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Wednesday, September 19th, 2018

Summit on Innovation and Entrepreneurship held at Higher Education Commission

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by October 20, 2016 General

Islamabad, October 20, 2016 (PPI-OT): The Higher Education Commission (HEC), Pakistan in collaboration with the Embassy of France and Hello Tomorrow organized a Summit on Innovation and Entrepreneurship at the Commission Secretariat on Wednesday, with an aim to enhance connectivity of the local ICT talent to global opportunities.

Mrs. Martine Dorance, Ambassador of France to Pakistan was chief guest on the occasion. Dr. Mukhtar Ahmed, Chairman, HEC, Dr. Ismail Shah, Chairman, Pakistan Telecommunication Authority (PTA), Dr. Arshad Ali, Executive Director HEC and Dr. Ziaul Qayyum, Vice Chancellor, University of Gujrat were also present. The event was attended by a number of students, entrepreneurs and academicians.

In her address, Mrs. Dorance said that Hello Tomorrow is a French initiative promoting connectivity among young entrepreneurs from across the world and bringing experts closer to discuss future technological challenges. She said it aims at developing links between academia and start-ups.

“Pakistan has talented people particularly youth, and the number of start-ups in the country is rapidly growing, and holding this event reflects the political will of both the Governments to enhance collaboration in fostering innovation and entrepreneurship,” she said.

Dr. Mukhtar Ahmed shed light on how rapidly the technological innovations are changing the trends prevailing in different sectors and how they require masses to prepare themselves to welcome the future. “We need to work together with our friendly countries to make our future brighter,” he stressed.

The Chairman said that HEC is committed to promoting entrepreneurship and research activities in Pakistani universities. He informed the audience that Office of Research, Innovation and Commercialization (ORIC) has been established in universities to make research work innovative and help researchers commercialize their work to increase its impact.

It is pertinent to mention here that in Business as well as Technology Incubation Centres established by HEC at different universities, over 225 companies have been incubated that have generated around Rs. 480 Million in annual revenue and have generated 940 direct employment opportunities.

Only NUST has incubated 53 companies that have generated annual revenue of Rs. 300 Million generating employment of over 150 people. Similarly COMSATS Institute has incubated 43 companies with annual revenue of Rs. 60 Million and creating 160 jobs. University of Agriculture Faisalabad has incubated 21 companies with annual revenue of Rs. 40 Million and generating an employment for 215 people.

IBA Sukkur has incubated 15 companies with annual revenue of Rs. 15 Million and job openings for 54 people. Other Incubators at UET Peshawar, Veterinary University Lahore, Quaid-e-Azam University, BUITEMS, NED Karachi, Institute of Space Technology, University of Gujrat and AJK University have also performed well during the last couple of years.

The Chairman said that the Government has recently approved Technology Transfer project worth Rs. 3 billion under which institutions will be extended technical and financial support in bringing in new technologies. He added that HEC and the Korean Government have agreed to establish six to eight Technology Transfer Centres in Pakistan.

Referring to the collaboration of the Government and Embassy of France, Dr. Mukhtar said that HEC and the French Government are working together on collaborative research activities. He admired the French Government for its assistance in promoting higher education in Pakistan and its cooperation with Pakistani students studying in French universities.

Briefing the audience about the role of PTA in enhancing connectivity in Pakistan, Dr. Ismail Shah said that access to basic telephony as well as cellular usage has increased multifold over the years. He said that PTA is working on enhancing broadband connectivity and access to internet, adding that it is enabling the private sector to increase connectivity. ICT can help in all the sectors including health services, mobile banking and agriculture, he said.

Dr. Zia ul Qayyum emphasized on joint efforts to enhance utility of technological developments as, he said, the use of technology has increased and turned the world into a global village. He highlighted various initiatives taken by the UoG to promote innovation and encourage entrepreneurs and start-ups.

For more information, contact:
Aayesha Ikram
Director (Media)
Higher Education Commission, Pakistan (HEC)
Sector H-9, Islamabad
Tel: +92-51-90402404, +92-51-90402412
Email: aikram@hec.gov.pk
Website: www.hec.gov.pk

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