Repositioning industry R&D units into tertiary education research laboratories
by Stephen Oluwatobi; Adedeji Afolabi; Patience Tunji-Olayeni; Afolashade Oluwatobi; Onyeka Emebo
International Journal of Business and Globalisation (IJBG), Vol. 33, No. 3, 2023

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.

Online publication date: Thu, 16-Feb-2023

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