ISLAMABAD – National University of Sciences & Technology (NUST) has securedthe approval of Public Private Partnership Authority’s (PPPA) Board toinitiate the process for its flagship “National Science & Technology Park(NSTP)” project.
The approval was granted at the first PPPA Board of Directors meetingchaired by the authority’s Chairman, Khusro Bakhtyar, Minister forPlanning, Development & Reforms, said a press release issued here onTuesday.
NSTP was the first Science & Technology Park (STP) in the country, beingpowered by strengths and competitive edge built by the university over thelast three decades.
The leading Engineering & Technology university of Pakistan was the mostsuitable host for NSTP, with its well-established ecosystem to supportinnovation, technology transfer and commercialisation.
The initiative is aimed at building the knowledge economy of Pakistan bystimulating and nurturing innovation-led germination and growth of hi-techentities.
A multi billion rupees project aimed to be implemented in phases, NSTPwould emerge as an innovation powerhouse for businesses by leveraging theuniversity’s core strengths and unique position in the global technologyarena.
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The eight-key thematic areas of NSTP include Agri Tech, Auto Tech, Ed Tech,Energy Tech, Def Tech, Fin Tech, Health Tech and Smart Tech, which willincrease in number, scope and breadth in coming years.
NSTP has already revealed its brand identity by unveiling the logo, whichcan now be witnessed at the NUST and NSTP Websites and social media pages.The logo has been creatively crafted to encompass everything NSTP standsfor; Pakistan’s first innovation and technological hub bridging the gapbetween academia and industry, a catalyst of innovation, a hub of emergenceand the new national tech-pad where entrepreneurs and companies cometogether to discover, idea, create, collaborate and break new ground.
Pakistan’s premier nexus for innovative technology-driven enterprises and atrue innovation ecosystem – the NSTP – is all set to launch shortly, and isinviting tenants for its pilot project, from the above mentioned eightsectors, from Pakistan and abroad. High-tech start-ups, SMEs, industrialand business innovation hubs, and innovation centres of multinationals andcorporations are being invited.
An overwhelming response to the call for tenants has been received fromthe tech community of Pakistan and beyond.
