AGL 38.74 Increased By ▲ 0.18 (0.47%)
AIRLINK 214.95 Increased By ▲ 7.18 (3.46%)
BOP 10.04 Decreased By ▼ -0.02 (-0.2%)
CNERGY 6.68 Decreased By ▼ -0.40 (-5.65%)
DCL 9.70 Decreased By ▼ -0.29 (-2.9%)
DFML 40.25 Decreased By ▼ -0.89 (-2.16%)
DGKC 101.30 Decreased By ▼ -2.16 (-2.09%)
FCCL 35.81 Decreased By ▼ -0.54 (-1.49%)
FFBL 88.00 Decreased By ▼ -3.59 (-3.92%)
FFL 14.20 Decreased By ▼ -0.40 (-2.74%)
HUBC 137.25 Decreased By ▼ -2.18 (-1.56%)
HUMNL 14.00 Decreased By ▼ -0.10 (-0.71%)
KEL 5.78 Decreased By ▼ -0.19 (-3.18%)
KOSM 7.39 Decreased By ▼ -0.47 (-5.98%)
MLCF 46.60 Decreased By ▼ -0.68 (-1.44%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 221.70 Decreased By ▼ -0.96 (-0.43%)
PAEL 38.80 Increased By ▲ 0.69 (1.81%)
PIBTL 9.00 Decreased By ▼ -0.27 (-2.91%)
PPL 200.50 Decreased By ▼ -5.35 (-2.6%)
PRL 39.79 Decreased By ▼ -0.06 (-0.15%)
PTC 26.21 Decreased By ▼ -0.41 (-1.54%)
SEARL 105.57 Decreased By ▼ -4.67 (-4.24%)
TELE 9.10 Decreased By ▼ -0.13 (-1.41%)
TOMCL 38.00 Decreased By ▼ -0.21 (-0.55%)
TPLP 13.90 Increased By ▲ 0.13 (0.94%)
TREET 25.90 Decreased By ▼ -0.55 (-2.08%)
TRG 59.23 Decreased By ▼ -1.31 (-2.16%)
UNITY 34.00 Decreased By ▼ -0.14 (-0.41%)
WTL 1.77 Decreased By ▼ -0.11 (-5.85%)
BR100 12,107 Decreased By -192.4 (-1.56%)
BR30 38,012 Decreased By -865.7 (-2.23%)
KSE100 113,014 Decreased By -1846.4 (-1.61%)
KSE30 35,581 Decreased By -615.4 (-1.7%)

ISLAMABAD: Ignite entered into a Memorandum of Understanding (MoU) with Pakistan Innovation & Testing Centre (PITC), a department of Pakistan Engineering Council (PEC), for partnership and collaboration for the growth of entrepreneurs, researchers, industrialists, and academia in engineering innovation in Pakistan.

The event was attended by Shoaib Ahmad Siddiqui, Federal Secretary of IT & Telecom, Asim Shahryar Husain, CEO Ignite, Engr Dr Nasir Mehmood Khan Registrar/Secretary, Brig Tariq Javed (R), Advisor on Innovation and senior officials of the IT Ministry and Ignite.

Speaking on the occasion, Siddiqui said there is no denying the fact that there is urgent need to jump start the economy and improve the business investment environment for tech entrepreneurs.

He further said that this collaboration will be in the best interest of innovators, researchers, industrial and academicians who would be benefited by the massive opportunities emerging due to various initiatives of Ignite and PITC. NIC startups will now get access to these engineering labs for development and testing of engineering products. Ministry of IT has always supported its departments to reach out to relevant organizations who can add value to our innovation and startup ecosystem.

Javed said that PEC has been assigned the lead role for promoting innovative engineering products and local manufacturing of engineering goods, products and services. PEC has established PITC and is facilitating innovators, researchers and product designers to locally develop and manufacture engineering goods/products. PEC has coined a new term i.e. Researchers and Product Development (R&PD) instead of R&D only.

The focus is on collaboration manufacturing and product design/development which has an important aspect of integration between software and hardware. The Ignite and PITC collaboration is the first step which would result in an avalanche of further initiatives.

CEO said that Ignite will facilitate engineering students of PEC accredited institutions and recommended by PITC to apply to network of 5 incubators through their innovative ideas and products. He said that they have been missing engineering-related equipment and facilities at National Incubation Centers. So this partnership with PITC will help us in bridging this gap.

Copyright Business Recorder, 2021

Comments

Comments are closed.