establishment of a high-technology incubator. This partnership aims to create a new dimension that combines the strengths of the university and the CSIR with those of business and the government in order to stimulate economic activity and offer opportunities to commercialise local, innovative technologies. SERA (Pty) Ltd has a 50% shareholding in The Innovation Hub Management Company (Pty) Ltd and The Innovation Hub Incubator Company (Pty) Ltd and is the sole owner of SERA Hub Investments (Pty) Ltd. Negotiations for the establishment of a venture fund are ongoing, while both the university and the CSIR have subscribed to the formation of the new Department of Trade and Industry Innovation Fund. Projects African Centre for Gene Technologies (ACGT) was established in 2001 as the SERA biotechnology task team. ACGT has since grown into a regional initiative. References External links SERA Website University of Pretoria