Mission statement
To develop and support new business ventures through commercialisation and industrialisation of innovative University research output and other market-related business opportunities.
Vision Statement
To be the leader in University-based business incubation and foster the growth and development of new products and services through innovation, commercialisation and industrialisation. Goal
Goal
To establish strong relationships among academic departments, corporate and technical partners and a multi-disciplinary innovation Hub team in the development of new products and services.
Our Motto
Our Minds - Our Hands - Our Destiny
Importance of research and innovation in the university context
Research and innovation play a crucial role in the mission of universities, contributing to academic excellence, societal advancement, and economic growth. Here are key reasons highlighting their importance:
Cutting-Edge Research:Universities are at the forefront of generating new knowledge across various fields, pushing the boundaries of what is known and understood.
Research fosters collaboration among different disciplines, leading to innovative solutions to complex problems.
Economic Development
Research fosters collaboration among different disciplines, leading to innovative solutions to complex problems.
Economic Development
By commercializing research findings, universities contribute to the development of new technologies and products, enhancing competitiveness in the marketplace.
Addressing Global Challenges:Research and innovation help tackle pressing societal issues such as health crises, climate change, and social inequality, contributing to sustainable development.
Universities often collaborate with local organizations to apply research findings in ways that directly benefit communities, enhancing quality of life.
Research-Driven Learning:Engaging students in research projects enriches their educational experience, fostering critical thinking, problem-solving skills, and practical knowledge
A strong research and innovation profile attracts top faculty, researchers, and students, enhancing the university’s reputation and educational offerings.
International Collaboration:Research initiatives often involve partnerships with global institutions, enhancing the university’s standing in the international academic community.
Universities contribute to regional and national innovation ecosystems, helping to position their locales as hubs of technological advancement and research excellence.
Attracting Grants and Investments:Successful research programs can attract significant funding from government, private sector, and philanthropic sources, providing resources for further exploration and innovation.
Continuous innovation and research output help secure ongoing financial support and investment in university programs and facilities.