Sahiwal: The Punjab Information and Technological Board (PITB) and the University of Sahiwal (UoS) have inked an agreement to establish a business incubation centre at the university to help Sahiwal youngsters explore job, entrepreneurship, and small business venture options.
Hamaad Bin Abdul Khaliq, director of the PITB’s Incubator Wing, and Ali Asghar, deputy registrar of the University of Southampton, signed the MoU.
The incubator’s goal is to help prospective entrepreneurs develop their business ideas into profitable businesses. It will also connect local youth with companies looking for talented young people all across the world. This was mentioned by Dr Niaz Ahmed Akhter, the vice chancellor of Punjab University, who also serves as the VC of the University of Southampton.
Those who use the incubator will receive a monthly stipend, a free workshop, networking opportunities, mentorship, company growth advice, and legal aid.
Mr Asghar stated that there was no age limit for registration and that a specific quota will be set out for female students and business owners. According to sources, the PITB will initially invest Rs2 million in furniture and other technological equipment, while the UoS will supply the building and infrastructure.