Policy Direction for Effective Interaction and Linkages among the Elements of Nigeria’s National Innovation System
Authors: Caleb M. Adelowo & Olawale R. Olaopa
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Evidence abounds in both developed and newly-industrialising economies that the success of any nation hinges on the ability to collaborate, generate and deploy knowledge to solve socio-economic problems. This is evident in the rate at which these nations churn out intellectual assets (goods and services) into the global market. Diverse strategies and policies, most especially effective collaboration and linkages, have been employed by these nations to build firms’ technological competence (absorptive capacity through adequate investments in STI, research and development (R&D) and Innovation capabilities) that ensures perpetual competitive advantage. However, these strategies among others are lacking in Nigeria’s efforts at gaining competitive edge and generate revenue from the new knowledge and technologies emanating from focused research and development (R&D) within the university and Research sub-system. Oblivious of the need to provide innovation infrastructure for spin offs and technology commercialisation, improve funding of research system, and strengthen intellectual property and technology transfer offices across the country to make available commercialisable research outputs for small businesses through SMEDAN and MSMEs, more is still required in the area of effective collaboration, linkages and commitments among the elements of Nigeria’s innovation system. This paper, through qualitative analysis, provides suggestions on the need for robust interaction and linkages among the elements of national innovation system (government-industry-academia).