Ground-breaking research findings continue to gather dust on mouldy shelves and vaults across Africa. They simply lack a pathway to commercialisation. Research commercialisation is the process of transforming research findings and intellectual property into commercially viable practical products, services and processes. It's a process aimed at creating value from research by introducing tangible products or services to the market, licensing new technology to consumers or even establishing spin-off businesses.
But this is an area in which Africa, especially sub-Saharan Africa, is woefully deficient. The continent contributes a measly 2 per cent of the world's research output. It accounts for just 1.3 per cent of research spending and produces a tiny 0.1 per cent of all global patents. Kenya's Gross Domestic Expenditure in Research and Development in 2022 was only 0.81 per cent of the GDP - compared to a global average of 2.13 per cent.