This document presents the report of the first Africa Innovation Summit (AIS) held in Cabo Verde from 4-6th February 2014. The AIS is an initiative of IHABA, a Cabo Verdean firm established in 2012, with the mission of promoting innovation in Africa. The AIS was organized under the Patronage of H.E. Pedro Pires, the former President of Cabo Verde and the 2011 Mo Ibrahim Leadership Laureate and in partnership with the Government of Cabo Verde, the Afri- can Development Bank, the NEPAD Agency and the ECOWAS Commission.