The University of Lagos (UNILAG) has recently publicised its novel project ‘Innovation to Market’ (I2M) project, a dedicated initiative to nurture innovators and researchers. With the financial backing of UKAID’s Research and Innovation System for Africa (RISA), the I2M is committed to facilitating the process of converting ground-breaking research and ideas into commercially viable products.
Designed to encourage contributions from Nigerian youths, women, and persons with disabilities, I2M provides an extensive range of supportive services. These offerings encompass training, mentorship, incubation, advisory services, funding opportunities, assistance with patenting, tax registration, and crucial industry linkages. The aim is to ease the transition from idea conception to market exposure for innovative solutions.
At the project’s unveiling ceremony at the Faculty of Social Sciences auditorium, UNILAG’s Vice-Chancellor, Prof. Folasade Ogunsola, shared some insights into the importance of innovation in our rapidly evolving technological landscape.
She noted, “Innovation is closely tied to global growth, job creation, and enhancements in people’s quality of life. Unfortunately, innovators frequently encounter numerous obstacles when trying to convert their brilliant ideas into viable commercial products.”
Prof. Ogunsola highlighted the all-encompassing nature of the I2M program, acknowledging that successful innovation is a multi-faceted process. The I2M project is well-positioned to offer a host of services that prepare innovators to navigate the intricate path from ideation to market launch.
Expressing her optimism, Prof. Ogunsola conveyed her hopes that the I2M project will be a game-changer, driving industrial transformation and pushing Nigeria towards becoming a producing economy.
Alice Omisere, the country manager of RISA, outlined the I2M project’s goal to bridge the knowledge and access gaps by delivering comprehensive learning resources and providing essential tools and facilities to render innovations ready for the market.
Furthermore, Leane Jones, the team lead of the West Africa Research and Innovation team of the Foreign, Commonwealth, and Development Office (FCDO), reaffirmed Britain’s ongoing commitment to promoting research and innovation through partnerships, citing collaborations with institutions like UNILAG and TETFund.
The Executive Secretary of the National Universities Commission (NUC), Abubakar Rasheed, announced the push for tertiary institutions to introduce academic programs focused on innovation.
Dr. Abiodun Gbenga-Ilori, the acting director of the Innovation and Technology Management Office (ITMO), highlighted the issues faced by innovators when it comes to turning their ideas into reality. He revealed that the I2M project is expected to engage approximately 800 innovators, with particular support earmarked for at least 225 innovators with Minimum Viable Products (MVPs).
The launch of the I2M project is a landmark moment in promoting an innovation-driven culture within Nigeria. It underscores UNILAG’s commitment to nurturing local talent and developing solutions to address societal challenges.
