MIT Program Creates 30,000 Jobs, Empowers African Startups

Twenty years of innovation support has transformed how Africa builds businesses, and the results are staggering.

The Massachusetts Institute of Technology's Kuo Sharper Centre for Prosperity and Entrepreneurship has helped African entrepreneurs raise over $1.5 billion and create more than 30,000 direct jobs since its founding. This week, the program's leaders visited Nigeria to expand their mission of fueling entrepreneurship across the continent.

Vice President Kashim Shettima welcomed the MIT delegation to Abuja, celebrating their impact while issuing an inspiring challenge to African business leaders. "Africa is the new frontier and the future belongs to the continent, but its people must unite to transform potentials into tangible results that impact lives and livelihoods," he said.

The visiting team came to discuss the Kuo Sharper Foundry Fellowship, which has helped establish a thriving startup culture throughout Africa. Executive Director Dina Sherif explained that the centre dedicates itself to supporting entrepreneurs worldwide, with a special focus on African innovation.

Nigeria has emerged as a continental leader in the startup space, according to Sherif. The country's progress demonstrates what's possible when resources and entrepreneurial spirit combine.

The Ripple Effect

Those 30,000 jobs represent more than employment numbers. Each position supports families, strengthens communities, and inspires the next generation of African innovators to dream bigger.

The fellowship program doesn't just provide funding. It builds networks connecting African entrepreneurs to global resources, mentorship, and collaboration opportunities that multiply their impact far beyond initial investments.

Sherif praised the collaborative spirit among African startups and promised the centre would increase support through new initiatives. This commitment means even more jobs, more innovation, and more homegrown solutions to challenges across the continent.

Shettima emphasized that Africa holds enormous human and material resources waiting to be unlocked. The key lies in unity and bold leadership willing to seize opportunities.

Together, African entrepreneurs and global partners like MIT are proving the continent's potential isn't just talk.