Building Innovation Ecosystems | Smarter Planet Blog
The message is clear: CEO Ginni Rometty wants IBM to play an active role in building innovation ecosystems in Africa.
California’s Silicon Valley is the prototype innovation ecosystem. It benefitted from the combination of good universities, entrepreneurial companies, government incentives and robust supplies of venture capital. Many of other places have tried to copy Silicon Valley’s formula—some quite successfully, among them Bangalore, India, and Singapore.
Kenya is among the countries in Africa that have the potential of creating a vibrant innovation ecosystem. Students and entrepreneurs dream of tapping science and technology to solve social and business problems. Universities aim to expand their research and teaching programs in science, math and technology. Business leaders are creating startup incubators to encourage entrepreneurship—places like iHub, FabLab Nairobi and NaiLab