Main Article Content
Universities are recognised as important sources of knowledge for critical innovative performance of industries through commercialisation of their Research and Development (R&D) outputs otherwise called Academic entrepreneurship. This paper examines the approaches and extent of Academic entrepreneurship of the Federal Universities of Technology in pursuit of sustainable development in Nigeria. The study adopted survey technique with population of all the lecturers in the Universities. A sample size of 528 researchers/lecturers were drawn from the rank of Senior Lecturer to Professor in 16 relevant Departments of the Federal Universities of Technology, Akure (FUTA), Owerri (FUTO) and Minna (FUTM) with a response rate of 67.07%. Descriptive statistics such as percentage and mean; and regression analysis as inferential statistics were employed for data analysis. The result of analysis revealed that a multiple of R&D outputs generated by the reseachers are academic publications (100.0%), copyrights (12.2%), industrial designs (11.40%), patents registered in Nigeria (4.60%), patents registered outside Nigeria (1.6%). Only 20.95% of the researchers claimed to have commercialised their R&D outputs through outright sales of R&D outputs (76.67%), sales of patents (18.33%); and joint venture with industries (8.33%). The regression analysis of data revealed that the academic entrepreneurial and innovative performance of the researchers were influenced by access to research fund (β=36.49, p ≤ 0.01), R&D and innovation incentives (β = 36.67, p ≤ 0.05), government policy implementations (β = 36.67, p ≤ 0.05), infrastructure and research facilities (β = 36.67, p ≤ 0.05), business technical support services (β = 36.67, p ≤ 0.01), industrial patronages (β = 36.67, p ≤ 0.05), industrial partnerships and collaborations (β = 36.67, p ≤ 0.05) entrepreneurial drive of the researchers (β = 36.67, p ≤ 0.05), field of research (β = 36.67, p ≤ 0.05); and business advisory services (β = 36.67, p ≤ 0.05). All the variables contributed 29.74% (R2 = 0.2974) to the academic entrepreneurial and innovative behaviours of the researchers. The study also showed that the contributions of the academic entrepreneurship to sustainable development are improved product/process quality (67.32%), utilisation of local raw material (61.97%), eco-innovation (60.73%), product diversification (54.81%), research-industry partnership (49.05%), increased production capacity (47.22%); and generation of new employment (44.18%). The paper concluded that, there is a marginal improvement in the academic entrepreneurship for sustainable development in Nigeria. However, the need for policy intervention to encourage greater and adequate R&D funding support by government and private organisations is required.
Akinwale YO, Dada AD, Oluwadare AJ, Jesuleye OA, Siyanbola WO. Understanding the nexus of R&D, innovation and economic growth. International Business Research. 2012;5(11):187-196.
Dada AD, Oyebisi TO. Harnessing technology transfer and diffusion for industrial competitiveness and socio-economic development in Nigeria: Issues, Opportunities and Policy Guidelines. Journal of Sustainable Technology (JoST). 2016;7(1):72-86.
Siyanbola WO. Policies and actions for promoting technological innovation in industrial production in Nigeria. A Paper Presented at the 4th Technology Management Forum For Directors of Science And Technology in Nigeria. August 26 –28th. Ministry of Science and Technology, Uyo, Akwa Ibom State; 2013.
Bogoro SE. Institutionalisation of research and development (R & D) as the launch pad for nigeria’s technological revolution. An invited paper presented as Guest Lecturer at the 62nd University of Ibadan Interdisciplinary Research Discourse held at the Main Hall Conference Centre, University of Ibadan, Nigeria. December 9th; 2014.
Oyewale AA, Dada AD, Sanni M, Adelowo CM, Siyanbola WO. Patenting and wealth creation in a latecomer economy: Issues and policy direction. Asia Pacific Journal of Innovation and Entrepreneurship. 2015;9 (3):19-29.
Dada AD, Siyanbola WO, Ilori MO, Olamade OO. On the nexus betweentechnological innovations and competitions of SMEs in a developing economy.Technology and the Global Challenges: Security, Energy, Water and the Environment. Proceedings of the 20th International Conference on Management of Technology (IAMOT 2011), Miami Beach, Florida, USA. 2011;10-14.
