PMNIA’s mission is to raise Pakistan’s ranking in the Global Innovation Index, foster entrepreneurial culture among youth & turn ideas into profitable businesses.
Out of 13,000 applications received, 256 were shortlisted for the first phase of the Prime Minister’s National Innovation Award (PMNIA), in which students pitched their creative business ideas for a chance to receive funding for their start-ups.
A scrutiny committee comprised of industry experts and entrepreneurs from relevant fields shortlisted the candidates for the National Innovation Award. The applicants were chosen solely on merit and will attend a regional 5-day boot camp on idea pitching led by five partner universities.
Applications for this programme were received from aspiring youth aged 15 to 30 in the months of October and November 2022. The applications were open to all types of innovative ideas, including but not limited to information technology, sustainable energy, food security, water management, etc.
The awards will be chosen in an open, rigorous, transparent, competitive, and merit-based process. The PMNIA’s mission is to raise Pakistan’s ranking in the Global Innovation Index, foster entrepreneurial culture among youth, and turn ideas into profitable businesses.
It is an open opportunity for Pakistani youth to propose innovative ideas, receive funding and technical support from mentors, and participate in a 6-month incubation programme to turn their ideas into thriving businesses.
The pitching training process for these shortlisted applicants will be followed by the national-level pitching competition, which is expected to begin in February or March. During this process, 50 ideas for the award will be finalized.
The Prime Minister’s National Innovation Award 2023 has been announced by the Prime Minister’s Youth Program. The application form must be submitted by January 30, 2023. an initiative of the Prime Minister’s Youth Program to turn ideas into business.
An innovation award is a form of recognition given to individuals, groups, or organizations for their contributions to the development and implementation of new and innovative ideas, products, processes, or services.
These awards can be given in a wide range of industries and fields, including technology, science, business, healthcare, education, and more. Innovation awards are often given by governments, industry associations, and private organizations to encourage and recognize innovation and its role in driving economic growth and improving society.
They can be awarded to both individuals and organizations of any size, from start-ups to established companies, and can take many forms, including cash prizes, trophies, certificates, and even public recognition.