By Emmanuel Elebeke
The National Office for Technology Acquisition and Promotion, NOTAP has challenged Nigerian universities to leverage on the benefits of the Intellectual Property and Technology Transfer Office (IPTTO) to attain financial independence.
The Director General of NOTAP, Dr. DanAzumi Mohammed Ibrahim stated this during his opening remarks at the Commissioning ceremony of the 39th Intellectual Property and Technology Transfer Office (IPTTO) by NOTAP in University of Ilorin, Kwara State.
Azumi said the establishment of IPTTOs in some strategic tertiary institutions in the Country was to create awareness on the importance of intellectual property to the techno-economic development of the country.
With full exploitation of the IPTTOs in their domain, Azumi affirmed that the local universities could end their dependency on state budgetary allocation but on royalties coming from licensing of their research results and Commercialization of research and Development results.
The NOTAP DG said the establishment of the IPTTOs was to create awareness on the importance of intellectual property to the techno-economic development of the country and to facilitate the acculturation of IP into the Nigeria knowledge sector.
He stated that knowledge is what rules the world and that technology had become the global index for measuring growth and economic sustainability of a nation.
The NOTAP boss added that the establishment of IPTTO’s in tertiary institutions in Nigeria will no doubt, stimulate demand-driven research across the research establishments in the country.
According to him, what differentiates the developed and developing nations of the world is the level of technological advancement whereas technology is the product of Intellectual Property.
He further stated that universities in the developed countries have continued to rank higher than those in the developing countries because the R&D infrastructure and other social facilities are better, making it possible for research results from the developed countries to metamorphose into products and services, while those of the developing countries remain on the shelves at prototype level.
The DG said there was a poor innovative and intellectual property protection culture in the country but assured that the IPTTO will facilitate the galvanization of research results for onward commercialization.