Title: Repositioning industry R&D units into tertiary education research laboratories

Authors: Stephen Oluwatobi; Adedeji Afolabi; Patience Tunji-Olayeni; Afolashade Oluwatobi; Onyeka Emebo

Addresses: Covenant University, Km 10, Idiroko road, Canaanland, Ota, Ogun State, Nigeria ' Covenant University, Km 10, Idiroko road, Canaanland, Ota, Ogun State, Nigeria ' Covenant University, Km 10, Idiroko road, Canaanland, Ota, Ogun State, Nigeria ' Covenant University, Km 10, Idiroko road, Canaanland, Ota, Ogun State, Nigeria ' Covenant University, Km 10, Idiroko road, Canaanland, Ota, Ogun State, Nigeria

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.

Keywords: collaboration; industry; research and development; R&D; research laboratories; tertiary education.

DOI: 10.1504/IJBG.2023.129041

International Journal of Business and Globalisation, 2023 Vol.33 No.3, pp.362 - 372

Received: 18 May 2019
Accepted: 21 Jan 2020
Published online: 16 Feb 2023 *

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