Relationship between university and industry is older than 100 years. In recent millennium global knowledge economy has strengthen the need for strategic partnerships that go beyond their traditional roles as collaborators. World-class research universities are at the forefront of pioneering such partnerships. They are intended to run longer, invest more, look beyond and sharpen the competitiveness of industries, universities and regions. Keeping in view of these challenges, the Office of the Research, Innovation and Commercialization has been initiated at SZABIST. The mission of ORIC as outlined by HEC is “Transforming Pakistani universities to drive high impact innovation, applied research and entrepreneurship”. The ORIC’s vision is to enable and lead Pakistan’s transformation to a knowledge-based economy dependent upon innovation and entrepreneurship. The Office of Research Innovation and Commercialization is being establish to link research and commercialization from Szabist with emerging and existing firms across Pakistan and around the world. As an umbrella, ORIC is meant to work closely with the researchers and on campus Incubators & S&T Park. The ORIC office also serves as a conduit to local, regional and federal partners to ensure research results aid the growth of Pakistan’s economy. ORIC will develop it mechanism for research commercialization and will establish Business/Technology Incubator to work closely for innovation and entrepreneurship.