CSIR Launches Technology Commercialisation Enterprise – C-Cubed
CSIR Launches Technology Commercialisation Enterprise – C-Cubed. The Council for Scientific and Industrial Research (CSIR) has officially launched a commercialisation enterprise, named CSIR C3 (pronounced as CSIR C-Cubed) to accelerate the pace and increase the scale of the commercialisation of its technologies and intellectual property (IP).
A fully owned CSIR company, CSIR C3 will have dedicated capacity to drive all aspects of technology commercialisation, providing adequate financial resources along the technology de-risking process through to commercialisation. The standalone enterprise will hold all CSIR IP and act as an incubator for start-up enterprises underpinned by strong technical and non-financial support. It will enable the commercialisation of CSIR IP through the development of a network of investors and entrepreneurs.
CSIR Board Chairperson, Vuyani Jarana, said the CSIR developed many technologies and products that are ready to be de-risked, scaled up, and taken to the market. He believes that the establishment of CSIR-C3 is an important turning point for the organisation. “The CSIR has sustained a track record of contributing to industrial development through the development of technologies that improve the performance and competitiveness of existing industrial products, processes and services,” he explained.
CSIR CEO, Dr Thulani Dlamini, said the commercialisation enterprise will seize the opportunity to monetise the organisation’s IP at a greater scale and pace to achieve impact. “Through this initiative, we will collaborate with various partners to create innovation-based companies, to support the reindustrialisation of our economy,” said Dlamini.
The Council for Scientific and Industrial Research (CSIR) is a leading scientific and technology research organisation that researches, develops, localises and diffuses technologies to accelerate socioeconomic prosperity in South Africa. The organisation’s work contributes to industrial development and supports a capable state.
