Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities

Edward Lambert; Kanbiro Orkaido Deyganto

doi:doi:10.11648/j.ebm.20241005.12

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Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities

Edward Lambert, Kanbiro Orkaido Deyganto^*

Published in European Business & Management (Volume 10, Issue 5)

Received: 23 September 2024 Accepted: 28 October 2024 Published: 28 November 2024

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Abstract

This research explores the influence of Innovation and Entrepreneurship on Sustainable Development within African communities, utilizing a quantitative methodology characterized by an explanatory framework. A total of 370 participants provided data through structured questionnaires, which were analyzed using multiple regression analysis. The findings indicate an adjusted R-squared value of 96.0 percent, suggesting that96.0 percent of the variation in Sustainable Development can be accounted for by the factors examined. Significant results demonstrate that Entrepreneurial Education and Training, Investment in Research and Development, Collaborative Partnerships, and Intellectual Property Rights have a positive impact on Sustainable Development. However, Access to Finance and Access to Market present challenges, illustrated by their negative coefficients, and R&D Investment and the Innovation Ecosystem were deemed insignificant. The study acknowledges that the model does not account for the remaining 0.04 percent of variation, suggesting further investigation is needed. Practical implications point to the necessity for strategic planning in areas with significant positive impacts and the importance of improving Access to Finance and Market conditions. The research highlights the need for a supportive Regulatory Environment and networks to foster Sustainable Development, offering valuable insights and paving the way for future studies in this domain.

Published in	European Business & Management (Volume 10, Issue 5)
DOI	10.11648/j.ebm.20241005.12
Page(s)	85-96
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Innovation, Entrepreneurship, Sustainable Development, African Communities, Regression Analysis

References

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APA Style

Lambert, E., Deyganto, K. O. (2024). Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities. European Business & Management, 10(5), 85-96. https://doi.org/10.11648/j.ebm.20241005.12

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ACS Style

Lambert, E.; Deyganto, K. O. Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities. Eur. Bus. Manag. 2024, 10(5), 85-96. doi: 10.11648/j.ebm.20241005.12

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AMA Style

Lambert E, Deyganto KO. Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities. Eur Bus Manag. 2024;10(5):85-96. doi: 10.11648/j.ebm.20241005.12

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@article{10.11648/j.ebm.20241005.12,
  author = {Edward Lambert and Kanbiro Orkaido Deyganto},
  title = {Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities
},
  journal = {European Business & Management},
  volume = {10},
  number = {5},
  pages = {85-96},
  doi = {10.11648/j.ebm.20241005.12},
  url = {https://doi.org/10.11648/j.ebm.20241005.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ebm.20241005.12},
  abstract = {This research explores the influence of Innovation and Entrepreneurship on Sustainable Development within African communities, utilizing a quantitative methodology characterized by an explanatory framework. A total of 370 participants provided data through structured questionnaires, which were analyzed using multiple regression analysis. The findings indicate an adjusted R-squared value of 96.0 percent, suggesting that96.0 percent of the variation in Sustainable Development can be accounted for by the factors examined. Significant results demonstrate that Entrepreneurial Education and Training, Investment in Research and Development, Collaborative Partnerships, and Intellectual Property Rights have a positive impact on Sustainable Development. However, Access to Finance and Access to Market present challenges, illustrated by their negative coefficients, and R&D Investment and the Innovation Ecosystem were deemed insignificant. The study acknowledges that the model does not account for the remaining 0.04 percent of variation, suggesting further investigation is needed. Practical implications point to the necessity for strategic planning in areas with significant positive impacts and the importance of improving Access to Finance and Market conditions. The research highlights the need for a supportive Regulatory Environment and networks to foster Sustainable Development, offering valuable insights and paving the way for future studies in this domain.
},
 year = {2024}
}

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TY  - JOUR
T1  - Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities

AU  - Edward Lambert
AU  - Kanbiro Orkaido Deyganto
Y1  - 2024/11/28
PY  - 2024
N1  - https://doi.org/10.11648/j.ebm.20241005.12
DO  - 10.11648/j.ebm.20241005.12
T2  - European Business & Management
JF  - European Business & Management
JO  - European Business & Management
SP  - 85
EP  - 96
PB  - Science Publishing Group
SN  - 2575-5811
UR  - https://doi.org/10.11648/j.ebm.20241005.12
AB  - This research explores the influence of Innovation and Entrepreneurship on Sustainable Development within African communities, utilizing a quantitative methodology characterized by an explanatory framework. A total of 370 participants provided data through structured questionnaires, which were analyzed using multiple regression analysis. The findings indicate an adjusted R-squared value of 96.0 percent, suggesting that96.0 percent of the variation in Sustainable Development can be accounted for by the factors examined. Significant results demonstrate that Entrepreneurial Education and Training, Investment in Research and Development, Collaborative Partnerships, and Intellectual Property Rights have a positive impact on Sustainable Development. However, Access to Finance and Access to Market present challenges, illustrated by their negative coefficients, and R&D Investment and the Innovation Ecosystem were deemed insignificant. The study acknowledges that the model does not account for the remaining 0.04 percent of variation, suggesting further investigation is needed. Practical implications point to the necessity for strategic planning in areas with significant positive impacts and the importance of improving Access to Finance and Market conditions. The research highlights the need for a supportive Regulatory Environment and networks to foster Sustainable Development, offering valuable insights and paving the way for future studies in this domain.

