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Technology and Innovation Report 2015

Fostering Innovation Policies for Industrial Development

image of Technology and Innovation Report 2015
This report focuses on how innovation policies can expressly promote industrial development, and what lessons can be learnt from existing experiences of countries, both developing and developed. It argues that while technology and innovation are an essential component of how industries use knowledge to apply to learning, their role in fostering economic development can only be harnessed if innovation policies are clearly and coherently linked to overall industrial development goals of countries. Basing its analysis on data as well as experiences of countries, the report argues for closer coordination between innovation policies and industrial goals in order to promote technology and innovation for overall economic development.

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Partnering for development: Harnessing the synergies between innovation policies and industrial policies

African countries have reached a defining point where stocktaking is not only necessary but also vital, particularly as they prepare to address the new development goals contained in 2030 Agenda for Sustainable Development. It is widely acknowledged that sustainable development rests more broadly on stable industrial development of a kind that can deliver better livelihoods and eradicate poverty, as reflected in several goals of the 2030 Agenda for Sustainable Development. Goal 9 of the SDGs encapsulates the dual objectives of promoting inclusive and sustainable industrialization and fostering innovation. In this context, innovation and industrial development are highly relevant from an African perspective, and are being extensively supported by newer literature emerging on the topic.

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