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. The USTP will focus on quality of knowledge. Quality knowledge will lead to production of quality commercial products developed using data collected from the local communities. Ubricoin will facilitate design, development and implementation of Science and Technology Parks (STPs) adjacent to the African 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 new parks and deciding on the best model for implementation. SREDD will manage many complex processes and diverse relationships.
University Science and Technology Parks benefit to the community
The Science and Technology Parks provide locations that foster innovation and development and commercialization of technology and where government, universities and private companies will collaborate.
- Science parks will 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.
- Science park will produce quality product that are relevant, fit and have working capacity.
Knowledge Conversion/Technology Transfer Service
Ubrica will establish a University Technology Transfer Office (UTTO) to facilitate the commercialization of University intellectual property, including patents and copyrights. 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.
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.
Incentive Structure for Science Parks Using Ubricoin
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 and
- commercialization of products of research.