VL  - 10
IS  - 5
ER  -

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Author Information

Edward Lambert

School of Business and Economics, Atlantic International University, Honolulu, United States of America

Contact Email
Kanbiro Orkaido Deyganto

School of Business and Economics, Atlantic International University, Honolulu, United States of America

Contact Email

http://orcid.org/0000-0001-8412-1990

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APA Style

Lambert, E., Deyganto, K. O. (2024). Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities. European Business & Management, 10(5), 85-96. https://doi.org/10.11648/j.ebm.20241005.12

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ACS Style

Lambert, E.; Deyganto, K. O. Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities. Eur. Bus. Manag. 2024, 10(5), 85-96. doi: 10.11648/j.ebm.20241005.12

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AMA Style

Lambert E, Deyganto KO. Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities. Eur Bus Manag. 2024;10(5):85-96. doi: 10.11648/j.ebm.20241005.12

Copy | Download

@article{10.11648/j.ebm.20241005.12,
  author = {Edward Lambert and Kanbiro Orkaido Deyganto},
  title = {Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities
},
  journal = {European Business & Management},
  volume = {10},
  number = {5},
  pages = {85-96},
  doi = {10.11648/j.ebm.20241005.12},
  url = {https://doi.org/10.11648/j.ebm.20241005.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ebm.20241005.12},
  abstract = {This research explores the influence of Innovation and Entrepreneurship on Sustainable Development within African communities, utilizing a quantitative methodology characterized by an explanatory framework. A total of 370 participants provided data through structured questionnaires, which were analyzed using multiple regression analysis. The findings indicate an adjusted R-squared value of 96.0 percent, suggesting that96.0 percent of the variation in Sustainable Development can be accounted for by the factors examined. Significant results demonstrate that Entrepreneurial Education and Training, Investment in Research and Development, Collaborative Partnerships, and Intellectual Property Rights have a positive impact on Sustainable Development. However, Access to Finance and Access to Market present challenges, illustrated by their negative coefficients, and R&D Investment and the Innovation Ecosystem were deemed insignificant. The study acknowledges that the model does not account for the remaining 0.04 percent of variation, suggesting further investigation is needed. Practical implications point to the necessity for strategic planning in areas with significant positive impacts and the importance of improving Access to Finance and Market conditions. The research highlights the need for a supportive Regulatory Environment and networks to foster Sustainable Development, offering valuable insights and paving the way for future studies in this domain.
},
 year = {2024}
}

Copy | Download

TY  - JOUR
T1  - Fostering Innovation and Entrepreneurship for Sustainable Development in African Communities

AU  - Edward Lambert
AU  - Kanbiro Orkaido Deyganto
Y1  - 2024/11/28
PY  - 2024
N1  - https://doi.org/10.11648/j.ebm.20241005.12
DO  - 10.11648/j.ebm.20241005.12
T2  - European Business & Management
JF  - European Business & Management
JO  - European Business & Management
SP  - 85
EP  - 96
PB  - Science Publishing Group
SN  - 2575-5811
UR  - https://doi.org/10.11648/j.ebm.20241005.12
AB  - This research explores the influence of Innovation and Entrepreneurship on Sustainable Development within African communities, utilizing a quantitative methodology characterized by an explanatory framework. A total of 370 participants provided data through structured questionnaires, which were analyzed using multiple regression analysis. The findings indicate an adjusted R-squared value of 96.0 percent, suggesting that96.0 percent of the variation in Sustainable Development can be accounted for by the factors examined. Significant results demonstrate that Entrepreneurial Education and Training, Investment in Research and Development, Collaborative Partnerships, and Intellectual Property Rights have a positive impact on Sustainable Development. However, Access to Finance and Access to Market present challenges, illustrated by their negative coefficients, and R&D Investment and the Innovation Ecosystem were deemed insignificant. The study acknowledges that the model does not account for the remaining 0.04 percent of variation, suggesting further investigation is needed. Practical implications point to the necessity for strategic planning in areas with significant positive impacts and the importance of improving Access to Finance and Market conditions. The research highlights the need for a supportive Regulatory Environment and networks to foster Sustainable Development, offering valuable insights and paving the way for future studies in this domain.

VL  - 10
IS  - 5
ER  -

Copy | Download