The Federal Government has intensified efforts to commercialise academic research and scientific innovation as part of plans to strengthen industrial growth and create more employment opportunities for Nigerians.
The initiative is being championed by the Federal Ministry of Innovation, Science and Technology in collaboration with Babcock University.
Speaking in Abuja, Minister of Innovation, Science and Technology, Kingsley Tochukwu Udeh, said Nigeria must move beyond producing research papers and focus on converting innovations into businesses capable of solving real economic problems.
According to him, the effort aligns with the ministry’s “Energise Commercialisation Now” (ECoN) initiative, which supports innovators in scaling research ideas into viable enterprises and industrial solutions.
The minister explained that stronger partnerships between universities, government agencies, and the private sector are necessary to bridge the gap between academic research and industry application.
Enjoying this article? Share it with your network!
He added that sectors such as technology, agriculture, and manufacturing could benefit significantly from stronger research commercialisation policies.
Dr. Udeh also noted that the initiative is expected to support entrepreneurship, improve productivity, and reduce youth unemployment by helping innovators build scalable businesses.
Vice Chancellor of Babcock University, Afolarin Olutunde Ojewole, reaffirmed the institution’s commitment to supporting innovation and entrepreneurship through practical research collaborations.
Industry stakeholders believe stronger collaboration between universities and industry players could help transform local innovations into businesses that drive long-term economic growth.
Disclaimer: Edfrica shares opportunities for informational purposes only. Results and funding outcomes are not guaranteed.
