“Corporate sector critical partnership in research development and sustained growth of the emerging economies”
“Corporate sector critical partnership in research
development and sustained growth of the
By: Abdul ‘Dewale Mohammed
Founder & Executive President
Africa Asia Scholars Global Network
AFRICA ASIA PACIFIC ASSOCIATION
SMALL MEDIUM ENTERPRISES
Sias International University
Zhengzhou, Henan Province, P.R. China
Often reviewed in line with set targets and goals, and devoid of
external influence, market forces and regulations of the organised
private sector, virtually all research and development institutions
mandatory, initiate and adopt a Private Sector Strategy.
The recent economic crisis created extensive competition in
corporate sector funding for research however with many Africa
and Asian countries now on rapid economic growth through the
resurgence of open markets, trade and thriving enterprise this
has proven to be temporary.
It is widely acknowledged that the private sector is critical to
drive economic growth, create jobs, develop and deliver needed
goods and services and to innovate for more sustainable
development solutions. It is therefore welcoming that developing
countries are increasingly regarding foreign aid as a short‐term
solution and as catalytic for trade and development which is
necessarily driven by the private sector.
Much as never as before, the private sector long term
collaboration with educational institutions is highly essential for
the growth of research and development as well as the economic
stability of the emerging economies.
Corporate sector critical partnership in
research development and sustained
growth of the emerging economies
Universities are responsible for initiating viable sustainable
projects and research development schemes that will attract
investment and lasting partnerships with the private sector.
In order to seek long term collaborative partnerships research and
development centres need to liaise more effectively with investors,
discuss their academic profile, and make known the potentials of the
pioneered work of their relevant academic departments.
Source: aasgon 2014
The Emerging Economies/Market Forces
– Lack of investment into research & development.
which includes – loans, equity,
trade and structured finance, and
syndications – designed to
promote worthy enterprises and
Boosting their large economies
based on global capital,
technology, and talent, the
emerging markets are today,
predicted to surpass the United
States, United Kingdom, German,
France and the economy of Italy.
With their enormous wealth of
natural resources and extensive
labour force developing
countries’ economies have a
huge advantage over most
According to financial experts
their GDP growth rates have
outpaced those of many
However to keep up with
population which is more
rapid in developing countries,
the world by 2020, according
to IFC needs to create 600
million well paid jobs.
Along with UNESCO, the UN
Global Compact – a UN
strategic policy initiative for
business, and the UNCDF – the
UN capital investment
agency for the world’s 48
least developed countries,
the IFC which is a member of
the World Bank Group, could
towards sustained investment
relations between research
institutions and businesses in
the developing countries.
Promoting the first mutual
funding investments in
developing countries, the
term “emerging markets”
was about 33years ago
coined at the International
Finance Corporation (IFC).
Primarily IFC’s mission is to
increase private equity
investment in emerging
markets and provide a
number of financial
services and products
Renewed global partnership critical for post-2015
development agenda, says UN panel
• On March 27, 2013 the UN panel of eminent
persons on Post MDGs called for a partnership
- a transformative people-centred development
agenda beyond 2015.
- a planet-sensitive development agenda which
is realized through the equal partnership of all
For the attainment of sustainable development of the emerging economies, the 21st
Century demands greater need for renewed partnerships between the organised
private sector, the civil society and government.
Sharing of good practices and each sectors’ capabilities, under transparent and
proactive partnership does guarantee sustainable development by bringing forth
additional expertise and resources for growth and the transformation of communities.
Through educational institutions
multi-national companies are
known to invest millions of dollars in
research and development on
diverse sustainability projects which
are of significant value to the
investors and in most cases
beneficial to the institutions and
their respective local communities.
However on mainstream
development policy and practice
the private sector still remain at a
tangent.Source: UCC(private) Ltd.
To effectively do this it is important for
the University, through the
development of innovative enterprise
to take account of its potentials by
unlocking its endowed capital.
Research and development impact
long-term economic and social
benefits on societies, hence the
development, effectiveness and
sustainability of private sector
investment could increase
significantly if the institutions are
themselves more enterprising and
innovative and can clearly
demonstrate their understanding of
the functions, objectives and
entrepreneurship skills of the
organised private sector.
To sustain the future of emerging
economies distinct collaboration
between the organised private
sector companies and the
academia, need not only to be
strengthened but backed with
purpose and commitment to
accountability, quality, prudence,
Private Sector Investment
The corporate sector is
interested in diverse cross
sector innovations that
hover around scientific or
technical value, economic
and commercial viability
and lasting social impact.
By virtue of the core
direction of corporate
businesses which is profit
economic output, far
reaching impact should
most times reflect on the
mindset of researchers.
A sustainability investment is an initiative,
program, project or any other intervention
that responds to the needs of local
stakeholders, as well as to the company’s
business objectives and risks.
