Innovation Fund
The ACP Innovation Fund (IF) is a key component
of the OACPS Research and Innovation (R&I) Programme, aimed at
strengthening R&I capacity in African, Caribbean and Pacific (ACP)
countries, to unlock their innovation potential and support their transition into
knowledge-based economies for sustainable development.
Investments in R&I capacity are likely
to pay a higher dividend if embedded in an effective and inclusive innovation
ecosystem and combined with efforts to constitute a critical mass of skilled people
adapted to the labour market demand.
The Innovation Fund provides financial
support for the implementation of projects advancing solutions in the
following areas:
- increasing access
to digital literacy, knowledge, and use of emerging technologies;
- creating or
strengthening effective links between R&I skills development and
labour market demand;
- establishing
or enabling effective synergies in the research and innovation
ecosystem, including with the private sector; facilitating conditions for
technology transfer; promoting R&I uptake;
- promoting local and indigenous knowledge and its use in
combination with formal knowledge systems and practices.
Following a Call for Proposals, published in
October 2019, the ACP Innovation Fund is financing a number of consortia, which
support ACP R&I actors (the ‘third parties’), both financially and
technically, through capacity building, peer assistance, mentoring, networking,
exchange of experiences, and policy advocacy.
These third parties are, for instance: academic
and research institutions; university spin-offs; VET suppliers; organisations
representing indigenous and local communities; agencies and associations
working for gender equality in R&I; national science, technology and
innovation agencies; NGOs; innovation support organisations (i.e. tech hubs,
innovation labs and technology transfer offices); incubators and start-ups.