Africa’s Sustainable Blue Economy: The Role of Incubators and Accelerators

Oceans have been described as the quintessential sustainable development issue, as they sustain the global economy and are a critical resource, fundamental to human survival. The importance of the blue economy is reflected in various policy frameworks of the AU, including its overarching developmental framework, Agenda 2063. Partnerships with the private sector, and the development of business models compatible with the principles of a sustainable blue economy, are essential elements of regional and global blue economy ambitions. Blue economy accelerator and incubator programmes provide a mechanism through which ocean-based businesses can be nurtured and scaled so that they can contribute meaningfully to a sustainable blue economy. However, these programmes are nascent in developing countries, particularly in Africa. This policy brief reviews regional and global practice related to ocean-based incubators and accelerators, highlighting key emerging lessons for Africa.