This inventive capacity enables a nation to develop
assimilate and adopt new knowledge for innovative use and development of it for
wealth creation. Such capacity includes academic research facilities national
laboratories and industrial centers. Bangladesh should look into the
development of such capacity by forming partnership with industry and academia
within a academia within a well thought out strategy plan. Innovation capacity
should be created to apply new knowledge in the form of new products services.
Mechanism should be created for financing protecting intellectual property
transferring new knowledge to industry
managing innovation and doing marketing research. For entrepreneurial capacity
building support should be made available in the form of managerial knowledge
risk capital business contacts and physical. Risk of starting hi teaches
ventures should be managed so that a single failure must not jeopardize
salmon’s carrier. We have outlined the potential opportunities which may become
reality for Bangladesh through information communication technology. Unlike
many conventional theories we do not see an immediate software export
opportunity for Bangladesh by becoming competitive in it enabled services but
we see huge potential of domestic ict for the significant improvement of
economic productivity of Bangladesh in the production of goods and services
both in government and private sector.
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