MoU between IdeaGist and NTU Faisalabad for Prime Minister’s Startup Programme

ISLAMABAD (PRESS RELEASE )

National Textile University Faisalabad and IdeaGist, world’s largest incubator, signed a Memorandum of Understanding (MoU) to support the varsity’s passing out students in developing their start-up in the country.

The move was aimed at promoting the PM’s start-up programme which would be launched soon for building a vibrant entrepreneurship ecosystem, the official sources said on Friday.

They said IdeaGist being digital platform supporting the PM’s startup programme, will provide online entrepreneurship trainings to final year students of the NTU Faisalabad. We are welcoming ways to promote an entrepreneurial culture and would like to see more self-sustainable new ventures by the students, they said.

“The accord will definitely bring in the culture of entrepreneurship that we all are striving for,” the sources added. Under the project, the world’s leading digital incubator would also provide the students access to skill training in seven emerging technologies, including 3D Printing, AI, AR, Blockchain, Internet of Things, Intelligent Vehicles, and Smart Robots.

A portal, they said, has been developed to connect online community of students, alumni, researchers and industry to encourage collaboration in developing innovation driven enterprises.

It would also offer support business incubation center workshops, one-on-one mentoring and process guidelines to the NTU Faisalabad students by connecting the incubator to a global pool of investors.

IdeaGist would help the NTU’s faculty and students get access to National Investment Portal and National Innovation Showcase which would enable them in showcasing their start-ups and getting investment for it, they added.

So far the institutions have been registered with IdeaGist are Bahria University – Islamabad, Balochistan University of IT, Engineering and Management Sciences (BUITEMS), Faisalabad Medical University – Faisalabad, FAST-NUCES – Islamabad, Government College Women University – Sialkot, Government College Women University Faisalabad, Institute of Business Administration – Sukkur,  International Center of Chemical & Biological Science – Karachi, International Islamic University (IIU) – Islamabad, Jinnah Women University Karachi, Karakoram International University, Kohat University of Science & Technology (KUST), Lahore College for Women University, Mehran University – Jamshoro, National University of Modern Languages – Islamabad, Nawaz Shareef University of Agriculture – Multan, Pakistan Institute of Development Economics – Islamabad, People’s University of Medical & Health Sciences for Women – Nawabshah (PUMHS), Riphah International University – Islamabad, Shaheed Benazir Bhutto Women University – Peshawar,  Sir Syed University of Engineering & Technology – Karachi, The Govt. Sadiq College Women University Bahawalpur, The institute of Management Sciences – Lahore, The University of Poonch Rawalakot, University of Balochistan, IM Sciences – Peshawar, University of Baltistan – Skardu, University of Central Punjab – Lahore, University of Engineering and Technology – Lahore, University of Gujrat, The Women University – Multan, University of kotli AJ & K, University of Okara, University of Peshawar, University of Sargodha, University of Sindh – Jamshoro, whereas all Universities, Technical Education Institutions, Colleges and Madrassas are invited to get registered to become a part of sustainable startup ecosystem.

Incubators and Accelerators have been registered with IdeaGist are Aptech Karachi, CGNPK Islamabad, Plan9 (PITB), Seed Ventures Karachi, Social Innovation Lab (SIL) Lahore, whereas all others are invited to become a part of startup ecosystem at their earliest.

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