Entrepreneurship and innovation are pivotal for Africa’s economic progress. However, the continent faces a dearth of investment, with the existing venture capital (VC) majorly channeled towards fintech, sidelining other sectors. Despite the growing VC interest, African entrepreneurs grapple...

Entrepreneurship is widely thought to be associated with innovation, yet the prior evidence about this relationship has been mixed. For this reason, some researchers have argued that the locus of innovation lies with large, professionally managed firms rather than new entrants. This study uses...