A proposal for innovation and technology transfer at CUT

Abstract

Vision 2020 represents the preferred developmental way forward for the Central University of Technology, Free State (CUT). It defines the intention of greatly increasing the involvement of its staff and students in innovation and technology transfer activities, resulting in the CUT having a greater effect on the socioeconomic development of the region. The article describes educational processes that would prepare graduates for such activities, as well as financial and other support measures to assist (prospective) entrepreneurs to convert research outputs into commercially viable products. The potential value to such individuals of participating in formal innovation and incubation activities is also described.