Incubation and Technology Transfer
INCUBATION AND TECHNOLOGY TRANSFER
One Associate Director along with other personnel of RISE will work together to achieve the goals and targets of this wing as outlined in the following.
Innovation and Start-up Incubator
RISE will have a wing—Innovation and Start-up Incubator—to work closely with industry, local and international, to collaboratively turn research expertise and business ideas into innovative products, services and processes. This will be the “front door” to launching great ideas and also provide a dedicated incubation and innovation space, making it easier for companies to utilize innovation support, expertise and facilities. The Innovation and Start-up Incubator will be designed to help connect ideas to action and move research from the lab to the marketplace. The Incubator will make it easier and more efficient for business and technology leaders to collaborate with student entrepreneurs and faculty researchers.
The Incubator will bridge the gap between innovations and the marketplace, connecting students, faculty and entrepreneurs to the funding, facilities and talent that are needed to bring an idea to life.
Advice and Mentoring
Innovation and start-up Incubator will offer tailored advice and mentoring for all entrepreneur- driven ventures that members and ex-members of BUET are about to start or are looking to grow. The Incubator will specifically provide advice in
- • Licensing of the incubated innovation
- • Commercialization and building strategic plans
- • Protecting intellectual property
- • Identifying customers and (sub-) licensees
- • Company incorporation process
Activities
- • The incubator will run a large number of diverse workshops and presentations throughout the year, covering a wide range of topics from general business advice, finance, technology and legal aspects.
- • As part of any new start-up, many entrepreneurs will be keen to seek funding to help them get their ideas off the ground. The RISE Incubator team will work collaboratively with an “Investor panel” made up companies and investment institutions, which will aim to supply funding and services to RISE Incubator supported start-ups.
- • RISE Incubator will provide the start-ups access to BUET alumni platform and help future entrepreneurs seek seed investment.
Technology Transfer Office (TTO)
The purpose of the RISE Technology Transfer Office (TTO) is to assist in maintaining, valuing, and transacting the transfer of all marketable intellectual assets/technology from university to real world applications. The TTO shall support the endeavour of innovation, entrepreneurship and economic development activities and initiatives in campus.
The main aims and objectives of TTO are to:
- • Assist faculty members/researchers/students/staff of BUET to file/manage patents, copyrights and trademarks, and other monetizable works.
- • Assist with the identification and invention disclosure process.
- • Assess the commercial value of research results/inventions made by faculty members/researchers/students/staff of BUET.
- • Protect intellectual property.
- • Facilitate relationships with industry for technology transfer and commercialization.
- • Design, negotiate and execute the technology transfer and licensing agreements with the industry and business firms.
- • Foster the growth of new businesses based on BUET research.