“GENERATION OF INTELLECTUAL PROPERTY, PATENTING TECHNOLOGY ACQUISITION AND T RANSFER FOR NATIONAL DEVELOPMENT” PAPER PRESENTATION AT A 2 -DAY RESEARCH AND INNOVATION EXHIBITION OF THE NNAMDI AZIKIWE UNIVERSITY, AWKA ON 1ST JUNE 2015

Abstract

INTRODUCTION

The importance of Research and Innovation in the development of any Nation cannot be overemphasized. The dividing line between the developed and underdeveloped economies of the world lies in the ability to conduct research that will ultimately lead to creation of wealth. Likewise, the absence of meaningful and demanded research in any Nation makes the Nation to be perpetual import dependent with the resultant adverse economic consequences.  The Universities, indeed, all the higher education Institutions and research institutes are expected to be the drivers of R&D and home-grown Technologies. Expectedly too, the R&D results are to lead to indigenous industries and also power multinational companies within the country. Furthermore, it is very important to clarify at this introductory level that it is imperative to understand that technology is a key factor in driving the success in all the sectors for sustainable development which cannot be obtained without research.