New public-owned entity to “drive leading technologies and innovations to the market”
South Africa’s Council for Scientific and Industrial Research has launched a R100 million (US$5.3m) technology development and commercialisation company.
The company, which was announced on 25 October and is named CSIR C3 (pronounced CSIR C-cubed), is fully owned by the CSIR. It will hold the council’s intellectual property and incubate startup enterprises, “de-risking” the process by providing “adequate financial resources” for commercialisation, the council said in a statement.
CSIR Technology Commercialisation Enterprise – C-Cubed | CSIR