NUST licenses out 5 more Intellectual Property Rights (IPRs) to the industry in a ceremony held at NUST Islamabad campus, on October 25, 2019, Driven by its thrust to bring about economic revolution through technological intervention and cutting-edge R&D, NUST has been sparing no effort to transcend itself as the leading giver of university-based technologies to the industry. The transfer of 5 more to the industry this year has taken the overall count of transferred IPRs to 12.
The licensing agreement for “Reshaping Online Consumer Experience with Data-Driven Personalised Chatbots” was signed between NUST and Aarz Media Pvt Ltd, at NUST Islamabad campus. Waqas Mushtaq, Co founder and MD at PackageX & VisionX, signed the agreement on the behalf of Aarz Media Pvt Ltd. The IPs belong to Dr Faisal Shafait of #SEECS and his research associates. The developed system has the potential of bringing a major shift in the way chatbots are viewed by the e-commerce industry. NUST is also currently in talks with few other companies to license out its other IPs having societal impact and are in the market-ready state.
October 25, 2019