Aonyx Holdings (Pty) Ltd is wholly owned by the Cape Peninsula University of Technology (CPUT). The purpose of the company is to hold equity in companies created following recommendation by CPUT. It is envisaged that the new companies will be predominantly in the form of technology spin-offs, however it is conceivable that university carve outs may also be created. The committee includes external experts with experience in various sectors including IP law, company law, innovation and government.