A guiding framework for promoting public-private partnerships in research and innovation: Evidence from a developing country context

Abstract

Public-private partnerships have long existed in literature, primarily in the construction sector. However, there is a paucity of research on the research and innovation ecosystem. This research aims to develop a framework for promoting public-private partnerships in research and innovation to foster public-private linkages. Primary data was collected from 192 participants selected from public and private sector organizations. The relative importance index was used to rank key elements for promoting public-private partnerships in research and innovations. The best practices include sharing knowledge, engaging in win-win partnerships, and establishing innovation hubs and intellectual property policies. Effective elements include leveraging innovation in geographical proximity, a supportive regulatory framework, joint financing of research equipment and tax incentives for research equipment. Priority sectors include renewable energy, smart agriculture and education. Websites and direct engagements are essential platforms for engaging in collaborations. The research recommends that the government should provide seed funding to support the early phases of the research and extend tax exemptions for research equipment and infrastructure. Research institutions should establish innovation hubs and operationalize intellectual property policies. The study proposes a framework for promoting public-private partnerships in research and innovation in a developing country like Zambia.