The Stanford Institute for Innovation in Developing Economies (SEED) will open its first regional innovation center in West Africa, a geographic area that holds enormous potential for immediate economic impact.
The launch this July marks a major milestone in implementing SEED’s critical strategic elements: on-the-ground training and sustained management support in a region of 300 million people, where nearly 70% of the population live on less than $2.00 per day, and 48% live on less than $1.25 per day.
The purpose of the regional innovation center, located in Accra, Ghana, is to stimulate economic opportunities — including job creation — by scaling high-potential local and regional businesses. The in-country effort will include:
- A sustained physical presence with a training and resource facility.