- Home
- Education
- News
- The Higher Education Commission (HEC) for joint work on entrepreneurship promotion in Pakistan
The Higher Education Commission (HEC) For Joint Work On Entrepreneurship Promotion In Pakistan
Muhammad Irfan Published February 01, 2023 | 06:40 PM
The Higher Education Commission (HEC), Pakistan and Hult Prize Foundation, an international entity empowering youth to solve the world's most pressing issues through social entrepreneurship, have expressed a desire to jontly work for the promotion of entrepreneurship in Pakistan
ISLAMABAD, (UrduPoint / Pakistan Point News - 1st Feb, 2023 ) :The Higher Education Commission (HEC), Pakistan and Hult prize Foundation, an international entity empowering youth to solve the world's most pressing issues through social entrepreneurship, have expressed a desire to jontly work for the promotion of entrepreneurship in Pakistan.
In this connection, the two sides held a virtual meeting to discuss potential of bilateral collaboration to strengthen a startup culture in the country. They agreed to formally sign a Letter of Intent and extend support to the Pakistani youth and entrepreneurs.
Chairman HEC Dr. Mukhtar Ahmed addressed the participants and shed light on the HEC efforts and initiatives to support academia-industry linkages and finance the Pakistani youth in their entrepreneurial endeavours. He assured that HEC will extend all-out support to Hult Prize Foundation in its intent to exploit the potential of Pakistani youth.
Director Research & Innovation Division, HEC, Noshaba Awais said that Pakistan's population comprises over 60% of youth and HEC is committed to utilising the youth bulge in supporting the country's economy. Promoting entrepreneurship is the major step forward towards utilising the youth bulge, she affirmed.
She highlighted HEC programmes, including establishment of Offices of Research, Innovation and Commercialisation (ORICs), establishment of business Incubation Centres (BICs), and Innovator Seed Fund (ISF), meant to develop a startup ecosystem in Pakistan.
She said Pakistani higher education institutions have 38 BICs which have so far incubated more than 800 startups. "This is the right time to promote collaboration with Hult Prize," she noted.
Sharing the objectives of Hult Prize Foundation, Senior Director of Programs at the Hult Prize Hamdi Ben Elmi and Director of Human Resource at the Hult Prize Carla Osnaya said that the Foundation has been engaged in promoting social entrepreneurship and empowerment of youth across a large number of countries. They said that Hult Prize challenges young people to solve the world's most pressing issues through Social Entreprise and, every year, one team receives $1M USD in funding to make their idea a reality.
They underlined that the Foundation has a great impact in Pakistan as it has been engaged with over 100 universities, more than 9000 student entrepreneurs, 10,000+ student volunteers and over 1000 experts.
Muhammad Osama from Bfreeze, a Pakistani company which won Hult Prize in 2020, expressed his views about the role of Hult Prize Foundation in the success of his company's products.
Related Topics
Recent Stories
Wembanyama in France: NBA Spurs to play Pacers in Paris in January
Russian missile kills two in Ukraine's Odesa: governor
Dutch Embassy celebrates King Willem-Alexander's birthday
Need of concrete steps stressed for safe, nutritious milk availability
Scotland's leader Yousaf quits after a year
Services of GDA Pakistan China Friendship Hospital launched
Mining giants Vale, BHP propose $25 bn settlement over Brazil dam collapse
Georgia ruling party stages mass rally to counter protests
Bayern ready for 'extraordinary' Bellingham, says Tuchel
PTI leaders get interim bail
Tennis: ATP/WTA Madrid Open results - 2nd update
French actor Depardieu released after sexual assault questioning
More Stories From Education
-
160 examination centers set-up for SSC annual examinations-2024
3 days ago -
Models, poster and quiz competition held at AIOU
4 days ago -
AIOU to host 37th annual conference of AAOU in Oct
5 days ago -
SSC, HSSC annual exams in Sindh to be conducted in May
5 days ago -
BISE Larkana SSC exams start on May 02
5 days ago -
UUVAS arranges seminar to commemorate Allama Iqbal
5 days ago
-
BISE Hyderabad to announce HSC-Il result exams on April 25
5 days ago -
Eco-friendly agri technology imperative to overcome environmental pollution: Hina Hafeezullah
7 days ago -
Sindh to upgrade primary schools to reduce dropout rate
10 days ago -
SU extends deadline for submission of LLB (Hons) exam forms with late fee
10 days ago -
COMSTECH to hold 10th STEP on Facing Elderly
11 days ago -
Primary exams underway in Larkana
12 days ago