CENTRAL AFRICA: INNOVATION ECOSYSTEM
Population of 4.8Million approx. with 9 countries (DR Congo, Equatorial Guinea, Angola, Cameroon, Chad, Congo, Central African Republic, Gabon, Sao Tome & Principe) – This region covers the equator and contains the Congo Basin, with the second largest rainforest in the world. Oil is a leading export of the region.
The major goals of the innovation economy of the Central Africa region are to accelerate sustainable socio-economic growth and to gainfully engage its youthful energies as Afrinnovators for inventions, innovations, entrepreneurship, research and development in all works of life.
To successfully drive socio-economic growth of the African region, the impact and value realization of regional innovation programs and initiatives have to be assessed beyond perception and media news to using verifiable, demonstrable, on-the-ground facts and data built on tested and advanced innovation metrics. The combination of evidence-based, data-driven and system-oriented approach is key for sustainable value realization. The development of these regions through innovation would require tight integration of innovation management and impact measurement with governance, education, entrepreneurship and the society.
For global competitiveness, many nations are moving away from an industrial model of production towards a knowledge-based economy, therefore economics of innovation has become more and more relevant as it aims for rapid development and commercialization of ideas, open innovation, and how to facilitate forward-thinking policies which will create efficient innovation ecosystem for sustainable growth and profitability.
Afrinnovation helps governments, international agencies, businesses, academia, entrepreneurs and professional by using the unique approach of the combination of evidence-based, data-driven and system-oriented methodologies for sustainable value realization in the region.
Moreover, this approach would gauge impact and growth of regional innovation beyond assumption and perception, by engaging the use of verifiable and demonstrable on-the-ground facts and credible data with the aid of novel innovation management platforms that are AI-powered like Innovation360’s Innosurvey, Ideation360, PESTLED360, Scenario360 etc.
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