Abstract:
While preceding studies on commercialization of university research have indicated remarkable positive
correlation in universities elsewhere, the commercialization of scientific research remains a major
challenge among universities in most developing economies such as Zimbabwe as evidenced by no
university based spin off companies, minimum revenue generated from university based research projects
and few Intellectual Property applications submitted to ARIPO by Zimbabwean universities. The pace of
research commercialization among academics has been low and discouraging thus the gap in literature
research and practice. The research sought to investigate the disparity and contradiction of non commercialization of research from the contextual issues that govern the University research
commercialization process. The main purpose of the study was to investigate the effect of contextual
factors have on the commercialization of scientific research conducted at universities in Zimbabwe. The
study adopted an explanatory sequential mixed approach where quantitative data is collected through
questionnaire collection method followed by qualitative data collected from key informant semi-structured
interviews. The cross sectional survey gathered quantitative data from a stratified random sampling of 269
scientists across the universities in Zimbabwe and qualitative data from a purposive sampling 12 key
informants. Data was approved through exploratory factor analysis, convergent validity and discriminant
validity prior to completing structural equation modelling using SPSS® version 21 and AMOS® version
21. Qualitative data was analysed using NVivo thematic analysis where data was coded and categorized
into themes and meanings. The study findings indicate that internal contextual factors and external
contextual factors positively influence research commercialisation. Results imply that academic
researchers’ intention to commercialize research is strongly influenced by benefit derived from the
engagement. University processes were viewed as lacking in openness, as well as lack of knowledge on the
research market cycle and the researchers lacked capacity to compose a business plan. The study
discovered that scientists lack time constraints, long-term strategies and continuity, and the necessary
facilities for conducting proper research. The study recommends that universities focus on addressing the
individual financial and benefits motivational factors and the subjective norm of recognition in order to
enhance commercialisation of academic research in Zimbabwe. Universities are recommended to engage
industry as early as the proof of concept stage in order to determine the market potential and profitability
of the invention. Government is recommended to provide a clear procedure of assessing research funding.
Government should avail funding to continuous update equipment in the innovation hubs to keep with
technological trends. Innovation hub personnel should facilitate good university-industry relations
throughout the research cycle.