A science and technology park, also known as a research park is a property based development that fosters the growth of tenant firms and affiliated with a higher institution of learning. The purpose is to facilitate sharing of knowledge, promote innovation and advance research to viable commercial products. Ubrica will facilitate design, development and implementation of 66 Science and Technology Parks (STPs) for Kenyan universities. We will also provide STP Development and Management Service through our Scientific Real Estate Development Division (SREDD). The Science and Technology Park Development and Management Service will involve setting out the strategy and objectives of the 66 new parks and deciding on the best model for implementation. SREDD will manage many complex processes and diverse relationships. We shall allocate 2 billion Ubricoins to fund design, development, implementation and management of 66 STPs in Kenya.
8.1. How Science and Technology Parks Benefit the Local Community
The Science and Technology Parks provide locations that foster innovation and development and commercialization of technology and where government, universities and private companies may collaborate.
Science parks may offer a number of shared resources such as incubators, program and collaboration activities, telecommunication hubs, reception, security, among others
Science parks also aim to bring together people who assist the developers of technology to bring their work to commercial fruition.
They can be attractive to university students who may interact with prospective employers.
Apart from tenants, science parks create jobs for the local community for example they may be built with restaurants sports facilities, etc.
Science parks catalyze community innovation.
8.2. Translation and Commercialization of Science
We opened dialogue with several Universities in Africa for commercialization of science. We developed a Science and Technology Park Development and Management and Technology Transfer Services Agreement that will be used to guide our relationships with Universities. This science and technology park development and management, and technology transfer or knowledge conversion services agreement will be made with UBRICA as the “Manager” and the University as the “Institution.”
8.2.1. Ubrica-University Science and Technology Park Management and Technology Transfer Services
In this agreement, Ubrica will provide two services to Universities, science park development and management services and technology transfer or knowledge conversion services.
8.2.2. Knowledge Conversion/Technology Transfer Service
Ubrica will establish a University Technology Transfer Office to facilitate the commercialization of University intellectual property, including patents and copyrights. Ubrica’s Technology Transfer Office (UTTO) will work with researchers and students in every college to prepare new inventions for the patenting process and potential licensing opportunities.
UTTO’s job will be to create sustained focus on transferring cutting-edge research and innovation to the commercial marketplace, generating revenue and diversifying the economy. The UTTO will have knowledgeable and professional staff with specialized backgrounds. The UTTO staff will work in collaborative teams to create markets, execute patenting and licensing of new ideas, discoveries and innovations, to translate them into the commercial products and services. The UTTO will be responsible for the development, protection, and utilization of intellectual property rights. UTTO will serve as the liaison of cooperative ventures between University and industry.
8.2.3. Start-Up Companies
UTTO will promote and facilitate business development and entrepreneurship by bringing researchers together with experienced entrepreneurs and investors to form companies for commercializing university technologies. The UTTO will create and foster new start-up companies that will create jobs and provide mutually beneficial relationships to advance technological innovations and to bring their services into the marketplace. UTTO will maintain an electronic database of start-ups based on university technology. The data base will be publicly available through Ubrica Website that people can view and invest directly.
8.3. Incentive Structure for Science Parks
We will create a reward system for the science park. Staff members who will work in collaborative teams to create markets, execute patenting and licensing of new ideas, discoveries and innovations will receive rewards. The Ubricoin will be used to provide discounting services for knowledge conversion enterprise in:
Exploration during the needs assessments and feasibility studies
Research for both qualitative (phemenological, ethnography and grounded theory) and quantitative research (non-experimental, quasi experimental and experimental studies)
Publication of original works, white papers, monographs, anectdotes and case reports
Translation of scientific knowledge which may include execution of patents, intellectual protection.
Commercialization of products of research.
The reward system will also facilitate the translation of innovations into commercial products and services. Researchers and students who will work with Ubrica’s Technology Transfer Office (UTTO) will also receive incentive.
We will build a structure for incentivizing. The university lecturers/professors who provide quality education by showing good class attendance and engaging students in practical work which will result to a high number of skillful graduates placed to employment. In addition, the lecturers/professors will be rewarded for doing a follow up on the students’ performance in professional life. They will further get rewards for the use of Ubricoin in financial transactions and buying products on Soko Janja.
8.4. STPS 2 BILLION UBNS
These coins will be sold in the year 2020 at US $5 per coin to support science and technology in developing countries. We will sell coins to facilitate the knowledge transfer from the universities to the industry. The 2 billion coins will be sold in four phases each phase raising funds to support different segment of this project.
8.4.1. Phase 1. Private sale
We will sell 100 million UBNs to facilitate the design of the STPs. Setting out the strategy and deciding on the best model for implementation. We require a lot of desktop and field research to understand the STPs scope and relationships. This will be done by a team of professional we will therefore, sell these UBNs to support this stage of STP development.
In this stage we will sell 300 million UBNs. This will be used for the development of STPs. We will identify and hire architects, engineers and planners who will be responsible for developing the project scope and planning the implementation of the STPs.
We will use the funds to support feasibility studies which will include physical planning, geotechnical studies, suitability analysis, architecture, engineering, economic planners, construction planning, security, information technology.
We will sell 1 billion UBNs to facilitate the construction of the STPs. We intend to construct 66 STPs in different Kenyan universities. These funds will be used to purchase land, entitlement and the construction material for this project. These funds will be used to monitor and evaluate the project
We will sell 600 million UBNs to support management of the STPs. We will use the funds to create a mortgage program to facilitate ownership of scientific real estate developed as innovation hubs. We will also create a reserve fund to support operation of innovation hubs within each STP, until breakeven. Operations of an innovation hub within an STP will be responsible for generating high quality research, idea innovation, translation/commercialization of knowledge into products and services that help solve local problems.
STPs will bridge the university with the industry and with the local community. To stimulate new innovation we will create a bounty programs to reward individuals or groups with new scientific ideas that will help provide solutions to our vexing problems. We will issue tokens to people who will
- do original research,
- publish the results of their original research,
- present the results of their research in scientific conferences locally and internationally,
- translate their research knowledge into commercial prototypes, and
- commercialize their prototypes into products of everyday use.