We believe that the surest way for Africa to move from aid dependency is through innovation and entrepreneurship.
There is no lack of ideas in Africa, only the funds to support them. With Africa’s large and talented youth population and researchers coming up with solutions every day that leapfrog currently accessible solutions from the West, Africa is poised to capitalize on its remarkable economic growth.
All factors point towards innovation leading this movement forward. But if we do not invest in innovation and create multi-sectorial funding models that bring the private and public sector together to develop the continent’s brightest ideas into marketable solutions, we will not only fall short of the Millennium Development Goals, but the continent’s growth will be stunted.
The African Innovation Foundation continues to encourage and celebrate innovation and entrepreneurship on the continent, with our Innovation Prize for Africa for innovators who create sustainable, market-oriented solutions that can drive the continent’s development forward.
We would like to get your views on innovation, entrepreneurship and how best to promote it in Africa.
Question 1: What do you see as the role of innovation and entrepreneurship in addressing African socio-economic challenges and contributing to sustainable growth?
Question 2: How can we promote innovation by Africans for Africa?
Question 3: How can we encourage the private and public sector to work together to fund innovation by Africans?