The Research Division of the National Science Foundation (NSF) and the Small Enterprises Development Division (SEDD) under Ministry of Youth and Sports came together for a preliminary meeting on February 13, 2024 at NSF. This collaboration marks a significant stride towards fostering small and medium-sized enterprises (SMEs) in our country. The meeting laid the foundation for a new initiative under the NSF program titled "Research into Practice." The primary focus is on establishing strategic partnerships for the development of SMEs. SEDD, recognized as the largest government facilitator for small enterprises development in the country, brings its extensive expertise to the table. This collaboration is poised, to unlock immense potential in bridging the research and practical application.
The core objective of this initiative is clear – to support government economic development by promoting wealth creation through research and innovation. By bringing together the intellectual prowess of NSF and the practical experience of SEDD, the partnership aims to translate cutting-edge research into tangible solutions for SMEs, streamline scattered value chains of sectors of SMEs, promote technology transfer and innovation culture in SMEs. This dynamic approach holds the promise of not only fostering innovation within small enterprises but also contributing significantly to the broader economic landscape.