Finance and Public Service Minister, Dr Nigel Clarke, is charging research institutions in Jamaica to actively pursue ways of commercializing their work.

The Finance Minister says research is necessary to drive innovation and entrepreneurship.

Dr Clarke says it’s an element Jamaica needs to work on if it’s to realize its full potential.

He says the government is partnering with the Inter-American Development Bank, IDB through the Development Bank of Jamaica, DBJ to accomplish this goal.

Meanwhile, Minister Clarke says he’s motivated by the revelation that the Vice Chancellor of Cambridge University was awarded businessman of the year several years ago.

He says the university’s scientific and digital breakthroughs have yielded much profit.

Dr Clarke says Jamaican research can do just as well.

Dr Nigel Clarke, Finance Minister, speaking on Wednesday at the opening of the Mona School of Business and Management’s 4th Business and Management Conference in Kingston.