Good news for the IT sector of Pakistan! The Minister of State for Information Technology and Telecom, Anusha Rehman, has announced the government’s plan to launch a National Incubation Program to encourage the growing entrepreneurship spirit in the country.
The great decision was announced at the 44th Board of Directors meeting of National ICT R&D fund. The program will include the establishment of a fully-fledged “National Incubation Center”. The National Information Technology Board (NITB) is also on-board to provide working space for the incubatees. The National Incubation Center will act as the government’s official incubator for Pakistani entrepreneurs.
Accepting the young entrepreneurs of this country to be an extremely important asset, Anusha Rehman said that the government is now focused on their capacity building through an appropriate policy measure. The first step will be the establishment of the Incubation Center which will be funded by the ICT R&D Fund.
The Federal Government is pursuing a three pronged strategy for ICT development throughout the country which includes provision of subsidies for laying fiber optics and broadband proliferation (especially in un-served/underserved areas), Infrastructure development and technical training.
Since there is a dearth of officially-government backed incubators, save for PITB’s Launchpad, it is really good news for the entrepreneurs of the country that the government is finally starting to pay attention to this sector. The government even signed an agreement with Austin’s Economic Development program for a two year exchange of entrepreneurs program.
This might not be anything big as compared to the giant IT sector of India, but it is definitely another step towards the better Pakistan!
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