This year’s African Innovation Week, formally launched on Thursday in the Ethiopian capital Addis Ababa, envisages creating a platform where young innovators and venture capitalists meet.
“There is a missing link in which investors can be encouraged to support young innovators,” said former Ethiopian Prime Minister Hailemariam Desalegn, speaking at the formal launch of the event.
“African Innovation Week is one of the most significant undertakings in Africa where 70 percent of the population is less than 30 years of age,” said Desalegn, also the patron of Independent Business Accelerator, a co-organizer of the event.
“Innovative minds of our youth should be nurtured,” he said adding that the continent boasts “brilliant minds”.
We are building a common platform to bring together innovators, angel investers, intellectuals and policy makers from all over the Africa.See this 39 sec video and find out what Ashenafi Mulugeta, managing director of IBA Ethiopia Center for Innovation says about African Innovation Week-2019.To follow our journey, please like and share African Innovation Week.Video courtesy: Thought Leader Global#Innovation #Africa #BuildingtheFuture #Technology #WomenEmpowerment #Addis #Ethiopia #Investment #Entrepreneurship #Business #Jobs #Impact #AngelInvestment #Angels #StaytunedIndependent Business Accelerator -IBA IBA Ethiopia Center for Innovation Nubia Logistics Solutions ENCC-Ethiopian Norwegian Chamber of Commerce Tøyenkaffe Thought Leader Global Embassy of Ethiopia, Washington, D.C. Embassy of Ethiopia, Sweden Embassy of Ethiopia in Brussels Embassy of Switzerland in Ethiopia Embassy of the Federal Democratic Republic of Ethiopia- New Delhi Ethiopian Airlines BBC News Africa CNN Africa CGTN Africa Royal Norwegian Embassy in Addis Ababa African Union Mester Grønn AS Oslo International Hub Bærum International Hub Business Angels Norway Norwegian-African Business Association (NABA)
Posted by African Innovation Week on Wednesday, 17 July 2019
Responding to a question by Anadolu Agency as to why the African investors keep shying away from supporting young entrepreneurs and innovators, Desalegn said the problem was not the readiness of investors but the absence of the right policy framework.
Africa’s innovators and brilliant minds were going away in the continued “brain drain” through scholarships, he added.
“Innovation has taken a prominent place in agenda 2063 [the continent’s 50-year socio-economic development blueprint],” Rosette Nyirinkindi Katungye, an adviser on regional integration to the African Union Commission, said on the occasion.
“Innovation is a tool by which continent can empower different segments of society,” she said adding that Africa should change the image of being global leader in abandoned human and natural resources.
She also said that the continent was beginning to register improvements in human development and “the gender gap is narrowing down”.
Egil Thorsas, the deputy head of Norwegian mission, said his country “plans to share digital knowledge with partner countries”.
Norway is a major supporter to Africa’s Center of Innovation.
African Innovation Week 2019 is to be celebrated continent-wide on Oct. 28-Nov. 2, and envisages drawing up 4,000+ attendees, 150+ startups and innovators as well as 75+ speakers and panelists.