The center was designed to support young entrepreneurs through capacity building and research excellence.
It will be a site for the development of functional and problem solving technological innovations.
The opening of the center is expected to modernize various sectors and facilitate the transition to digital economy.
It would also help to save both time and money by replacing human labor with technologies.
The establishment of the center was approved by the Council of Minister early this year.
The Prime Minister seized the opportunity to caution all Ethiopians locally and abroad to not be tools of money laundering.
“Amidst a period of currency change, I call upon all Ethiopia loving Diaspora to use appropriate channels of remittance to ensure that you’re not a channel for illicit currency transfers,” he said.
Last Monday, Ethiopia introduced new banknotes that have enhanced security features and other distinctive elements.
The new banknotes replace the birr 10, 50, and 100 notes while an additional birr 200 note has also been unveiled.