The University of Malaya Centre of Innovation and Commercialization (UMCIC), incepted on 21 January 2009, were previously known as the Technology Transfer and Commercialization Unit, under the Institute of Research Management and Consultancy. Initiated on 1st July 1998 as the Department of Business Development Chancellery, University of Malaya for the purpose of commercializing UM research products, services and technology resulting from research activities of UM. Its Director is Prof. Dr. Ir. Fatimah Ibrahim.
UMCIC facilitates the University of Malaya’s inventors, academicians and entrepreneurs/technopreneurs to actualize their ideas, concepts and research products for viable commercialization. UMCIC seeks to provide linkages between organizations and individuals with new technological innovations with a view towards commercialization. The focus of UMCIC is on activities relating to intellectual property, innovation, technopreneurship, technology transfer, licensing, and business development for the university.