The stakeholders are;

•  FEDERAL GOVERNMENT

•  STATE & LOCAL GOVERNMENTS

•  PRIVATE SECTOR

•  ENTREPRENEURS

•  RESEARCH & TERTIARY INSTITUTIONS

Role of Stakeholders

FEDERAL GOVERNMENT.

The Federal Government is represented by the National Board for Technology Incubation ( NBTI ), established in February 2005 to provide focus, effective co-ordination, supervision and direction for the Technology Incubation Programme and to facilitate collaboration with the relevant stakeholders for the realization of the program objectives.

NBTI

•  Policy guidelines for the execution of programme.

•  Undertaking feasibility studies for the establishment of Technology Incubation Centers.

•  Providing Technology focus for TIP

•  Management of the entire programme.

•  Provision of specialized and customized infrastructure.

•  Provision of a central facility workshop, equipment, laboratories for the technical development needs of the entrepreneur.

•  Granting of development fund (seed capital), a non-interest revolving loan, to entrepreneurs in partnership with relevant stakeholders for sustenance of the programme.

•  Facilitating linkages with knowledge base and external service providers.

•  Provision of marketing outlets through exposure to local and international trade fairs and exhibitions in collaboration with Nigerian Export Promotion Council.

HOST STATE GOVERNMENTS

•  Provision of adequate spacious site that allows for future expansion.

•  Provision of functional building for offices and incubation units and renovation of same where necessary.

•  Provision of good access roads to the centre.

•  Provision of utilities (water, electricity, telephone, etc.) to the centre.

•  Provision of technology parks for the relocation of the entrepreneurs after graduation.

•  Promotion of the products from TICs

•  Any other functions necessary for the attainment of program objectives.

PRIVATE SECTOR ORGANISATIONS

•  Partner with relevant tiers of government for the establishment of TICs.

•  Partner with relevant tiers of government for the provision of post incubation infrastructure.

•  Take equity participation in companies of incubates and post incubation investments.

•  Invest in product development particularly those with value addition to their organization.

•  Take-up and translate commercially viable R&D results and innovation into enterprises.

ENTREPRENEURS

•  Provide Business Plan that translates commercially viable R&D results, inventions and/or indigenous knowledge into goods and services.

•  Provide take-off capital for the business.

•  Provide basic machinery for the take-off of the enterprise.

•  Provide raw materials for the enterprise.

•  Provide adequate management for the business.

•  Provide periodic report.

•  Abide by the rules and regulations of the TIP.

RESEARCH INSTITUTES/TERTIARY INSTITUTIONS

•  Provide technically feasible and commercially viable R&D results and inventions.

•  Provide technical support to the TICs.

•  Establish sustained Institutional linkages with the centers.

•  Collaborate with relevant tiers of government for the establishment of TICs.

•  Establish Institution-based Incubators to commercialize R&D results.