Unovate is a combination of the Chinese character ‘优’ and the English word ‘innovate’. The new word means ‘excellence in innovation’. This is in line with UTAR’s new Chinese name ‘优大’. The business incubator was established on 17 January 2018.
Unovate Centre has the following objectives:
To foster an entrepreneurial culture in the campus.
To nurture and accelerate the successful development of young businesses or start-ups during their early years.
Shared physical space
High-speed Internet access
Assistance to set-up the company
All registered UTAR students, staff & alumni who have graduated within 2 years can apply to lease a space in the business incubator.
UTAR students, staff & alumni must jointly own at least 51% of the for-profit commercial business during application time.
Term of leasing
Each incubatee can only lease up to a maximum of 2 years
UTAR students who have graduated can continue to lease the space but is subjected to Clause (a) above.