NESG hosts forum on university technology transfer, commercialization

The Nigerian Economic Summit Group (NESG), in collaboration with the National Universities Commission (NUC) and the Tertiary Education Trust Fund (TEFUND), organized a Triple Helix webinar on the topic “Transfer and Commercialization of University Technology”.

Professor Adekunle Adeyeye, Director of Trevelyan College, University of Durham, said collaboration between academia, industry and government, as enshrined in the Triple Helix model, is essential for technology transfer and commercialization of the education sector.

“Singapore’s economy is based on manufacturing. Most Singaporean universities invest in human capital and research and development and encourage academics to engage in research through an effective reward system focused on quality, which translates into societal growth, ”he said. -he declares.

Professor Adeyeye said it is important for the government to set up national research foundations that aim to bring together companies and research institutes through competitive research teams, which will not only enable the industry participation, but will also ensure the demonstration of disruptive technology that will improve the manufacturing industry and the country as a whole.

He reiterated the need for policies that encourage high impact enterprise, research and innovation in Nigerian universities, which should be supported by an appropriate reward system.

“It’s important to have technology that is compatible with what businesses do. The problem is not the filing of a patent but the relevance of such an innovation for industries. Working with industries will help identify the problems that companies are trying to solve. No business wants to invest in an approach that is not feasible. Nigeria needs to adopt the right mindset and find ways to inspire successful people to become role models, ”he added.

Professor Anna Fratinni Fileti, Executive Director of UNOVAS, University of Campinas (UNICAMP), said UNICAMP is a public institution located in Sao Paulo, Brazil, which supports innovation and was established to promote research applied.

She said that UNICAMP has a global partner program made up of 9 members from different countries. Recent regulatory advancements have contributed to the growth of startups and innovation in the university.

Prof Fileti revealed that some of the bottlenecks faced by the institution include decreasing government spending and timeframe, but the model should be adopted by Nigeria, as the collaboration between industry, government and academia can greatly assist in the transfer of technology and the commercialization of the education sector.

She said the government should consider offering tax benefits that encourage technological development and knowledge transfer. The university should own the intellectual property delivered by the research carried out as a source of income.

Former Oxford University Innovation Ltd Managing Director Tom Hockaday said that in order to scale up technology transfer and commercialization, it is important that researchers receive the same remuneration as their academic counterparts and that the core business of Oxford University Innovation Ltd has not only moved from income generation to impact generation, but has also expanded from a strictly scientific perspective to a more generalized one.

In addition, Dr Caroline Alenoghena, director of the Entrepreneurship Development Center at the Federal University of Technology in Minna, said that acadopreneurship, a term coined by academia and entrepreneurship, was instituted by his university to transform academic ideas and innovation into viable businesses.

She said the program includes 3 months explicitly dedicated to coaching and training.

Additionally, Dr Alenoghena revealed that Acadopreneur is also an incubation center that takes young entrepreneurs from the loop to the center and provides training, support and mentorship alongside an immersion program. She said the university holds many patents and that a business clinic will soon start to develop 100 startups and new products over the next five years.

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