Kwame Nkrumah University of Science and Technology Secures $3 Million Mastercard Prize Amidst Growing Innovation Success

23rd July•3 min read•5 sources

Kwame Nkrumah University of Science and Technology (KNUST) has been awarded the inaugural Mastercard Foundation’s Africa Higher Education for Transformation (AHEFT) Prize, securing a $3 million grant to further its mission of driving systemic change. This prestigious recognition places KNUST among only five institutions across the continent honored for driving institutional transformation and expanding economic opportunities for young Africans. The award specifically highlights the university's robust research-to-innovation ecosystem, which has successfully bridged the gap between academic theory and real-world industrial solutions to foster job creation.

The AHEFT Prize is part of a broader $500 million commitment by the Mastercard Foundation to support at least 150 African universities over the next decade. KNUST was lauded for its innovative research landscape, including initiatives like the Kumasi Business Incubator, which facilitates the development of startups. Other inaugural winners include Addis Ababa University, the International Institute for Water and Environmental Engineering (2iE), Muni University, and the University of Rwanda. These recipients will be formally celebrated at a high-level Higher Education Transformation Convening in Accra, scheduled for September 2026.

Beyond institutional awards, KNUST continues to demonstrate its innovative capacity through student-led breakthroughs in healthcare. The Automated Neonatal Exchange Transfusion System (ANET), a device developed by a team led by Dr. Prince Odame, recently won the top prize at the British Council’s ASCEND Lion’s Den event. The innovation followed extensive mentoring and market validation under the British Council's ASCEND program, which aims to turn academic ideas into impactful businesses. The device triumphed over 20 other student-led ventures from across Ghana and Nigeria, showcasing the university's leadership in neonatal health solutions.

Strengthening its technical and industrial ties, the university has also entered into a significant $15.1 million partnership with Halliburton Ghana Operations Limited and the Petroleum Commission. This Memorandum of Understanding (MoU) is designed to bolster local capacity in the upstream petroleum sector through the donation of advanced petroleum engineering software and specialized training for faculty and students. This investment ensures that Ghanaian graduates are equipped with the cutting-edge technical expertise required to lead in the country’s oil and gas industry.

Collectively, these achievements underscore KNUST’s pivotal role in redefining higher education as a primary catalyst for economic development in Africa. By securing international grants, fostering life-saving innovations, and partnering with global industry leaders, the university is setting a benchmark for academic excellence and practical impact. These developments signal a transformative era for Ghanaian tertiary education, shifting the focus toward research commercialization and professional self-reliance.

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Kwame Nkrumah University of Science and Technology Secures $3 Million Mastercard Prize Amidst Growing Innovation Success

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