Karachi, August 17, 2023 (PPI-OT): The fully integrated science and technology park is poised to cultivate a vibrant ecosystem that will breathe new life into innovation, research, and development within Pakistan’s flourishing technology sector. In a significant stride towards propelling Pakistan’s flourishing technology sector, EnerTech, a Kuwaiti state-owned investor and developer in clean energy and sustainable infrastructure, and the NED University of Engineering and Technology (NEDUET) have unveiled the newly completed EnerTech-NED Science and Technology Park.
The fully integrated science and technology park, stemming from a robust government-to-government agreement between Kuwait and Pakistan, is poised to become a nexus for technology enthusiasts, visionary entrepreneurs, and multinational corporations. The initiative will set the stage for a collaborative ecosystem that will invigorate innovation, research, and development within Pakistan’s promising technology sector; simultaneously acting as a catalyst for bolstering the country is IT exports.
At the core of the park’s vision, dynamic entrepreneurship programs and pioneering incubation initiatives converge to foster the growth of emerging technology-driven enterprises, nurturing a thriving innovation ecosystem.
With a keen focus on SMEs and regional start-ups, the park empowers these entities to not only conceptualize and expand their ventures but also effectively market technology-based products, services, and intellectual property.
By providing a robust platform for collaboration between local research institutions and private sector entities, the park bridges the chasm between theoretical research and practical commercial applications, enabling the translation of research outcomes into tangible real-world impact. In addition, by cultivating both international and national partnerships, the park lays a solid groundwork for connections that not only stimulate local growth and economic diversification, but also extend their positive influence regionally and globally.
The inauguration event convened key dignitaries and stakeholders, including H.E. Abdullah Al-Mutairi, Chief Executive of EnerTech Holding Company, Sindh Energy Minister Mr. Imtiaz Shaikh, Yasser Malik, CEO Enertech Pakistan and Mr. Sarosh Hashmat Lodhi, Vice Chancellor of NED University, along with Consul Generals from Sri Lanka, Turkey, and a delegation from China, underscoring the significant regional importance of this collaboration.
For more information, contact:
NED University of Engineering and Technology
University Road, Karachi – 75270, Pakistan
Tel: +92-21-99261261-8
Fax: +92-21-99261255
Email: [email protected]
Website: www.neduet.edu.pk