U INNOVATE

Body: 

Introduction

Faced with the increasing challenge of youth and graduate unemployment, the Nigerian government at federal, state and local government levels has set in motion activities to combat the menace. The need to review the curricula at different levels of learning, to better align with industry and societal needs has become apparent. Graduates of Nigerian educational system ought to be re-orientated towards value creation, self-reliance and job creation rather than the mass drift to paid employment. All tertiary institutions have thus been mandated to teach entrepreneurship as a course of study.

 

 

The entire school culture needs to encourage teamwork, lateral thinking, and reflective learning. These entrepreneurial skills and attributes cannot be fostered through the traditional teaching methods. Some researchers have proposed that entrepreneurship education should include components of such as negotiation, leadership and creative thinking, exposure to technological innovation and new product development. Others argued that entrepreneurship program should also teach skills in detecting and exploiting business opportunities, as well as incorporate detailed and long-term business planning.

           

Innovation and Technology Incubation

Innovation is the key to economic growth and research is the key to innovation. Universities, as citadels of research and a rich pool of faculty and facilities, ought to be translating research discoveries into new products and services. Consequently, the university’s research endeavors should drive substantial job growth in its immediate environment.   

                       

 

What UI is doing

The University of Ibadan, through its Centre for Entrepreneurship and Innovation (CEI), has for some years now, been setting the foundation for the process of commercialization of research outputs through the following initiatives:

 

§  Setting up an Intellectual Property Office for the purpose of stimulation of innovation and patenting

§  Developing the UI Intellectual Property policy

§  Teaching Entrepreneurship courses to students

§  Supporting student-owned Business start-ups

§  Establishing a strong links with the local business community through which Training and support for businesses are offered.

Objectives

a.       To facilitate an environment that stimulates innovation and accelerates the process of transforming innovative ideas into economic development.

b.      To embark on a deliberate job creation strategy, focusing on projects that would improve R&D and encourage entrepreneurial ventures.

c.       To create a platform that encourages university-industry-government collaboration.

d.      To provide start-up grant/loans to innovative business ideas.

In line with this, the Centre for Entrepreneurship and Innovation (CEI) has continued to pursue the successful implementation of the UInnovate project.

 

                       

The CEI organized a two-day workshop on business Plan Development for the staff and students of the University whose Business Ideas were found feasible in June 17th – 18th, 2014 at the CEI Conference Hall, No. 15 Awolowo Avenue, Old Bodija Ibadan.

Facilitators were invited to facilitate sessions on the following topics:

Day

Time

Topics

Facilitators

 

 

 

 

Tuesday 17th

 

June, 2014

9.30-10.30am

Nigerian Legal and Commercial Realities

Mrs. Lokulo-Sodipo

11.30am-12.30pm

Opportunity Spotting – What will your business do

Prof. Gbemisola Oke

12.30pm-1.30pm

Competitor Analysis: Knowing your Competitors

Dr.  C. O. Ilori

2.00pm-3.00pm

Market Analysis – Knowing your Customers

Prof. Gbemisola Oke

3.00pm-4.00pm

Industry Analysis

Dr. A.O. Adegoke

4.00pm-5.00pm

Towards your competitive advantage

Prof. Gbemisola Oke

5.00pm-6.00pm

Marketing-communicating your value proposition to your target market

Prof. Gbemisola Oke

 

 

Wednesday 18th June, 2014

9.00am-10.00am

Towards your competitive advantages – SWOT Analysis

Dr. A. A. Adedapo

10.30am-11.30am

Operations and Logistics

Mr. A.O. Abiona

12.00pm-1.00pm

Business process- The Value Chain, Capturing and Delivering Value

Dr. A. A. Adedapo

1.00pm-2.00pm

Financial Forecasting – Preparing your Cash flow

Mr. James Gbotosho

3.00pm-4.00pm

More Financials

Mr. James Gbotosho