Appraisal of government efforts on commercialization of research and development (R&D) through technology incubation centres in Nigeria

This study evaluates government efforts on the commercialization of Research and Development (R&D) through Technology Incubation Centres in Nigeria. Mix research design was employed. The designs are descriptive survey and documentary research design. Two method of data collection were used in this study; primary and secondary. Finding from the study reveals that, Government through the TICs has provided infrastructures (laboratories, mechanical & technical workshop). These infrastructures have significantly impacted on the commercialization of Research & Development (R&D) result. The study concludes that, the Government infrastructures such as production units, laboratories; mechanical & technical workshop, quality control lab, equipment, electricity supply and water supply have enhanced the commercialization of R&D Result. Finding from the study reveals that, Government through the TICs, bank of Industry, Central Bank of Nigeria, World Bank have provided Loans and grants to incubatees. The Loans and grants have effectively aids commercialization of Research & Development (R&D) result. The study concludes that, loans and other financial institutions through the government effort have enhanced commercialization of Research & Development (R&D) result. The study therefore recommends that, Government should further provide funds for the provision of more infrastructures so as to ensure technological transformation through commercialization of R&D. Financial Institutions in Nigeria should provide loan and grant to all the incubatees admitted in technology incubation centres. This would further strengthen their capacity to produce quality product that can compete globally