STUDENTS AND STAFF PERCEPTION TOWARDS DEVELOPING MARKET- DRIVEN RESEARCH PROJECTS FOR COMMERCIALIZATION AND PATENTING
In developed and developing nations, the desire to solve societal problems has been the basic for a market-driven research project. It is imperative for research output not to end up on the latent state but rather further transformed to industrial needs relevant to both private and public sectors. The need for innovative research that generates entrepreneurial income to the researcher, institutions and the global communities should be embarked upon. There is need to create awareness among students’ and staff to embark on a research project that could lead to commercialization and patenting. This study sought to find out students’ and staff perceptions towards developing market driven research project with outputs for commercialization and patenting. This study adopted survey method and expo-facto research design. A self- constructed questionnaire was administered to 19 academic staff and 32 final year students of a tertiary institution of technology in Lagos, Nigeria. Descriptive statistics such as frequency count, percentage and mean were employed to analyzed data gathered. It was discovered that all (100%) of the students opined that there is need to undertake project that could solve societal and industrial problems. Also, 87.6% agreed on the need to derive benefits of entrepreneurship from their project outputs and would like to create entrepreneurship from their current research project. Also, 90.5% of the students opined on the need for market driven project outputs that can be commercialized. It was also revealed that all the staff were convince their students can produce market driven research projects while 94.8% agree to link their research findings to the industry for commercialization and further their student’s project towards patenting. The study also revealed that student’ perceptions towards patenting and commercialization are high with weighted mean of 3.58 and staff perceptions towards patenting and commercialization is also high with weighted mean of 3.72. It is evident that if staff and final year students of this institution are encouraged and motivated to conduct market- driven project with necessary support mechanism put in place, there would be generation of high quality inventions and innovations.