Fostering Entrepreneurship and Innovation in African Higher Education: Lessons from the Africa Centers of Excellence for Development Impact Project Study Visit at the University of Ghana
Background and Context
Entrepreneurship and innovation are pivotal forces driving economic growth and development worldwide. Recognizing this, African universities are fostering an entrepreneurship culture to bridge the gap between academic research and real-world impact. Since its inception in 2019, the Africa Centers of Excellence for Development Impact (ACE Impact) project—the third phase of the World Bank’s flagship higher education program in Africa—has been instrumental in this effort. With 54 centers of excellence across 11 West African countries and Djibouti, the project has empowered institutions with cutting-edge research facilities and the expertise to transform academic innovations into market-driven solutions.
A cornerstone of ACE Impact’s strategy is fostering an entrepreneurial mindset within African universities. This is being achieved through targeted capacity-building initiatives, equipping researchers with skills to navigate commercialization, attract venture capital investments, and establish strategic industry collaborations.
Enhancing Entrepreneurship and Innovation Through ACE Impact
The ACE Impact project, co-financed by the World Bank and AFD, is designed to align education and research activities with sectoral needs while promoting knowledge transfer. One of the project indicators underscores this mission by encouraging research commercialization, entrepreneurship programs, and stronger industry-academia partnerships.
The indicator dedicated to entrepreneurship and innovation seeks to enhance the entrepreneurial ecosystem of African universities. Through structured industry partnerships, centers work closely with key economic sectors such as agriculture, health, and ICT to co-develop solutions that meet market needs. To facilitate innovation and research excellence, the ACE Impact Project has equipped various universities with state-of-the-art laboratories and modern research facilities. These investments empower centers to conduct groundbreaking research, incubate emerging technologies, and advance cutting-edge solutions.
Additionally, recognizing the need for regional collaboration and the replication of best practices, the project provides opportunities for cross-center collaboration.
The Learning Visit: Strengthening Innovation Ecosystems
To further advance regional cooperation, ACE Impact organized a study visit from January 20-22, 2025, at the University of Ghana, home to three ACE centers excelling in entrepreneurship and innovation. The three-day workshop featured 15 sessions, including keynote addresses, expert presentations, roundtable discussions, and specialized breakouts. The event brought together 150 stakeholders—including World Bank representatives, the Association of African Universities (AAU), vice-chancellors, researchers, and industry partners—to explore pathways for translating academic research into scalable commercial products.

A keynote address by the Vice-Chancellor of the University of Ghana highlighted strategic initiatives in research and innovation, including programs under the Office of Research, Innovation, and Development (ORID). Participants engaged in interactive sessions emphasizing technology transfer, intellectual property protection, and university-industry linkages.
The sessions underscored the transformative role of universities in driving economic development by strengthening institutional policies, expanding private-sector partnerships for demand-driven research, and establishing Technology Transfer Offices (TTOs) to bridge academia-industry gaps. Case studies from leading ACE centers—such as WACCBIP’s biotech startup, Oak Park’s support for student ventures, and WACCI’s agricultural innovations—illustrated the immense potential of African research institutions in shaping global advancements.
Key Takeaways and Way Forward
One of the most significant takeaways from the study visit was the critical importance of research commercialization in advancing Africa’s scientific and economic landscape. Successful examples, such as WACCBIP’s biotech spinoff, Yeemachi Biotech, showcased the potential of African universities to drive groundbreaking innovations. The need for structured engagement between academia and the private sector was also emphasized, with TTOs playing a pivotal role in intellectual property protection, research commercialization, and industry collaboration.
Also, the need for institutions to integrate structured commercialization strategies within their research frameworks was highlighted. By nurturing innovative ecosystems through mentorship programs, startup incubation, and industry partnerships, universities can foster a culture that bridges the gap between research and market needs.
The meeting also noted that sustained national policies and financing mechanisms are crucial for long-term innovation. The study visit highlighted recommendations such as the establishment of endowment funds, strengthened collaboration between governments and private investors, and the incorporation of entrepreneurial training into university curricula.
Conclusion
The ACE Impact project study visit to the University of Ghana reaffirmed the project’s recognition of the vital role that research, innovation, and entrepreneurship play in driving Africa’s socio-economic transformation agenda. The insights gained from the study visit could be harnessed to shape future interventions in higher education research and innovation as the project continues to empower African universities and researchers. The strategies, achievements, and real impacts shared by the University of Ghana and other institutions served as an inspiration and starting point for others seeking to enhance their global competitiveness.