For Immediate Release

Cradle strengthens commercialisation framework for university-based research

Kuala Lumpur, 28 April 2011 – Cradle Fund Sdn Bhd (Cradle) today launched the Technology Transfer Mentoring Programme (TTMP), its latest initiative to support university and college technology transfer officers in developing better technology transfer processes via mentoring, capacity building and the implementation of proven technology transfer systems. “Currently, the majority of technology transfer offices (TTOs) in universities are not run by talents with technology transfer ecperience but rather, administrative and teaching staff. As these TTOs are menat to help commercialise university-based research, the commercialisation rates are thus lower than ideal at present,” said Cradle’s Initiatives Manager Kenny Mah at the briefing held in Cradle’s office today.

“Indeed, Cradle has received many requests from the universities themselves to aid capacity building for these TTOs. Besides, there has also been a call from the Government to increase the commercialisation rate of university-generated research. Cradle’s TTMP aims to improve the practices of existing TTOs and help implement a system that will enable TTO teams to easily and efficiently screen and channel the most viable projects for commercialisation,” Mah added.

Cradle CEO Nazrin Hassan said, “On the whole, we envision the TTMP as an initiative that will boost the technopreneurship landscape in Malaysia by improving the flow of academic-based research and development into the industry via more efficient commercialisation processes. Our universities are conducting a lot of valuable research, but a large proportion of this research may not be channelled into commercial use if the researchers are not assisted by an efficient framework to evaluate the commercialisation potential of this research. With the TTMP, we hope to empower the technology transfer officers to refine and package the viable ideas for grant applications and investor pitches, to help these ideas gain more funding and go further in the industry. In rolling out the TTMP, we are looking the bigger picture, not just to bring in more quality applicants for our home grants.”

The TTMP, scheduled to run from May to November 2011, is targeted at technology transfer office executives and officers from local public and private universities, as well as other key personnel involved in university research commercialisation. TTMP clinics will be conducted in Kuala Lumpur for the Central and Southern regions, Penang for the Northern and East Coast regions and Kuching for East Malaysia. For more information on the Technology Transfer Mentoring Programme, please visit http://www.cradle.com.my

“Currently, the majority of technology transfer offices (TTOs) in universities are not run by talents with technology transfer ecperience but rather, administrative and teaching staff. As these TTOs are menat to help commercialise university-based research, the commercialisation rates are thus lower than ideal at present,” said Cradle’s Initiatives Manager Kenny Mah at the briefing held in Cradle’s office today.

“Indeed, Cradle has received many requests from the universities themselves to aid capacity building for these TTOs. Besides, there has also been a call from the Government to increase the commercialisation rate of university-generated research. Cradle’s TTMP aims to improve the practices of existing TTOs and help implement a system that will enable TTO teams to easily and efficiently screen and channel the most viable projects for commercialisation,” Mah added.

Cradle CEO Nazrin Hassan said, “On the whole, we envision the TTMP as an initiative that will boost the technopreneurship landscape in Malaysia by improving the flow of academic-based research and development into the industry via more efficient commercialisation processes. Our universities are conducting a lot of valuable research, but a large proportion of this research may not be channelled into commercial use if the researchers are not assisted by an efficient framework to evaluate the commercialisation potential of this research. With the TTMP, we hope to empower the technology transfer officers to refine and package the viable ideas for grant applications and investor pitches, to help these ideas gain more funding and go further in the industry. In rolling out the TTMP, we are looking the bigger picture, not just to bring in more quality applicants for our home grants.”

The TTMP, scheduled to run from May to November 2011, is targeted at technology transfer office executives and officers from local public and private universities, as well as other key personnel involved in university research commercialisation. TTMP clinics will be conducted in Kuala Lumpur for the Central and Southern regions, Penang for the Northern and East Coast regions and Kuching for East Malaysia.

For more information on the Technology Transfer Mentoring Programme, please visit http://www.cradle.com.my