The emerging innovation ecosystem in Africa is proving to be a critical driver of economic growth both in its role as an innovation enabler for key sectors and its contribution to an inflow of FDI. The last 4 years alone have seen the startup and innovation ecosystem attract over $10.5 Billion in funding to companies focused on building the critical digital infrastructure required to deepen economies across the continent.
While diverse organisations are coming together to strengthen this emerging innovation ecosystem, the Higher Education Institutes in most African countries play little to no role. Globally, the critical contribution of academic institutions has been well documented not only in talent development but also generation of novel ideas to many societal challenges.
We believe HEIs must step up to their critical role if Africaโs innovation ecosystem will transit from large consumers of technology to producers of technological innovations that benefit Africa and the world.