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Monique also said the commercialisation of research at African universities through spinoffs will also be supported.Īt the core of the vision is an innovation-driven marketplace that will encourage cross-border collaboration to shape a greener continent and create climate smart jobs.Īfrica is a potential four trillion-dollar market where opportunities for advancing areas such as biomedical, vaccine, biopharmaceutical, e-genomics and biosecurity abound, just waiting to be harnessed. These platforms include the AfCFTA Hub, ProPer, PanaBIOS and Transforma. "To ensure that the funds being mobilised have a major social impact, an innovation marketplace and common digital platforms have already been created to ensure that services created by startups can scale up faster," Monique said. The 4D Initiative builds on the Trillion Dollar Fund announced in 2020, which initially focused primarily on driving trade in goods manufactured in Africa under the AfCFTA.ĭeputy Chairperson of the African Union Monique Nsanzabaganwa said the emphasis will now expand to cover biotech innovation, digital health, artificial intelligence and green economy. The goal is to channel such investments in such a way as to create a massive impact on health, trade, local manufacturing and job creation. The leaders announced the ambitious plan at a virtual summit dubbed the Boma of Africa on July 8 African Union leaders are looking for the next generation of unicorns that will revolutionize hot new sectors like biotech, gene editing, genomics and artificial intelligence.
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