Funding Invention-ASTIEF

In SciDev:

The African Science, Technology and Innovation Endowment Fund (ASTIEF), along with the African Science to Business Challenge (ABSC)...aim to motivate inventors and innovators and spur on the development of sustainable industries and enterprises for the continent..."The work of the fund will be to help translate scientific research and ideas into micro entrepreneurship to spur socioeconomic growth on the continent,"-Aida Opoku-Mensah (of UNECA)

Sanoussi Diakite covered earlier expresses doubts:

"UNECA must avoid being steeped in the bureaucracy and inefficiency which he said characterise such initiatives in Africa."

While:

Oye Ibidapo-Obe, president of the Nigerian Academy of Sciences, hailed the move as the first fund in Africa in which even the private sector will be called upon directly to support to science innovation

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