Established in 2009, UKM Technology Sdn. Bhd. is the wholly owned Technology Transfer Company of Universiti Kebangsaan Malaysia (UKM), the National University of Malaysia. It is entrusted to accelerate the commercialization of UKM’s R&D and Intellectual Properties. It is also the Holding Company for UKM start-up companies.
UKM’s management approved PIK’s proposal for the new structure of PIK and UKM Technology Sdn. Bhd. Starting 1st January 2017, UKM Technology Sdn. Bhd. acts as a special purpose vehicle (SPV) for holding IPs ready for licensing and outright sales and will be the counter-party for such contracts. It will also receive the revenue for such efforts which will be divided out to UKM proper.