Commercial uptake of research: Have the Innovation Fund supported projects delivered?
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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
Budget Monitoring and Accountability Unit
Abstract
The Government of Uganda (GoU) through the Science, Technology and Innovation (STI) policy (2009) recognizes that innovations are critical for socio-economic growth and transformation. The Second National Development Plan (NDPII) and Vision 2040 envision ‘A Transformed Ugandan Society from a Peasant to a Modern and Prosperous Country within 30 years’.
This transformation majorly hinges on elevating Uganda from an agricultural to an industrial economy. Innovations result in the creation of small and medium sized enterprises (SMEs) as well as development of already established industries. Government through Vision 2040 is focusing on providing incentives to increase the size of productive labour by increasing research and development activities and the utilization of research and innovation products. Research and innovation are necessary for a strong and competitive industrial base to create employment and ensure a resilient economy. The Government has been supporting scientists through initiatives like Presidential Support to Scientists, Innovation Fund, and Research Fund to academic institutions among others.
This policy brief discusses the status of ongoing Innovation Fund supported projects with regard to commercialization. It also offers policy recommendations to transit from innovation to commercialization of STI projects.