Incubation centre inaugurated

Centre’s basic goal to produce successful forms that will leave programme financially viable

LAHORE: The Government College University (GCU) Lahore has established the Business Incubation Centre (BIC) at a cost of Rs16.42 million to promote self-employment among the youth. GCU Vice Chancellor Dr Hassan Amir Shah inaugurated the centre on Wednesday which would provide basic infrastructure and allied facilities for researchers and young entrepreneurs interested in developing business ventures.



Speaking on the occasion, Dr Ikramul Haq said that out of the total cost, the Higher Education Commission was providing Rs10.91 million in funding over a period of two years. However, the centre’s basic goal was to produce successful forms that would leave the programme financially viable.

Speaking to the media, the VC said that the incubator was an independent setup which would support new start-ups by providing an array of targeted resources and services.



The VC hoped that BIC would soon start contributing to economic growth by generation employment opportunities and creating of small and medium start-up companies. GCU Registrar Saboor Ahmed Khan, Incubation Centre Director Muhammad Usman and other senior faculty members of the university also attended the inauguration ceremony.

Published in The Express Tribune, August 1^st, 2019.