Acting Vice-Chancellor of Kwara State University, Malete (KWASU), Prof Shaykh-Luqman Jimoh, yesterday said commercialisation of research ideas is capable of promoting economic growth for accelerated national development.
Jimoh stated this during the maiden edition of the Quadruple Helix roundtable meeting organised by the KWASU’s Centre for Entrepreneurship and the University-Industry Relations Committee.
The vice chancellor who noted that the roundtable that had brought together the academia, government, industry, and community to brainstorm on mutually beneficial ways reiterated the university’s commitment towards collaborations and forging a path to national development.
“We are privileged to stand at the crossroads of academia, industry, government, and the community converging in the pursuit of knowledge, innovation, and collective growth in the dazzling expense of the knowledge universe, where academia sparks innovation, where industry transforms ideas into products and services, where governments provide the infrastructure and environment for growth, and where the community reaps the rewards of our collective efforts.
“The future prosperity of our nation depends on our capacity to not only push the boundaries of knowledge but also to bridge the divide between the lab and the market.
“We are here because we believe that true national development rests on the commercialisation of the brilliant transformative ideas born in our research institutions,” he said.
While stating that commercialising research output was a core feature of the institution’s strategic plan, Jimoh added that it was necessary, now than ever before, for transformative ideas from research institutions to go beyond the confines of academia into the realms of industry and entrepreneurship.
“The transformational power of research knows no bounds as it has the potential to revolutionise industries, cure diseases, mitigate environmental crisis, and enhance the quality of life for people around the world,” he added.
