To utilize the research outputs such as technologies, processes, approaches and products from Colleges/Schools/Institutes of the University of Dar es Salaam and other research and development institutions in the country to contribute significantly in creation of new economic activities.
To put in place mechanisms that allow academic staff, graduates and individuals to convert their research outputs and/or business ideas to commercial companies.
To establish a proper licensing system including Intellectual Property Rights (IPR) regime that would assist the promotion of effective commercialization of research outputs to encourage and reward innovation by Research and Development Institutions.
To develop entrepreneurship knowledge, skills and competencies of academic staff, students and business people to create opportunities for self-employment and start-up businesses.
To identify new markets based on research, thus creating new enterprises based on priority areas that could bring impact to socio-economic development of the country including diversifying of rural economies.
To attract investment in innovation and commercialization of research results by creating funding mechanisms (Product Development Fund ) while increasing the scope and size of risk capital in the country.
To collaborate with various experts in innovation and technology transfer world-wide to nurture innovation, entrepreneurship, intellectual property rights and technology evaluation.
To establish partnerships with local, regional and international industry for regular exchange and communication to ensure research outputs are demand-driven and responsive to industry and market needs.
To provide incubation services to all sectors of economy.