Vice-Chancellor Research and Innovation Grant
To confer greater impetus to research activities, the University management has established the Vice-Chancellor Research and Innovation Grant, an annual KShs 10 million, an internal grant which has to date benefited 60 researchers. It is noteworthy that all research and innovation activities at the University are anchored by various road map and policy documents including the Research Policy, Institutional Linkages Policy, the Intellectual property Policy, and the University 7-year Strategic Plan.
Chairman’s Innovation and Enterprise Award (CIEA)
In recognition of the fact that innovation is a laborious and time-consuming process, the University Board of Trustees has established The Chairman’s Innovation Award (CIA) that recognizes outstanding innovators as an incentive and a gesture of appreciation for their altruism. In every year’s graduation, the University awards the best innovation through the CIA.
Mount Kenya University Mentorship, Innovation and Enterprise Fund (MIEF)
The University is concerned that start-up businesses by young graduate entrepreneurs cannot secure start-up capital for their businesses since they do not meet financing requirements by most financial institutions in Kenya such as collateral. This, coupled with success stories of previous beneficiaries of the university support, has prompted the University to establish a Kshs 40 million Mentorship, Innovation and Enterprise Fund (MIEF) to finance innovators/entrepreneurs under the MKU Enterprise Academy™. Each year, the fund will finance 10 graduates with promising innovations/business ideas to the tune of Kshs 800,000. To protect the intellectual rights of the individual, that of the University and any collaborating entity, it is noteworthy that the University had formulated the Intellectual Property Policy to provide the necessary protections and incentives to encourage both the discovery and development of new knowledge and its subsequent exploitation for the socioeconomic development of the Kenyan people and the region in line with the objects of Vision 2030.
The ultimate aim is to transform MIEF into a Revolving Fund, bringing together various stakeholders, both public and private, to support young innovators and entrepreneurs so as to transform them from job seekers to job creators. Mount Kenya is indeed committed to “Creating an Enterprising Society”.