The University of the West Indies (UWI) St. Augustine and Lake Asphalt T&T (1978) Limited have signed a memorandum of understanding (MOU) to collaborate on research, development and commercialization relating to asphalt and asphalt-based products. The focus will be on a range of items including sealants, paints, adhesives, waterproofing and damp-proofing formulations, and marine coatings.
Pro Vice-Chancellor and campus principal Professor Clement Sankat and CEO of Lake Asphalt Leary Hosein signed the MOU on behalf of their respective organizations.
WI St. Augustine sees research and innovation as one of the key areas in which it can make a positive impact, especially for national and regional governments and the international community. As part of its 2012-2017 strategic plan, the university has acknowledged the need to strengthen support systems to foster cutting edge research and innovative outputs from faculty and postgraduate students, and to refocus on commercialization of cutting edge research to provide an additional revenue stream and improve the visibility of research on the campus.