GIK Institute has secured a grant of PKR 100 Million for Entrepreneurship Development via Establishment and Strengthening of Technology Incubation Center from Directorate of Science and Technology, Ministry of ST&IT, Government of Khyber Pakhtunkhwa.
The Institute is expanding its Technology Incubation Center (The INCUBATOR) facility and aims to provide the services at larger scale using the grant from Khyber Pakhtunkhwa Government. It will attract final year students/ fresh graduates from GIK Institute and from different universities of Pakistan on purely merit basis.
Under the scope of the grant, special fund are available on merit to final year students/ fresh graduates of universities of Khyber Pakhtunkhwa province.
The grant awarded by Government of Khyber Pakhtunkhwa shall be used for the expansion over a period of four years (2014-18).
The first start-up fair after receiving the grant shall be held on 3rd February 2016.
More About The Incubator at GIKI:
The Incubator provides a platform for GIK Institute’s students/graduates as well as for final year students/ fresh graduates of other universities of Pakistan. It provides services to the participants with required facilities such as technical assistance, office space, computer and internet services, phone and fax facilities and help in locating venture capitalist to convert their startups into a full-fledged company. The Incubator achieves this under the guidance of specialized faculty and mentors. The aim is to create an entrepreneurial atmosphere thus nurturing ideas into commercialized products
The Incubator strives to enhance the concept of marketability and entrepreneur skills in participants working in any area. This helps in promoting economic growth and reducing poverty in the country by building private enterprises.