Creativity, inventions and innovations are the critical factors in national development, economic growth and global competitiveness, as well as the basis of better future for humanity.

In order to reposition Nigeria for a greater contribution of invention and innovation to the national economy, a Presidential Standing Committee on Invention and Innovations (PSCII) was set up by President Olusegun Obasanjo and inaugurated by the Honourable Minister of Science and Technology in October, 2005.

Terms of Reference (TOR) Of (PSCII)

The terms of reference (TOR) of the PSCII amongst others include the following;

• To encourage invention in technology through commercialization;
• To examine any research claim and assess what can be done to take such claims to prototype and commercial level; and
• To suggest how funds could be sourced to finance the various stages of development from idea through prototype to commercialization.

It is pertinent to note that all the support that would be offered by the PSCII to Inventor and Innovator shall be guided by these TOR. The grant is given based on the grant agreement document prepared by the legal unit of the Ministry.

Membership of PSCII

The membership of the PSCII was drawn from relevant public and private sectors as follows: