The Higher Education Commission (HEC), nine public sector universities and the Promotion of Education in Pakistan (PEP) Foundation on Tuesday signed a memorandum of understanding to set up ‘Student Start-up Business Centres’.
With an aim to promote student entrepreneurship in the country’s higher education system and provide students with necessary support to launch their own businesses, the centres will identify and attract sources of financial assistance from the business community and donors.
“Higher education has seen remarkable development in the last decade and it is very important to invest in higher education as well as provide business opportunities to Pakistani youth,” said PEP Foundation President Khalid Iqbal.
According to the MoU, the three parties will contribute Rs2 million each. The universities will fund no less than five student start-ups per year. The Student Start-up Business Centres will guide and assist students to prepare proposals.
Published in The Express Tribune, September 16th, 2015.
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