development. My Motion seeks to create an innovation fund. One would ask: “Why an innovation fund?” It is because we have so many other funds that are not speaking to the realities of young innovators. Young innovators must be seen as such; as people who have noble ideas, people who are experimenting with their brains, people who have some sense of imagination that would go ahead to solve problems that bedevil our people on a daily basis. This innovation fund should be tied around the issue of research. It should be well capacitated. It should also be very well distributed. The challenges we currently have with the Youth Enterprise Development Fund is that you require a lot of paperwork just to get some Kshs50,000. It does not encourage young people to come with fresh ideas when they do not have collateral. What collateral would an innovator of a battery charger, for example, have? These are poor people. So, we need to address some of these things by having a regime that is encouraging. This has been done elsewhere. Within India, you just need to show your certificates as evidence of what you have studied and the innovation you have and then you are given startup capital. Then you are monitored. That is why in the field of Information Technology (IT), for example, India has progressed. That is why India is today the hospital of the world. We must ask ourselves what The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}