University of Nairobi staff actively involved in research have been challenged to innovate and invent products, patent the products and benefit from the copyrights and intellectual property rights that can run to millions and billions of shillings.
The two days’ workshop, organized by Intellectual Property Management Office, IPMO, was conducted from February 5-6, 2020 at the University of Nairobi Towers.
Technology transfer is about turning ideas into products. The researchers were told. Seasoned businessman Navin Chandra, the Chief Executive Officer, Transwood took the researchers on a series of steps of what it takes to be an entrepreneur. Having been in business for 25 years, Navin observed that a businessman needs a goal. The goal helps him make money within a given time. He needs to be focused. He needs faith and confidence. Though he fails, he keeps moving knowing very well that his goal is success. He needs to be dedicated in horning his skills to be the best he can be. Lastly, a business person needs to be accountable and to be very vigilant and change with market trends.
According to Navin Chandra, products that will be commercialized needs to be unique, with quality packaging. Such products need to be patented with Kenya Intellectual Property Institute (KIPI) and World Intellectual Property Organization (WIPO). To gain an edge in the market, a businessman needs to develop trust with suppliers, employees and consumers. Navin advises that such products needs a short brand name that is easy to pronounce and easy to remember.
