The higher education commission has taken an initiative HEC Technology Development Fund (TDF) has been launched to enhance research-based industrial development in order to provide skillful jobs to skilled people which would help to stop the brain drain from Pakistan.
The project started by HEC would eliminate the local problems by new product development, technology transfer, successful commercialization and process optimization, said by an official HEC on Sunday.
The HEC official told APP, that it is an initiative parallel to vision 2025 Pakistan, focusing on industrial development in order to construct knowledge economy through technology transfer.
The project will accommodate academics as well as industry professionals for patent filing, prototype development, product development, and marketing and licensing of new products, the project has received strong response and acceptance from industry professionals and academics throughout Pakistan, he said.
The official shared some details of awarded projects and said these projects are of interdisciplinary nature, however, it has engaged 25 different sectors in Pakistan including agriculture sciences, Nanotechnology, IT and allied sector, renewable energy, drug discovery, Industries symbiosis, applied engineering, mining and natural sciences.
With the help of all stakeholders’ support, the programme proves to be an effort which is meaningful for academia and industry linkage to commercialize the advanced technologies developed by strengthening the culture of research at Pakistani universities, he added.
According to the official, financial support of Rs14 million is available for extending commercialization of approved research. Further, the five years Public Sector Development Program (PSDP), approved project of approx. Rs3 billion could be taken further to form a joint venture of academia and industry to initiate industrial scale product development and its commercialization, he said.
Under this programme, 126 proposal/projects have been funded through the first two phases of development covering all the regions of Pakistan, the deadline of third phase proposals is until August 30.
TDF programme becomes the trademark which makes HEC win the trust of industrial sector which is not only partnering but also providing financial support, and research support for successful commercialization, he boasted.
TDF has called upon various industries to participate in the programme in order to leverage its potential that could add value to their products and services, the companies and industries already partnered with academia are Engro, Fauji group of companies, Sazgar engineering, Qarshi industries, SUZU, TCS, Shezan, Starco fans, Metro Habib Cash and Carry, Shakarganj, Pioneer cement, Shafi ResoChem, Saffron, Shama Ghee, and Season Foods.
Apart from private companies and business sector, national defense sector organizations including PAF Kamra, HMC, Heavy Electrical Complex, PAEC, NESCOM are partnered in order to meet national security needs.