Strategic Innovations Commercialization Partnership: CBaaS & CSL Collaborative Forum
Innovations Commercialization collaboration meeting with Company Building as a Service (CBaaS) and Centurion Systems Limited (CSL)
Maasai Mara University has quite a number of Intellectual Properties (IPs) that have already been registered with various registration bodies in Kenya. The IPs are yet to be fully optimized as far as commercialization is concerned. It is for this reason that a meeting was held on Monday, 24th February, 2024 in the University Senate Boardroom between the University Research, Innovation & Outreach Division and two International Venture Capitalists i.e. Company Building as a Service (CBaaS) and Centurion Systems Limited (CSL). The meeting intended to commercialize some of the University registered Intellectual Properties (IPs) with CBaaS in an international platform.
The team from Maasai Mara University was represented by Prof. Francis Mburu, Ag. DVC (Research, Innovation & Outreach). CBaaS was represented by the Company Co-Founder and Global Development Partner, Mr. Andre Verma from the Netherlands whereas CSL was represented by Dr. Kevit Desai, who is a Partner at CBaaS and the Co-Founder of CSL. Three of the University registered innovations were presented to the investors. The students were requested to onboard their innovations to the CBaaS platform for further evaluation to commence. This would be followed up by signing of License Agreements with the Innovators after which the innovators would receive 25% undiluted shares for three years as commercialization proceeds in United Kingdom (UK). Should the IP not have made significant profits after the three years, CBaaS will give it back to the Innovator with $100,000 (approx. Ksh. 12.5M). The team also agreed to work on a joint MoU and formalize it in the soonest possible time.