Siyanbola WO. Enterprise-based economy for sustainable development. A paper presented at the 2014 Distinguished Annual Lecture of the National Institute for Policy and Strategic Studies (NIPSS) Kuru-Jos, Nigeria; 2014.
Siyanbola WO. Technological innovations and economic diversification in Nigeria: Issues, challenges and approaches. A paper presented at the 4th Annual Lecture of the School of Management Technology (SMAT), The Federal University of Technology, Akure, Ondo State; 2016.
Siyanbola WO, Owolabi OO, Adeleke YS, Abdullahi K. Strategic approach to R&D commercialization in Nigeria. International Journal of Innovation, Management and Technology. 2012;3(4):382-386.
EU (European Union). Entrepreneurship competence: An overview of existing concepts, policies and initiatives. Joint Research Centre. Institute for Prospective Technological Studies. Edificio Expo. c/ Inca Garcilaso, 3. E-41092 Seville (Spain); 2015.
Olugboyega AD. Entrepreneurial creativity and innovation: A tool for solving economic crisis in Nigeria. Covenant Journal of Entrepreneurship (CJoE); 2017;1(2):20-31.
Dada AD. Critical skills for 21st century: Technological entrepreneurial and innovative conducts of fresh graduates in Lagos State. Science & Technology and Sustainable Development in Africa. Readings in Technology Management (Ed). J.B. Akarakiri, The Institute of Science Policy and Innovation (ASPI), Obafemi Awolowo University, Ile-Ife, Nigeria. Obafemi Awolowo University Press, Ile-Ife, Nigeria. 2019;1:270-298.
Kim J. The economic growth effect of R&D activity in Korea. World Economy Journal. 2011;12:25-44.
Malerba F, Nelson RR (eds.). Economic development as a learning process: Variation across sectoral systems, Edward Elgar, Cheltenham UK and Northampton, USA; 2011.
Camisón C, Villar-López A. Organizational innovation as an enabler of technological innovation capabilities and firm performance. Journal of Business Research. 2014;67:2891–2902.
Dada AD. Bridging research-industry divide in food and beverage enterprises: Empirical evidence from Southwestern Nigeria. Journal of Engineering and Engineering Technology. 2018;12(1):17-24.
Obamuyi TM. Finance, entrepreneurship and institutions: The triple helix for Nigeria’s economic growth. The 99th Inaugural Lecture Series, Federal University of Technology, Akure, Nigeria; 2018.
Ilori MO, Adeniyi AA, Oyewale AA, Sanni SA, Irefin IA. Developing a manufacturing-based economy in Nigeria through science and technology. Technovation 22. Elsevier Science Limited; 2002.
Siegel DS, Wright M. Academic entrepreneurship: Time for a rethink?. Enterprise Research Centre. ERC, Research Paper No.32; 2015.
Adeoti JO. Technopreneurship and national development. The 31st Convocation Lecture, Federal University of Technology, Akure, Ondo State; 2019.
Dada AD, Obamuyi TM, Jesuleye OA. Commercialisation of research and development frontiers from the federal universities of technology and sustainable entrepreneurship development in Nigeria. International Conference of Entrepreneurship, Covenant University (CU-ICE), Ota, Ogun State, Nigeria. 2020;5-27.
Oyewale AA, Adelowo CM, Ekperiware MC. Patenting and technology entrepreneurship in Nigeria: issues, challenges and strategic options. Journal of Economics, Management and Trade. 2018;21(2):1-14.
Adelowo CM. Demistifying academic entrepreneurship in Nigeria: An expository analysis. African Journal of Science, Technology, Innovation and development (Forthcoming); 2020.
Etzkowitz H, Leydesdorff L. The triple helix–University-industry-government relations: A laboratory for knowledge-based economic development. Rochester, NY; 2000.
