The Commercial Wing is engaged in activities essential towards commercializing the Intellectual Property (IP) developed at the university, business incubation and commercial projects with public and private sectors.
The Faculty Research Commercialization Program
This program essentially supports faculty members to transform their research endeavors into commercialized products and services. The program is open to all academic and non-academic faculty members as well as staff. The vision is to transform basic research into applied research through commercialization. The support from ORIC includes developing initial assessment plan, complete business plan covering marketing and financial statements and sources and licensing. The proposals are encouraged throughout an academic year’; whereby team ORIC and external reviewers with business and financial expertise screen them for incubation. The criteria to review is based on level of innovativeness of business idea, market potential, quality of research personnel, revenue and job creation potential, availability of corporate and institute’s funding sources and the overall impact of business idea upon society in general.
The Student Research Commercialization Program
Students at CUI Lahore campus are highly encouraged by ORIC Lahore to focus on becoming employers rather becoming an employee. Entrepreneurship is not only taught at the campus rather implemented practically too. Students can submit their business plans proposals to ORIC year round. Team ORIC and external reviewers with business and financial expertise screen them for incubation. The selected business proposals are notified and the students are provided office space, finances and other office accessories for six months under C2: Cubator 2 platform. If the business generates some revenue during six months of incubation; then it is commercialized at a larger scale.