CommDev houses a selective group
of public documents, tools, case
studies, training opportunities,
presentations and resources
produced by the International
Finance Corporation (IFC) partners
and other organizations to guide
companies in delivering shared value
and enhancing benefits to local
With varieties of comprehensive tools the IFC
planning and financial valuation model
calculates a probable range for the NPV of
a portfolio of sustainability investments,
including both the direct value creation and
the indirect value protection of investments.
By highlighting the relative value of specific
investments, the IFC tools will help to align
the company’s core business objectives with
the sustainability investments it makes.
Partnership & Sustainability –
core desirability for High Investment
Largely, the primary concerns of the private investors is quality of the project
plan, project financing, assurance of quality project delivery, anticipated
outcome and commercial merit from target R&D operators. R&D projects, with
relevance to industry and significant potential for economic impact do attract
investors and often create room for collaborative research opportunities.
To promote co-funding for larger projects R&D institutions are much better
placed if collaboratively aligned with business and development needs of the
private sector within or outside their established base.
The corporate sector and government can help in the development of highly-
qualified academic researchers and the provision of world-class R&D
infrastructure in developing countries.
For the uncovering and enabling of
development of valuable new
products, processes, and services,
R&D helps to facilitate the
development of new products.
Helps in the discovery and creation
of knowledge about scientific and
Significance of R&D
Emphasis on quality, industry relevance
and economic impact is highly crucial
when considering institutional
investments in R&D.
To increase private sector partnership research centres
need to change the way they are being perceived by
investors and develop more innovative and people
centred projects that are keenly competitive.
Optimum Research Cycle &
Key Components for Sustainability
To develop corporate research
partnerships, the institutions must
be vast in the chosen industry and
well aware of the socio-economic
indices and capital outlay of
potential corporate partners.
In meeting the specific needs of
clients, there is need for clarity in
the scope and goals of their
proposed project and the intended
impact on the corporate partner.
Link: The National Institute of Standards and Technology’s Hollings Manufacturing Extension
Partnership (MEP) http://www.nist.gov/mep/images/mep_next_gen_diagram_1.jpg
With significant potential for economic impact in emerging
economies R&D’s are highly relevant to industry and with adequate
capital resource provision for research tools and equipment, there is
need to support innovation through research-related enrichment
programs focused on studies such as technology, engineering,
mathematics and the applied science.
To drive business skills in research innovation,
academic researchers engaged with
business development must and should
understand business ethics in order to have
or access the research talent they need to
To successfully engage with the private
sector and encourage collaboration with
industry, academic researchers have to be
driven by creativity and excellence in
applying specialized skills and innovation
that are far reaching and result oriented
particularly those that proffer solutions or
advance the positive transformation of
science and technology.
Growth of Emerging Economies
To create an enabling and stimulating environment that fosters
collaboration R&D Corporate Awards should be given a boost in
developing countries. The innovative awards will extensively promote
good practices, inspire and encourage the organised private sector to
collaborate more effectively and widely with academic researchers at
local regional and international levels.
Research and development
is a key driver of innovation,
Increased R&D investments
will strengthen academic
institutions and industries.
There is a need for increased
investment in research and
R&D Corporate Awards
With shared concerns and history, the continents of Africa
Asia and the Pacific share bonds of history, culture and
religion which are very deep but remain incoherent.
Hence, the emergence of fortunes in the 21st Century, calls
for closer collaboration between the world’s least developed
Africa is going to turn more and more
to Asia, not because it wants to trade
more with Asia but because of the
change in traditional trading patterns.”
- Prof. Calestous Juma,
Founder African Centre
for Technology Studies
Author ‘The New Harvest’
With today’s graduates increasingly
becoming unemployable and with
over 2.5 billion people in developing
countries living in abject poverty,
creating a generation at risk of
suffering decent work deficits, the
upheaval and long-term impact of
the youth employment can only be
turned around through a
collaborative private sector-
government committed long term
investment approach on innovative
research and development projects
that will create better jobs and
improve the lives of millions of the
nations at the
levels of micro,
and promotions .
To influence and promote corporate
sector, government and civil society
partnership in research development and
sustained growth of the emerging
economies, the Africa Asia Scholars
Global Network (AASGON) entered into
partnership with the Federal Government
of Nigeria’s apex organisation for Micro
Small and Medium Enterprises, SMEDAN.
With the institutionalisation of Africa Asia
Pacific Association of Small and Medium
Enterprises (AAPASME) in November,
leaders, business experts, entrepreneurs
and investors from developing countries
of Africa Asia and the Pacific will for the
first time in history form a union to seek
long-term collaboration that will inevitably
involve a variety of policies and actions
on business development and wealth
creation, expand and enhance
investment and innovative technologies.
23rd –30th November2014 Abuja,Nigeria
RenewedGlobalPartnership -AStrategicPostMillennium DevelopmentAgenda
A Framework for
In order to achieve sustainable growth in developing countries, there is
need for businesses looking to enhance sustainable growth, and
research institutions seeking for project funding to work closely in
partnership with government through established networking platform
that aims at propagating proactive and positive collaboration at local,
national, regional and international levels.
