Transforming research findings into commercial products using technological innovations for national development

Research outcomes seem to be under-utilized in Nigerian enterprises. As such, this paper examined some essential elements that could be considered as judicious elements in the dissemination of research findings for practical use in the Nigeria enterprise sector. Thus, research findings can be efficiently transferred from the research fields into the commercial or production settings. The applied knowledge from a pool of research findings of new designs, manufacturing tools, new ideas and the utilization of knowledge-based innovations can be better maximized using appropriate channels. This effort would increase revenue capacity, profit efficiency and the general growth of the nation’s economy. Furthermore, the process of transforming research and development into innovation cannot be taken out of context, and therefore, it should be treated as a component of the national innovation project. Finally, research institutions need to play a more active role in their relationship with the enterprise sector in order to maximize the use of the research oriented innovations.