ACEDHARS UNILAG: African Centre of Excellence for Drug Research, Herbal Medicine Development and Regulatory Science.

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(posted On: Wednesday 13th of July 2022 09:01:56 PM)
As part of its vision to build up manpower on quality assurance, standardization of dosages, and reproducibility of herbal preparations, the African Centre of Excellence on Drugs Herbal and Regulatory Science (ACEDHARS) recently organized a three-day workshop titled ‘Building Entrepreneurship Capabilities of Drugs & Herbal Medicine Researchers’. The workshop was specifically for researchers and academics in the space of herbal medicine. It afforded participants a rare opportunity in enhancing their skills as entrepreneurs. There was an engagement with stakeholders in the Entrepreneurship Ecosystem that exposed participants to the concept of stakeholders and how stakeholders’ engagement can be effectively managed in a developing context. The primary case studies of the university-based entrepreneurship ecosystem in Nigeria and other African countries were also examined as part of the different modules taught during the workshop.   The team of participants were in the company of the Director of the Entrepreneurship and Skill Development Centre, University of Lagos, Professor Sunday Adebisi; his Deputy, Dr Ayodele Shittu; Centre Leader, ACEDHARS, Dr Omobolanle Ade-Ademilua, and other notable Faculty members as facilitators.  During the workshop, the participants were also made to understand how opportunities and potentials within and outside their core research discipline, and the distinguishing feature between the businessman, market woman and an entrepreneur. Other areas of interest touched were design thinking, and intellectual property (IP), which stand out among the noble outcomes of academic entrepreneurship.  Some of the learning objectives in the area of IP include the steps toward starting and registering a business, the possible legal frameworks for commercialisation and the steps in product commercialisation.Another major area of discussion was teaching the participants ways to understand the Basics of Financial Sustainability. It was identified that start-up financing remains an area of concern limiting the growth and development of research-driven start-ups in the university-based entrepreneurial ecosystem. At the event, Professor Sunday Adebisi emphasised that there was a need to continue to walk the path of Objective 4 (section -2: Student matters) on page 55 of the Medium Term Goals of the 25-year strategic plan of the University of Lagos which states “To promote Self-reliance, Entrepreneurship and Exemplary Leadership skills and capacity in our students”. To this effect, he averred, the program will make leeway for the participants’ to access employment or create their own entrepreneurial opportunities in the fourth industrial revolution which conforms to the already established entrepreneurship drive of the university. After a rigorous exercise and field research work amongst the teams, they were made to pitch their works for assessment. The teams were Team Yankari Games Reserve, Team Pleasure Park, Team Obudu Cattle Ranch, Team National War Museum and Team Zuma Rock. The Centre Leader of ACEDHARS appreciated the participants and the facilitators for  their unflinching support of the event which saw Team Zuma Rock emerge as winners. She urged the participating members to bring to use the knowledge they have acquired during the training in order to impact society. The event which was held at the Yaba College of Technology between June 21st - 23rd, 2022 also witnessed the presentation of certificates to each of the participating teams.   

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