Leydesdorff L. The knowledge-based economy and the triple helix model. University of Amsterdam, Amsterdam School of Communication Research; 2012.
Adeoti JO. Universities and the challenges of tackling innovation deficit in Nigeria. The 25th Convocation Lecture, Federal University of Technology, Minna, Nigeria. 2016.
Laura M, Franco-Garcı´a ML, Bressers HTA. “Towards sustainability through collaboration between industrial sectors and government: the Mexican case”, in Sarkis, J., Cordeiro, J.J. and Vazquez Brust, D. (Eds), Facilitating Sustainable Innovation Through Collaboration, Springer, London. 2010;247-64.
Hall JK, Daneke GA, Lenox MJ. Sustainable development and entrepreneurship: Past contributions and future directions. Journal of Business Venturing. 2010;25(5):439-448.
Ndung’u N, Signé L. Capturing the Fourth Industrial Revolution: A Regional and National Agenda. Foresight Africa. African Growth Initiatives. Brookings Institution. Washington, D.C. 2020;61-66.
Adeoti JO. Building technological capacity in the less developed countries: The role of a national system of innovation. Science and Public Policyl. 2002;29(2):95-104.
Jamaluddin A, Muliani S, Hardianti. Millennial generation and digitization: Implementation of higher education functions. International Journal of Scientific & Technology Research. 2020;9(4):1168–1172.
Kim L. Imitation to innovation: The dynamics of Korea’s technological learning. Boston: Harvard University Press; 1997.
Ilori MO. From science to technology to innovation management. Inaugural lecture Series 191, Obafemi Awolowo University, Ile-Ife. 2006;3-5.
Emas R. Brief for GSDR 2015 the concept of sustainable development: Definition and defining principles, Florida International University; 2015.
Lotfi M, Yousefi A, Jafari S. The effect of emerging green entrepreneurship and sustainable development in knowledge-based companies. Sustainability. 2018;10:2308.
Ogbuabor JE, Malaolu VA, Elias TI. Small scale enterprises, poverty alleviation and job creation in Nigeria: Lessons from burnt bricklayers in Benue State. Journal of Economics and Sustainable Development. 2013;4(18):120-33.
Ibeenwo GI. Entrepreneurship role in sustainable development in Nigeria: The dangote phenomenon. Business, Management and Economics Research. 2018;4(2):20-26.
Olateju AO, Danmola RA, Aminu AW. Sustainable entrepreneurship and sustainable development in Nigeria: Prospects and challenges. International Journal of Research and Innovation in Social Science. 2020;4(11):372–377.
Sendawula K, Turyakira P, Alioni C. Sustainable entrepreneurship intention among university students in Uganda: A conceptual paper. African Journal of Business Management. 2018;12(6):131-139.
OECD (Organisation of economically developed countries). National innovation systems. OECD Technical Publication. 1997;48.
Oyelaran-Oyeyinka B. Science, technology and innovation capacity for development and competitiveness in Nigeria. Paper submitted to National Planning Commission for NEEDS2, UNU-MERIT, The Netherlands; 2006.
La Porta R, Shleifer R. Informality and development. Journal of Economic Perspectives. 2014;28(3):109-126.
Carayannis E, Gonzalez E. Creativity and innovation=competitiveness? When, how, and Why. The International Handbook on Innovation. Elsevier Science Ltd; 2003.
Bindir EU, Tandama AA. Commercialization of research and development outputs. In A.P. Onwualu, A.A. Ogunwusi, E.A. Inyang and I Olife (eds) Raw Materials for the Transformation of the Industrial Sector in Nigeria. 2013;377-402.
Ogunwusi AA, Ibrahim HD. Promoting industrialization through commercialization of innovation in Nigeria. Industrial Engineering Letters. 2014;4(7):17-29.
NUC (National University Commission). 1999 report. Abuja: National University Commission; 2000.
Bello TO. Funding for research in science and technology in Nigeria Universities: The gender perspective. Journal of Emerging Trends in Educational Research and Policy Studies (JETERAPS). 2012;3(1):34-38.