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November 2017

Can Ukraine transform itself into an innovation-driven economy?

Anwar Aridi's picture
What do Igor Sikorsky - the aviation pioneer who designed the first helicopter – and Sergey Korolev – the lead rocket scientist for the Soviet space program that took Sputnik and the first human into space – have in common? They both graduated from Kiev Polytechnic Institute (KPI) in Ukraine.

Ukraine is not a newcomer to the world of science and technology. One positive legacy from the country’s Soviet history is a talented and technically qualified workforce that persists even today. Eighty percent of 19-25 year-old Ukrainians are enrolled in universities, the country has one of the largest pools of IT developers and programmers in the world – 90,000 strong – and its high-skilled diaspora has spread through Europe and North America. As a result, the country has a booming ICT sector, estimated at $2.5 billion in exports in 2015, and is home to globally competitive startups such as Looksery, which was bought by Snapchat for $150 million in 2015, PetCube, and others. On the surface, the country has the ingredients and the potential to be an innovation-driven economy.
 
Kiev, Ukraine - September 30, 2017: Children get acquainted with robotics at the festival of STEM-education

Is crowdfunding the silver bullet to expanding innovation in the developing world?

Qahir Dhanani's picture
What’s holding back innovation in the developing world? Despite great need and great opportunity, investment in innovation is still primarily a developed world phenomenon. Unequal resources and economic returns tend to lead to more investments into minor innovations in the developed world rather than investments into major innovations in the developing world.

How can countries adopt existing technologies to accelerate their development process?

William Maloney's picture
Few people have shaped the way we see the process of economic development as Joseph Schumpeter did. While his theory of economic growth through innovation and creative destruction has been widely disseminated in academic and policy circles, we know less about one critical implication for economic development: the huge potential role of technology adoption.

Data on firms by firms: how companies like Gap could remove investment barriers

Andreja Marusic's picture
To invest or not to invest? When determining whether to enter a new market, businesses must fully understand the potential risks and opportunities. To do so, they need access to information on relevant market players, such as potential suppliers, customers or competitors. While governments require businesses to supply data when registering as well as throughout their operation, these repositories of data held by business registries, tax authorities, statistical offices and other registries are often not updated properly nor are they made available to the general public in a comprehensive way.

The Internet of Things – from hype to reality

Prasanna Lal Das's picture
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Sensors in elevators that alert government agencies to public safety risks; data from school bags to keep children safe; garbage trucks with the smarts to save cities money… The Internet of Things (IoT) will change everything. That is the conventional wisdom. We set out to look for evidence of this change in the government. How fast is it coming? Is it real? And our findings were mixed – sobering, but also encouraging.

On the plus side, we found government agencies keen to apply IoT to improve their business environment or reduce the burden on businesses while simultaneously increasing compliance. On the downside, very few IoT initiatives have been scaled beyond pilots, the business models to sustain IoT infrastructure are under-developed, and the policy landscape is woefully inadequate. There’s significant potential but it requires systematic, informed work by the government, private sector, and civil society.

Can Africa’s tech start-up scene rise to the next level?

Ganesh Rasagam's picture
Pitch competition at the Global Entrepreneurship Congress in Johannesburg. Photo Credit: World Bank


In the decade since mobile money first sparked international interest in African innovation, hundreds of tech hubs have sprung up across the continent; global giants like GE have rushed in to build innovation centers; and the venture capital industry has steadily grown. Nevertheless, the continent’s tech scene continues to face challenges.

The rise of African innovation has inspired thousands of new start-ups, and this trend will continue into the foreseeable future. Existing acceleration programs, however, still leave growth-stage companies in need of additional support to secure investment and scale their businesses across borders. With many of the continent’s acceleration programs lacking in quality, we hoped to introduce an innovative post-acceleration program, XL Africa.

After infoDev launched its mLabs in Kenya, Senegal, and South Africa in 2011, they introduced incubation programs that successfully supported the creation of over 100 start-ups that raised close to $15 million in investments and grant funding, and developed over 500 digital products or services. As these ecosystems and start-ups have matured, more needs to be done to improve the marketability of these companies to global and local investors.

Chocolate innovation: Sweet tooth hackers solve cocoa farmers’ challenges

Katie Nunner's picture

While chocolate is a sweet treat for consumers around the world, its producers face many challenges. Every year, more than five million family farmers in countries like Côte d’Ivoire, Cameroon, Indonesia and Brazil produce about four and a half million tons of cocoa beans, according to the World Cocoa Foundation. Farm-level input providers, financial institutions, chocolate manufacturers, development organizations and more are coming together to create digital solutions to improve access to finance and boost agricultural productivity for a sustainable and climate smart cocoa supply chain. 

Last week, the World Cocoa Foundation’s partnership meeting brought together key stakeholders from small scale farmers to large multinationals including Cargill, Nestle, and Mars, under the theme “Accelerating Sustainability Through Technology and Innovation.”

To spark the industry into further innovation and collaboration, infoDev partnered with the WCF to sponsor the second annual Chocothon, a two-day hackathon where three teams came together to “hack” the cocoa supply chain and generate new creative solutions to the common challenges cocoa farmers and suppliers face. The Future Food Institute, the International Trade Center, and Valrhona, a premium chocolate manufacturer, were all heavily involved in the Chocothon as mentors and a number of us from infoDev joined in the excitement. Given their experience with cocoa supply chain partners, Valrhona’s co-sponsorship and engagement provided valuable insights to guide the ‘choco-hackers.’  
 

The Geo Cocoa, Kejetia, and Cocoa Run teams pose together with some of the Chocothon mentors.
Photo Credit: World Cocoa Foundation