With a strategic assessment of existing practices and collaboration, to
promote the sustainability of emerging economies, it is essential that all
stakeholders support the establishment of sustainable economic
networking platforms such as the Africa Asia Pacific Association of Small
and Medium Enterprises(AAPASME).
The platform which is to foster collaboration, sustainable and inclusive
growth will help create the enabling framework for the sharing of best
practices, new innovations and positive engagement between the
corporate firms and research centres.
AAPASME’s Innovative Partnership
AAPASME….. providing leadership, strategic focus and investments in
order to strengthen and improve existing research system
Understanding current and future markets and research needs of developing
countries AAPASME’s focal point will in the coming years point to the following
The enhancement and growth of R&D with substantial Increase in investment.
provide advice and leadership in working with R&D stakeholders including
business, academia and government.
Form alliance with sectors that are of strategic importance to the socio- economic
advancement of Africa Asia and the Pacific.
Motivate key stakeholders to collaborate and cooperate in the R&D process.
Target industries with identified technical needs, market opportunities or sustainable
resource development potential
Invest in the development of highly-qualified researchers, innovative research
equipment, and world-class research facilities.
Facilitate local, national and international collaboration among R&D stakeholders –
business, academia and others.
AAPASME R&D Focal Point
Transparent, Proactive &
Committed Partnership for
Key to UN Post 2015
Sustainable Development Agenda
Promoting Innovative and Sustainable Partnership between both the
Private Sector and the Civil Society in collaboration with government
AAPASME will address global challenges through intensive, evidence
based collaborative research and far reaching developmental
Its functions will specifically include:
•Promote the establishment of Africa Asia Pacific Development Bank
•stimulate novelty, diligence and economic empowerment.
•strengthen relationships between industry and the academia.
• Support companies in building sustainable competitiveness by providing a
platform for innovation and enterprise.
•Foster close cooperation between companies and their stakeholders by
exploring new ways of working together to create a sustainable future.
Maintain and Boost Growth
in Research & Development
Africa Asia Pacific
•Strengthen Emerging Economies leadership on CSR by engaging with
the UN and key international institutions.
•Inspire companies committed to developing innovative business
practices in partnership with Research and Development Centres.
•Facilitate Partnership, Good Governance and Accountability.
•Establish effective communication between R&D stakeholders and
•Accelerate research and development, improve researchers access
to investors as well as investors to research facilities and equipment.
•Encourage collaboration among academic, industry and government
•Enhance R&D capacity of micro, small and medium-sized companies
•Make significant long-term contributions to development by engaging
in advocacy and public policy formulation at the local, national and
AAPASME …Developing innovative strategy and fortifying a strong presence
for Africa Asia Pacific Corporate Social Responsibility (AAPCSR)
Strengthening Policies and
Integration and Partnership
Theme: Entrepreneurship, Human Capacity
Development Wealth Creation and Mass Employment.
DESA - United Nations Department of Economic and
United Nations Capital Development Fund (UNCDF)
UNCTAD – United Nations Conference on Trade and
ILO – International Labour Organisation
UNESCO – United Nations Educational, Scientific and
CBC- Commonwealth Business Council
AAPBS - Association of Asia Pacific Business Schools
AABS – Association of African Business Schools
ABC- Asia Business Council
APBCW - Asia Pacific Business Council for Women
ASAIHL- Ass. of Southeast Asian Ins. of Higher Learning
Association of Universities of Asia and the Pacific
AAU – Association of Africa Universities
ABR – Africa Business Roundtable
CIHE - Council for Industry and Higher Education
EFMD- European Foundation Management &
The formation of
AAPASME is an
through the equal
partnership of all
stakeholders to the
G-77 – The Group of 77 @ the United Nations
UN Global Compact
Africa Union (AU)
New Partnership for Africa’s Development (NEPAD)
Southern African Development Community (SADC)
Economic Community of West African States (ECOWAS)
East African Community (EAC)
Association of Southeast Asian Nations (ASEAN)
South Asian Association for Regional Cooperation (SAARC)
Asia Cooperation Dialogue (ACD)
Central Asian Cooperation Organization, CACO.
The Pacific Island Forum
Cooperation Council for the Arab States of the Gulf
Economic and Social Commission for Asia and the Pacific (UNESCAP)
United Nations Economic Commission for Africa (UNECA)
APEC – Asia Pacific Economic Cooperation
Asian Development Bank
AfDB – African Development Bank Group
World Bank Group
UN Capital Development Fund
Collaboration of Strong Investment leads for Research and
Development in Africa, Asia – Pacific Universities is crucial
for post MDGs Sustainable Development.
The United Nations University of International Institute
for Global Health, Director- General and the AASGON
Executive President/AAPASME Initiator (centre)
flanked by UN Officials at the
UNU-IIGH Malaysia Headquarters
Key Collaborators for Imminent Change Evolution
AUAP & AASGON
Prospecting for a