We've reviewed a report by Deloitte discussing issues on how to leverage and protect Africa's innovation for future growth and economic stability. It was highlighted that the traditional focus on exploiting commodities hasn't yielded the redistribution of wealth or improve the standard of living for those working in that sector.
Moreover, over 75% of economic activities happen in the informal sector (Nigeria statistics), which is exposed to the volatility that commodity markets are subjected to, which is detrimental to the impoverished communities. One of the major points which directly relates to our mission objective is the following quote from the report:
"Yet, as much as innovation is important,
there needs to be more focus on the
final outcome of innovative solutions."
In Africa, innovation is part of the daily survival. But it's usually unstructured, very often short-sighted and localized in it's application. Moreover, the growing youth employment at a global level and Africa (which has the youngest population of any continent), requires an urgency in the application of the scalable innovation to improve quality of life. One of the main factors which has the potential to scale innovation at a national level ,is public-private partnerships. This is with specific focus on youth skills development in areas such as: technology research and entrepreneurship. Another quote from the above Deloitte report is:
"On a broader scale, innovation should
include local content and an element of public-private partnerships."
And that's at the core of our business model, whereby we bring our collaborative research with public universities through basic and applied research activities, integrated drone prototypes and transform that innovation into a business case for private companies looking to improve their operations.
Contact us today, we let's see how we can shape Africa's future for the better with our various research and development initiatives.
Paulin Kantue
Co-Founder and Head of Research and Development
Uav4africa (Pty) Ltd
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