A Memorandum of Understanding (MoU) has been signed between Small and Medium Enterprises Development Authority (SMEDA) Pakistan and Brains Institute Peshawar (BIP) for establishment of Entrepreneurship Development Centre (EDC) at the Institute. Sher Ayub Khan, CEO SMEDA signed the MoU on behalf of the SMEDA, while Zafarullah Khan, Rector Brains Institute Peshawar signed the MoU on behalf of the Institute.
Sher Ayub Khan in his speech elaborated that this initiative will identify the problems and opportunities for SMEs, motivate students to become entrepreneurs and will develop linkages between academia and industry in the province.
The centre will act as a resource for SME support institution in the region in identification of the problems and opportunities for SMEs in the province through research and consultations to accelerate economic development. He further added that SMEDA will facilitate and guide the students in starting their own businesses from scratch. EDC aims to maximize awareness and disseminate entrepreneurship related education among the people for motivation, and potential to organize, set up, and manage their own businesses. This initiative will mightily contribute towards increasing the number of SMEs in our society and will prove to be a vital resource for the students interested in establishing their own ventures. At this occasion, Sultan Tiwana, Pro Rector Brains Institute Peshawar appreciated the efforts of SMEDA and assured that the institute through EDC will facilitate the youth of Khyber Pakhtunkhwa to start their own business to enhance entrepreneurial activities in the region.