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Repositioning industry R%D units into tertiary education research laboratories

Author

Listed:
  • Stephen Oluwatobi
  • Adedeji Afolabi
  • Patience Tunji-Olayeni
  • Afolashade Oluwatobi
  • Onyeka Emebo

Abstract

Research and development (R%D) play a crucial role in the development and sustainability of many economies. Therefore, world leaders in developed and developing countries have consciously engaged R%D activities to improve their cities, standard of living of its citizenry and installation of adequate military defence systems. Global spending on research and development (R%D) has reached a high of almost US $1.7 trillion dollars in 2017. The study posits that public and private firms can reposition its R%D units into research laboratories in tertiary institutions which can result in mutual benefits for both institutions. The study showed how industry R%D units can be interpolated with existing tertiary education research laboratories by developing a framework for successful integration and migration. In addition, the study showed that there are drivers and barriers in the collaborative framework between Industry and education research labs.

Suggested Citation

  • Stephen Oluwatobi & Adedeji Afolabi & Patience Tunji-Olayeni & Afolashade Oluwatobi & Onyeka Emebo, 2023. "Repositioning industry R%D units into tertiary education research laboratories," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 33(3), pages 362-372.
    • Handle: RePEc:ids:ijbglo:v:33:y:2023:i:3:p:362-372
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