The influence of entrepreneurship capacity on innovation efficiency

The purpose of this paper is to examine the relationship between entrepreneurship capacity and innovation efficiency in all countries captured consistently in the Global Entrepreneurship Monitor and Global Innovation Index between the year 2010 and 2014 with the view of adopting best practice in Africa. The work is anchored on the innovation diffusion theory. Longitudinal design was used and secondary data provided a trend analysis of 29 countries across the world with the aim of benchmarking. Weighted averages, bivariate correlation and ordinal regression techniques were used to analyse the data. The study found that there is a positive significant influence of entrepreneurial capacity on innovation efficiency. The study recommends establishment of appropriate entrepreneurship education and its integration in the education system in Africa. There should also be collaboration between governments, researchers, policy makers and industry players. Further studies should be geared towards enablers of innovation commercialization.