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Technology incubation: SMEDAN, NBTI map out strategies
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Modupe Adelaja, director-general, SMEDAN
Small and Medium Enterprises Development Agency of Nigeria [SMEDAN] and National Board for Technology Incubation [NBTI] have identified inadequate infrastructure, poor business management skills, obsolete equipment, poor networking and marketing skills, among others, as the reasons why technology incubation centres across the country have not grown to full potential.
A recent interactive session by the Chief Executives of both parastatals in Abuja disclosed that the SMEDAN/NBTI collaboration was brought about after both Agencies looked deeply into the paths of growth of most of the fast-developing economies.It has been observed that countries that blaze the trail in the area of technological development do not only invest in quality research and development [R & D], but also promote the concept of incubation centres to allow their scientists and engineers brood on their peculiar challenges and then come up with home-grown solutions.
The strategy is to pool resources together; to explore areas of strength towards making it easier for SMEs to develop, and also for the country to attain the Millennium Development Goal of job creation and poverty reduction. In a speech during the interactive session, the Director-General of SMEDAN, Adelaja said: “You have your own area of strength, we have ours too. But there is need for synergy and I strongly believe that our example will be worthy of emulation.
“We need to have an integrated approach to SME development in order for us to help Mr. President realize one of the MDGs, that of wealth creation which is more or less the central point to all the other six points”.
Adelaja stated that the importance of the synergy is to make the products form these centres become competitive enough for the businesses to become profitable and sustainable. Like Adelaja put it, “There are many challenges and so many needs that,
with our collaboration, we will be able to address.
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