African Therapeutic Drug Monitoring | 18 May 2009
Entrepreneurship Ecosystems and Innovation Hubs in East Africa: A Ghanaian Perspective
K, o, f, i, K, w, a, m, e, ,, Y, a, w, G, y, a, m, f, i, ,, A, m, m, a, O, s, e, i, ,, E, s, i, A, f, r, i, k, a
Abstract
Entrepreneurship ecosystems in East Africa have emerged as critical drivers of economic growth and innovation. The research employs a qualitative approach involving semi-structured interviews with key stakeholders from various sectors including government agencies, academic institutions, and private sector entities. A notable finding is the significant increase (35%) in venture capital investments into start-ups within these ecosystems over the past three years. The study concludes that effective collaboration between public and private sectors is essential for fostering a robust entrepreneurship ecosystem in Ghana. Policy makers are advised to implement incentives that encourage more funding from both government and non-government sources towards innovation hubs.