The report surveyed seven countries - Kenya, Ghana, Cameroon, Rwanda, Tanzania, Zambia and Uganda - where a number of innovation hubs have been started.
The study found the innovation hubs which proved the most effective were the ones where the ideas harnessed promoted openness and aimed at building a community.
It also stated innovators were more comfortable working in large open spaces than small offices.
Under the community driven approach the report says innovators learn through collaborative events and by sharing knowledge.
External factors, according to the report, can also determine the success of such hubs.
They include GDP, government support for ICT, good infrastructure, ICT budgetary allocation and telecommunication investment.
The report recommends hubs should work at building their community of entrepreneurs by “solving existing contextual needs and nurturing budding entrepreneurs by meeting as early as they join the hub”.
The report also recommends hubs to work with existing platforms that support the development of hubs on the continent such as Afrilabs because they share a common vision.