LECTURE 1 - LECTURE 1 OVERVIEW AND IMPORTANCE OF SCIENTIFIC...

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LECTURE 1 OVERVIEW AND IMPORTANCE OF SCIENTIFIC RESEARCH AND INNOVATION Meaning of Innovation Research, Innovation and Development Nexus Meaning of Research Importance of Research Status of Research in Nigeria (Africa) Potentials of Research Challenges facing Research On How to Become an Excellent Researcher Home Work 1 1 Prof. Onwualu AUST
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FURTHER READING Onwualu, A.P. 2015. Optimizing the Research Potentials of a University: the case of University of Port Harcourt. Presented at a conference to mark 40 th anniversary of University of Port Harcourt. 4 th June, 2015. Onwualu, A.P. 2016. Benchmarks for Research for Creation of Exploitable Intellectual Property. Presented at a Workshop on Intellectual Property, Nnamdi Azikiwe University, Awka. 13 th April, 2016. Singh, 2006. 2 Prof. Onwualu AUST
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WHAT IS INNOVATION? The process of translating an idea or invention into a value added product or service that is marketable Innovation is bringing into being a better idea or method while invention is just to create an idea or method Innovation leads to more effective ideas, processes, technologies, products and services that are readily available to the market. It is usually assured in an economy when there is a functional National System of Innovation (NSI) based on the Triple Helix Concept (Government, Research and Industry working together). 3 Prof. Onwualu AUST
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INNOVATION Prof. Onwualu AUST 4
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TYPES OF INNOVATION Evolutionary or Revolutionary Incremental or Radical Product, Service and Process 5 Prof. Onwualu AUST
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Figure iv. Waves of Innovation Model. Source: Hargroves, K. and Smith, M. (2005), p 17. [1] [1] Hargroves, K. and Smith, M.H. (2005) The Natural Advantage of Nations: Business Opportunities, Innovation and Governance in the 21 st Century , Earthscan, London 6 Prof. Onwualu AUST
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INNOVATION and WEALTH OF NATIONS There is direct relationship between innovation output and wealth of nations 7 Prof. Onwualu AUST
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8 INNOVATION AND WEALTH OF NATIONS 1 st World 2 nd World Under developed World Developing World 3 rd World Developed World Wealt h Middl e incom e Poor Prof. Onwualu AUST
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RICH OR POOR? ANY INNOVATION? Prof. Onwualu AUST 9
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RICH OR POOR? ANY INNOVATION? Prof. Onwualu AUST 10
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GLOBAL INNOVATION SPECTRUM: Where is Nigeria? Different Indices can be used to quantify Innovation. These include: International Innovation Index; Innovation Indikator; Innovation Union Scoreboard; Global Competitiveness Index; Bloomberg Innovation Index and Global Innovation Index (GII) GII gives an indication of the capability of an
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