National Innovation Award Aims To Grant 2mm For New Business Ideas

The Higher Education Commission has announced the National Innovation Award as part of the Prime Minister’s (PM) Youth Program, the federal government’s flagship initiative.

National Innovation Award Aims To Grant 2mm For New Business Ideas

The Prime Minister’s (PM) Youth Program will provide financial assistance to the country’s youth in order to assist them in turning their new ideas into viable business. The initiative aims to improve Pakistan’s ranking in the Global Innovation Index (GII).

By enhancing Pakistan’s position in the Global Innovation Index (GII), the program can also help to showcase the country’s innovative potential on the global stage.

The Higher Education Commission (HEC) has announced the National Innovation Award as part of the Prime Minister’s (PM) Youth Program, the federal government’s flagship initiative.

According to the details, the highest amount of funding that will be offered to a startup is up to Rs. 2 million, which will be given in two installments.

Food security, water management and sustainability, sustainable energy, urban planning, information technology and telecommunications, sociology and philosophy, medical and health sciences, and any other field are all welcome for new ideas of business.

All Pakistani youth between the ages of 15 and 30, including those from Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan (GB), are eligible to apply. Candidates can apply for the National Innovation Award by visiting the PM Youth Program’s website or downloading the mobile app.

The deadline for submitting innovative ideas to the aforementioned portals is January 30, 2023.

The Prime Minister Youth Program is a great initiative that aims to support young people in Pakistan in turning their ideas into sustainable businesses. By providing financial support and resources, the program can help to create new opportunities for young people and contribute to the development of Pakistan’s economy.

The National Innovation Award recognizes and rewards young entrepreneurs in Pakistan who are developing innovative ideas and solutions in various fields. By providing a platform for young people to present their ideas and receive recognition for their work, the National Innovation Award can help to promote innovation and entrepreneurship in the country.