Aug 22, 2016 BIH News, Media Release

BIH Set To Become A Regional Technology Commercialization Centre

Media Release

Botswana Innovation Hub Set to Become a Regional Technology Commercialization Centre

Botswana Innovation Hub, Chief Executive Officer, Alan Boshwaen signed a Memorandum of Understanding (MoU) which will see the company become a regional technology commercialistation center. Boshwaen signed the MoU with the Director of Global Commercialization Centre (GCC), Professor Munkee Choi and Director of Global IT Technology Program (ITTP), Professor JaeJeung Rho both from the Korea Advanced Institute of Science and Technology (KAIST). The MoU which was signed on Monday outlines the three parties’ technical cooperation through shared mutual assistance and promotion of technical cooperation.

Outlined in the MoU is how Botswana Innovation Hub, KAIST GCC and ITTP (IT Technology Program) will work with the National Technology Transfer Office (TTO) resident at the Botswana Innovation Hub to share mutual assistance and promote technical cooperation. The MoU defines technical cooperation as building a cooperative network between Korea and Botswana through the TTO as a regional hub of GCC with the aim of promoting global technology transfer and commercialization.

The envisioned technology transfer and commercialization will be underpinned by technology demand surveys that have been conducted through the TTO. More technology demand surveys have been planned and these will help identify and promote cooperation in Korean or Botswana research, technology and innovation agencies, industries and firms with promising technologies to promote value creation in economies.

The parties further undertake to work towards the development of technology commercialization business models and support business activities for participating companies and agencies to implement and expand partnership opportunities in both Korea and Botswana. They will also jointly conduct conferences, forums, workshops and several other activities that advance knowledge and strengthen human capital relevant to innovation capacity.

(Left to Right): Former Minister – Ministry of Science, ICT and Future Planning and current Director in the Department of Business and Technology Management KAIST Professor Munkee Choi, Botswana Innovation Hub CEO Alan Boshwaen and Director of Global IT Technology Program (ITTP),KAIST Prof. Jae Jeung Rho.

Speaking at the signing ceremony, Professor Munkee Choi who is also Korea’s Former Minister in the Ministry of Science, ICT and Future Planning said “The parties will develop technology commercialization business models and support business activities for participating companies and agencies to implement and expand partnership opportunities in both Korea and Botswana.”

He said the GCC technology commercialization method entails a three pronged approach with includes Product Localization (PL) where an ICT product or service requires support for the commercialization process in the domestic or foreign market; Co-Project (CP) which seeks for partners with sufficient technical expertise to collaboration in order to commercialize product or service; and Technology Transfer (TT) which imparts technological and intellectual property to further development of products or services.

Speaking on behalf on Botswana Innovation Hub, Boshwaen said Botswana Innovation Hub is incorporated as a company that is developing and will ultimately operate the country’s first Science and Technology Park, “Networks and collaborations between academia, public and private sectors help build a vibrant national innovation ecosystem and we are happy with this latest endorsement as a regional technology commercialistation center.” –End

Tigele Mokobi

PR and Communications Manager

About Botswana Innovation Hub

Botswana Innovation Hub is incorporated as a company to develop and operate Botswana’s first Science and Technology Park. Around this Botswana Innovation Hub is building opportunities in tenancy, membership, a globally-connected innovation ecosystem, state-of-the-art facilities and world-class client services.

At the core of its work, the company proposes a three-pronged national strategic goal; being economic diversification, job creation, and moving the country towards a knowledge-based economy. Botswana Innovation Hub aims to develop advanced Science and Technology innovation capital and activities in the country by attracting innovators, channeling the requisite support services and conditioning the investment climate.

The park creates an environment that supports start-ups and existing local companies as well as attract international companies and institutions to develop and grow competitive technology driven and knowledge based businesses.

Alan Boshwaen

Chief Executive Officer

Botswana Innovation Hub

Tel: +267 3913328

About Global Commercialization Center

Global Commercialization Centre was established at Korea Advanced Institute of Science and Technology (KAIST) to accomplish global commercialistation of domestic ICT and Science and Technology for developing countries. KAIST GCC plans to construct a global cooperative network between Korea and developing countries to provide a systematic support for global technology transfer and commercialization. While building a global cooperative network, KAIST GCC collaborates with Global IT Technology Program of KAIST (ITTP) which is an IT customized international scholarship education program for foreign countries.

KAIST GCC will support many domestic institutes and companies to connect with partner companies in developing countries and open a new era of hope and happiness for our global development of international society through innovative technology commercialistation.

Professor Munkee Choi

Director Department of Business and technology of KAIST GCC

Former Minister – Ministry of Science, ICT and Future Planning

Tel: +82-42-6845(6393)