Browsing: African Innovation Foundation

• Innovation is the route to business, company, industry and national success story.
• To realize this success, however, governments must create policies that encourage and support innovation at scale.
• For Africa, the jury is still out on the role of governments in driving innovation.

From the developed to emerging to the underdeveloped economies, one thing that policymakers agree is that innovation drives industrial and therefore national progress. It creates opportunity for individuals and investors, grows businesses, and powers a nation’s development agenda. For these reasons, policymakers are advised to place emphasis on innovation.

Matt Banholzer, an economics researcher and author of How innovation can accelerate industry momentum report explains that while macroeconomics concept of development correctly looks at the economy as a whole, policymakers must not be naïve to think policies of the ‘whole’ will foster development of the individual and vice vasa.

The researcher is of the view that policymakers, …