CHALLENGES OF FUNDING AND INNOVATION AND WAY FORWARD

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CHALLENGES OF FUNDING AND INNOVATION AND WAY FORWARD
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  CHALLENGES IN FUNDING OF RESEARCH AND INNOVATION AND WAY FORWARD    Inadequate R&D funds- projects and commercialization of findings and patents    Support of impact research    Lack of multidisciplinary/institutional approach    Open access to research findings    Few incubation centers    Low levels of Intellectual property rights awareness    Lack of entrepreneurial skills among innovators    Lack of proper mentorship for up-coming researchers WAY FORWARD      Entrepreneurial University    Home grown talent    Attracting venture capitalists    Strengthen quadruple helix    Breaking silo mentality    Mentorship of students and young scientists    Ring fencing best students and support through scholarships    Creating recognition and awards for achievements    Socialization of innovations and R&D Science, Technology and Innovation, ICT, infrastructure, HR Development, public sector reforms and Security, peace building and conflict management Economic Social Political A globally competitive and prosperous nation with a high quality of life by 2030 IMPORTANCE OF PROMOTING RESEARCH & INNOVATION      Research and innovation are pivotal in addressing societal challenges      Key in generation and dissemination for exploitation of new knowledge      Research results contribute to quality of life and technological change      Enhances linkages with Industry for application and commercialization of research findings
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