The Addis Ababa University launched a Technology Business Incubation Center at the former School of Pharmacy of 5 kilo campus on June 6, 2017.

The establishment of the center provides tenants with working space, equipment, technological support and entrepreneurial skill all under one roof.

The center is also deemed pivotal in commercializing research outputs.

In his opening remark, AAU President, Professor Admasu Tsegaye stated: “the Center is of paramount significance to foster regional economic development by providing managerial assistance, technical assistance, and shared access to basic office services and equipment to tenants.”

Professor Tassew W/Hanna, Vice President for Research and Technology Transfer, for his part noted that the AAU has been undertaking vast research activities for decades that help curb social problems. The major challenge, he explained, has been that they have only been shelf bound.

“The establishment of this center provides a good starting point for implementation of research findings and commercialization of research outputs,” he added.

Five innovative technology business projects already underway at the center were presented during the launching ceremony. Projects on the preparation of native cassava, dioscorea and enset starches for industry application and green shift electric vehicle were among the projects presented.

The mission of this center is to allow clients minimize costs associated with setting up the necessary facilities, equipment, services for a business environment and encourage creativity that can commercialize research out.