Home Business Poor funding hinders commercialisation of inventions – inventor

Poor funding hinders commercialisation of inventions – inventor


ABUJA – A scientist, Mr Maxwell Jesuloba, said on Thursday in Abuja that poor funding was a major hindrance to the commercialisation of scientific inventions in the country.
Jesuloba stated this in an interview with the News Agency of Nigeria (NAN).
“My invention is a device that is called the Matrix Gauze and it is a data authentication and verification device. It is a device that is meant to check data falsification.[pro_ad_display_adzone id=”10″]
“When a document is given to somebody or when you enter an agreement documented with somebody, you need to be able to secure such an agreement.[pro_ad_display_adzone id=”10″]
“You want to be certain that the value of the figures like dates, numbers, election results, date of birth, among others are not alterable.[pro_ad_display_adzone id=”10″]
“So we have invented a new set of characters that can be used along with the conventional Hindu/Arabic characters of 0-9. The new invented characters cannot be falsified.
“However, the commercialisation of this device has been a great challenge because of the huge capital required to produce it,’’ Jesuloba said.[pro_ad_display_adzone id=”8″]
According to him, many scientists in the country are handicapped because they lack the means to mass produce their work and this has not helped their development.
“If we use the data authentication device in various sectors of the economy, even during elections, it will contribute to our national growth.
“This is a high tech infrastructure which will require a lot more funding than we can provide because we do not have the technology to develop high tech inventions.
“The main challenge we are having now is just getting investors to be able to do the mass production of the device.
“So, I urge investors to come and invest in it,” he said. (NAN)

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