National Incubation Centre (NIC) at Lahore University of Management Sciences (LUMS) inaugurated by State Minister for Information Technology and Telecommunication Anusha Rehman.
She said in her address in the inaugural ceremony that opening of another NIC at LUMS, Lahore was as per manifesto of the Pakistan Muslim League-N (PML-N) government, that envisions ‘Digital Revolution’ in Pakistan.
National Incubation Centre is an opportunity for young entrepreneurs to improve the business objective and get recognition in the global economy said, Anusha Rehman. She further added that this collaboration between the ministry of information technology and telecommunication, IGNITE, LUMS and other consortiums would turn this into a reality.
The state minister also appreciated the endeavors that have made NIC possible, that was rendered by the IT ministry partners. She hoped that to get their dreams come true all start-ups would join the NIC.
Minister also shared that IT ministry was to start computer training of 110,000 female students to enable them to earn a living at their homes by January 1, 2018. As per vision of the prime minister skill development in the field of IT was being carried out and Punjab chief minister. He asserted that remarkable success of the incumbent government is introduction of 3G and 4G technology in Pakistan. By 2020, 5G would be introduced in Pakistan.
Earlier, in his welcome address, LUMS Vice Chancellor Dr. Sohail Naqvi termed the NIC a great achievement. He mentioned that the NIC was an improved structure of LUMS Centre for Entrepreneurship (LCE), established in May 2014, to explore companies having greater impact as well as improve and increase their production capacity.
CEO IGNITE, Yusuf Hussain talked about the role of NICs in the economy of Pakistan. He also explained how these would become breeding grounds for sustainable growth and drive Pakistan’s economy forward with 4th industrial wave technologies.
Lahore NIC Director Faisal Jalil Sherjan said the NIC would be the first-ever Makers Lab in Pakistan. It will be equipped with the smart equipment and latest technologies to bring ideas to life.
The inauguration ceremony was attended by Syed Babar Ali, Fatema Venture’s CEO Ali Mukhtar, 47 Ventures Investment’s Country Director Khurram Zafar and others.