From Lab to Market: Issues in Industry-Academy Cooperation and Commercialisation of R&D Outputs in Nigeria

From Lab to Market: Issues in Industry-Academy Cooperation and Commercialisation of R&D Outputs in Nigeria

A. A. Egbetokun (Obafemi Awolowo University, Nigeria), W. O. Siyanbola (Obafemi Awolowo University, Nigeria) and A. A. Oyewale (Obafemi Awolowo University, Nigeria)
DOI: 10.4018/978-1-61692-846-9.ch011
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Abstract

For nations to compete successfully in the long run, they must innovate; and innovating entails building new competencies, new capabilities and new knowledge. Starting with a brief review of the concepts of Science, Technology and Innovation, this chapter discusses the factors militating against the translation of scientific R&D outputs into innovations in Nigeria. The situation in selected Asian countries are reviewed to highlight the significance of specific factors such as institutional framework, adequate funding and knowledge pool in the process of building indigenous innovation capability for national development. Policies, strategies and structures that could facilitate the effective management of R&D and innovation, and enhance university-industry connections are suggested.
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Science, Technology And Innovation (Sti) Concepts

Nowadays, it is generally impossible to discuss issues about technology without mentioning science. In fact, science and technology have become so closely related that the one now depends on the other for its development (Ilori et al, 2002). The concept of “Science and Technology (S&T)” means, in our time, the totality of activities in a nation that lead to innovation. These include, according to UNESCO, 1982):

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