The purpose of technology incubation in UIRI is to effectively link talent, technology, capital and know how to leverage entrepreneur talent in order to accelerate the development of new firms and thus speedup the uptake of technology within economy and growth of private industry. The production system department performs the following functions as regards to business incubation;
- Assist innovative, early stage entrepreneurs with mentoring and support in strategy and practice of growing a sustainable business.
- Improve enterprise performance, enhance profitability and growth, offer technology and management support to SMEs to enable them to develop their innovations to full commercial potential.
- Support to source funding, market penetration and entrepreneurship.