Research Commercialisation
Research Commercialisation
Research Commercialisation
Research Commercialisation is a concept where it is involved in promoting university-industry-investor collaboration, technology transfer, and start-ups. This concept is facilitating commercial interactions between universities and industry, and at providing participants with a unique opportunity to form new commercial partnerships.
Although most of the individuals, universities, and research & development institutes innovate new products and services, due to the lack of entrepreneurial skills and knowledge, they are not commercialized. On the other hand, students qualified from vocational training institutes do not have the initial capital for purchasing new machinery & equipment will not engage in a startup or an expansion. therefore, the incubator center of the National Enterprise Development Authority provide them with those required facilitates along with giving knowledge on production, marketing, financial management and HRM through ITTCs for them to enable to continue with their businesses effectively.