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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, W. O. Siyanbola, A. A. Oyewale
ISBN13: 9781616928469|ISBN10: 1616928468|EISBN13: 9781616928483
DOI: 10.4018/978-1-61692-846-9.ch011
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MLA

Egbetokun, A. A., et al. "From Lab to Market: Issues in Industry-Academy Cooperation and Commercialisation of R&D Outputs in Nigeria." Regional Innovation Systems and Sustainable Development: Emerging Technologies, edited by Patricia Ordóñez de Pablos, et al., IGI Global, 2011, pp. 152-166. https://doi.org/10.4018/978-1-61692-846-9.ch011

APA

Egbetokun, A. A., Siyanbola, W. O., & Oyewale, A. A. (2011). From Lab to Market: Issues in Industry-Academy Cooperation and Commercialisation of R&D Outputs in Nigeria. In P. Ordóñez de Pablos, W. Lee, & J. Zhao (Eds.), Regional Innovation Systems and Sustainable Development: Emerging Technologies (pp. 152-166). IGI Global. https://doi.org/10.4018/978-1-61692-846-9.ch011

Chicago

Egbetokun, A. A., W. O. Siyanbola, and A. A. Oyewale. "From Lab to Market: Issues in Industry-Academy Cooperation and Commercialisation of R&D Outputs in Nigeria." In Regional Innovation Systems and Sustainable Development: Emerging Technologies, edited by Patricia Ordóñez de Pablos, W.B. Lee, and Jingyuan Zhao, 152-166. Hershey, PA: IGI Global, 2011. https://doi.org/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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