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TIV’s CEO, Ravi Gupta, was invited as a Distinguished Guest by the United Nations Industrial Development Organization (UNIDO) at the Third Industrial Development Decade for Africa (IDDA III) Event

2019 Sept UN 4IR UNIDO Africa

In September of 2019, at the General Assembly of the United Nations in New York City, TIV’s CEO Ravi Gupta was invited to participate in the Thirds Industrial Development Decade for Africa (IDDA III) High-Level Breakfast meeting. The event, organized by UNIDO, was centered on the theme of “Promoting innovation and infrastructure development: A pathway for boosting manufacturing in the Fourth Industrial Revolution. Mr. Gupta was joined by a notable cast of the world’s highest industrial development stakeholders, including: Mr. Li Yong, General Director of UNIDO, Mr. Antonio Guterres, Secretary-General of the United Nations, Mr. Akinwunmi Adesina, President of the African Development Bank, and Ms. Doreen Bogdan-Martin, Director of the Telecommunication Development Bureau at ITU, and multiple African Heads of State/Government.

Due to TIV’s expertise in venture capital and innovation ecosystems, and its work on the flagship report for AfDB on “Unlocking the potential of 4th Industrial Revolution in Africa”, TIV was asked to contribute to solutions towards the event’s major objectives to foster Africa’s industrial development, including:

  • Establishing the key elements required to promote innovation and infrastructure towards manufacturing growth

  • Innovative ways to leverage global partnerships within the IDDA III framework for Innovation and Infrastructure Development

  • Identification of current and potential sectors for stakeholders to use modern technology, such as Industry 4.0

  • Brainstorming ideas to mobilize financial and non-financial resources to support interventions in infrastructural developments.

The event culminated into multiple milestones, including agreements towards near-term action items which can bolster Africa’s industrial complex in the imminent future. For example, consensus was reached on the role of investments in physical and digital infrastructure – especially in health, agribusiness, education, water and sanitation – to fully unlock Africa’s potential. Moreover, the role of developing human capital was emphasized by all speakers, including drafting initiatives towards cultivating skills in STEM fields to promote technological advancements.

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