Repositioning industry R%D units into tertiary education research laboratories

Stephen Oluwatobi, Adedeji Afolabi, Patience Tunji-Olayeni, Afolashade Oluwatobi and Onyeka Emebo

International Journal of Business and Globalisation, 2023, vol. 33, issue 3, 362-372

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. (search for similar items in EconPapers)
Date: 2023
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