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

  1. To facilitate the creation of new techniques, technologies, products, new businesses and generating licenses and consultancy emanating from the University’s original research projects.
  2. To act as liaising office between the University and the Intellectual Property and Technology Transfer Office (IPTTO).
  1. Advises and receives reports of inventions and assists in applications for intellectual property rights, mostly patenting for both CBU and non-CBU members.
  2. Performs due diligence review on new invention disclosures, marketing and commercialization of the innovative new products.
  3. Promote and communicate innovative activities through organized periodic exhibition of research output from the University.
  4. To identify researches and projects across the University that demonstrate clear commercial or social value.
  5. To stimulate technology incubation of new inventions in collaboration with Centre for Entrepreneurship.
  6. To identify potential users (investors, industry, government and entrepreneurs) of University’s research outputs with the aim of knowledge transfer/sharing.
  7. To provide technical and logistic support in the thematic and non-thematic research areas to generate Intellectual Property (IPs) rights.
  8. 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.
  9. 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.