A practical guide to facilitating investors’ access to Ekiti State’s innovation ecosystem
To reiterate its commitment to strengthening the local innovation ecosystem, Innovate UK Global Alliance Africa, in partnership with Briter Bridges, developed the Ekiti Investment Guide – a practical tool offering guidance for investors looking to invest in the local ecosystem.
Background
Ekiti State has gained recognition as the centre for talent in academia and is gaining traction as a hotspot for innovators and investors. With an established innovation Ministry, burgeoning talent pool, unexplored market opportunities, and unwavering government support, it is poised to become a key player in the country’s future innovation landscape. To reiterate its commitment to strengthening the local innovation ecosystem, Innovate UK Global Alliance Africa, in partnership with Briter Bridges, developed the Ekiti Investment Guide – a practical tool offering guidance for investors looking to invest in the local ecosystem.
To mitigate the investment risks in Ekiti State and accelerate its rise as an innovation ecosystem of the future in Nigeria, Global Alliance Africa and Briter Bridges created the Ekiti Investment Guide, aimed at showcasing Ekiti State’s innovation ecosystem potential and offering guidance for investors looking to get connected with the local ecosystem. Designed to equip investors with the information needed to start navigating the Ekiti State ecosystem, the investment guide identifies if, where and how different stakeholders can invest in Ekiti State’s innovation ecosystem.
Abstract
One of Ekiti State’s key assets is its young and educated population. The state is renowned for quality education and distinguished scholars. In 2023, almost 6000 students graduated from Ekiti State University, 79 of whom received first-class degrees. Increasingly, state government and development funders are supporting innovation hubs that are emerging to capture and retain this talent in Ekiti State building a strong talent pipeline for the future. This is already evident in the more than 16 startups that are emerging out of these hubs cutting across sectors ranging from health and education to agriculture and mining.
About Innovate UK Global Alliance Africa
Global Alliance Africa is a six-year project funded by UK International Development through Innovate UK (GCRF) and the Foreign, Commonwealth and Development Office (FCDO).
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Related programmes
Global Alliance Africa
This Innovate UK Global Alliance Africa 6-year (2019-2025) project funded by UK International Development aims to build new and stronger UK-African partnerships to maximise the creation of inclusive market access, funding and investment opportunities through innovation knowledge transfer between the UK, Kenya, Nigeria and South Africa.
Place-Based Innovation
Much of the current support and investment in innovation in our partner countries of Nigeria, South Africa and Kenya has concentrated on particular urban centres. However, pan-African and many African national innovation strategies cite regional self-sufficiency and resilience as a top priority.