Ikenga Calls for Collaboration to Create Sustainable Funding for Varsity Devt

Mr. Chika Ikenga, Managing Director, Eunisell Limited, has called for an urgent need for collaboration to promote innovative research in creating wealth in society, businesses, academic institutions and researchers.

Ikenga made the call in his keynote address at the maiden Research and Innovation Fair/Conference of the Michael Okpara University of Agriculture Umudike, Abia State recently.
According to him, cooperation and collaboration with the private sector, commercialising and licensing of technologies and knowledge developed in schools to industries can help address the issue of university funding.

He further posited that by using the Quadruple Helix Concept, which promotes building an ecosystem, and with the private sector as the engine of growth, academia can partner with the private sector.

“The industry can use the universities for research and development. The universities can also use the laboratories of companies to enhance their research. Together these partners can create rewarding relationships.

“The collaboration between the academia and the industry will lead to the commercialisation of innovative research, generate patents, licenses and revenue for all the partners including the university which is the researcher’s employer.

“The company makes money, the researcher makes money and the university generates sustainable funding.”

He also stressed the importance of researchers and universities commercialising specific inventions through intellectual property licensing and the formation of spin-out companies.