The successful transfer of new technologies from the research laboratory to the commercial sector has many benefits: the creation of wealth, new jobs and new solutions to society’s problems:
Functions of the Innovations, Technology Incubation and Commercialization Unit
- To facilitate the creation of new techniques, technologies, products, new businesses and generating licenses and consultancy emanating from the University’s original research projects.
- To act as liaising office between the University and the Intellectual Property and Technology Transfer Office (IPTTO).
- Advises and receives reports of inventions and assists in applications for intellectual property rights, mostly patenting for both CBU and non-CBU members.
- Performs due diligence review on new invention disclosures, marketing and commercialization of the innovative new products.
- Promote and communicate innovative activities through organized periodic exhibition of research output from the University.
- To identify researches and projects across the University that demonstrate clear commercial or social value.
- To stimulate technology incubation of new inventions in collaboration with Centre for Entrepreneurship.
- To identify potential users (investors, industry, government and entrepreneurs) of University’s research outputs with the aim of knowledge transfer/sharing.
- To provide technical and logistic support in the thematic and non-thematic research areas to generate Intellectual Property (IPs) rights.
- To provide incentives and challenges to the Departments, Units and Centers to generate IPs from their original research works and showcase all the IPs so generated locally and internationally.
- To create a stock of commercially viable knowledge-based product for the University.
To attract contract research between the University and corporations, governments and others.