The World Intellectual Property Organisation (Wipo) has ranked Malawi among the top three innovative countries in the low income category in the region.
This is according to a report released Tuesday titled ‘Global Innovation Index 2021: Tracking Innovation through the Covid Crisis’.
Among other things, the report shows that, despite the human and economic toll brought about by the pandemic, governments and enterprises in many parts of the world have increased their investments in innovation.
It notes that the Information and Communication Technology (ICT) sector in most of the economies developed measures to contain the pandemic and its fallout and, as a result, increased development in areas such as ICT hardware, software, pharmaceuticals and biotechnology.
However, the report indicates that high-income economies such as Northern America and Europe continue to lead the ranks in these areas.
“There is an urgent need for this to change, particularly in the context of the Covid crisis. Confronted with an unprecedented crisis, it is important to fully leverage the power of innovation to collectively build a cohesive, dynamic and sustainable recovery,” the report reads.
ICT Association of Malawi Ictam notes that there has been an increase in innovative ideas in the country as a result of the Covid pandemic.
In an interview, Ictam Vice President Andrew Kasasi said there had been a huge uptake of technology advancements that have come in order to address the challenges that companies and individuals have met during the pandemic.
“Internet service providers have produced innovations and products which enable individuals to work from home; at the same time, we have noted that banks have also introduced services which allow customers to open an accounts without going to the banks physically,” Kasasi said.
He added that the institution expects to see more ideas shaped towards attaining sustainable national economic development.
In a recent interview, Nico Technologies Chief Executive Officer Clarence Gama emphasised the importance of innovative technology to keep the world of work afloat.
Wipo is one of the 15 specialised agencies of the United Nations and was created to promote and protect intellectual property across the world by cooperating with countries and international organisations.