DEVELOPING A COMMERCIALIZATION PROCESS MODEL

(A CASE STUDY OF FEDERAL POLYTECHNIC OFFA, KWARA STATE POLYTECHNIC, ILORIN AND UNIVERSITY OF ILORIN, NIGERIA)

BEING AN AMALGAMATION OF THE THREE PERIODIC REPORTS EARLIER SUBMITTED IN RESPECT OF TETFUND’S IBR EFFORTS

By:

Olowookere, S.O and  Yusuf, S.

2017

ABSTRACT

Commercialization Process in this context is a sequential algorithm of monitoring Research efforts from topic formulation to implementing its findings to become a utility service or product. A pilot study was done in Universiti Utara as a postgraduate research (Adebayo 2012). The current research is an attempt to localize the idea in the Nigeria setting;

with three tertiary institutions as a case study. Survey Questionnaires for Academic Staff and selected students of the three institutions were administered as research instruments. Findings revealed that there is not yet formal algorithm strictly followed in the setting investigated, therefore not much of commercialization of tertiary institutions’ students’ research findings is being commercialized. To improve the situation, a Model- Commercialization Process Model (CPM) was created with 14-point sequential algorithm towards monitoring commercialization of students’ research findings by partnering of institutions with industries.