Nairobi — “Innovation” – promoted as a way to find solutions to social and economic challenges – has joined “entrepreneurship” as a focus of philanthropies, governments and businesses.
One of the organizations championing innovative approaches to Africa’s problems is the African Innovation Foundation launched by private equity investors, entrepreneurs, scholars and diplomats. Ambassador Walter Fust, a former director general of the Swiss Agency for Development Cooperation, chairs its board of directors.
The foundation is inviting entries for its second annual Innovation Prize for Africa in partnership with the United Nations Economic Commission for Africa. Prizes totaling U.S. $150,000 will be awarded for ideas that promise sustainable economic development and encourage an interest in science, technology and engineering among young African men and women.
African Innovation Foundation co-founder Jean-Claude Bastos de Morais, a Swiss entrepreneur and equity investor with strong African ties, talked to AllAfrica’s Lauren Everitt about the prize and its purpose. They sat down together in Nairobi and followed up the conversation by email.
Read more at AfricanLiberty.org