NUST has got the approval to initiate working on its latest project, which is “ National Science and Technology Park ”. Public-Private Partnership Authority’s (PPPA) Board approved the project. PPPA granted the approval for the tech park at the first board meeting under the chairmanship of Minister for Planning, Development & Reforms Khusro Bakhtyar.
This multi-billion dollar initiative is aimed at developing the knowledge economy of Pakistan through innovation and growth of hi-tech entities. NSTP will serve as an innovation powerhouse for businesses by boosting the university’s chief strengths. NSTP is aimed to create unique position for Pakistan in the global technology market.
The key thematic areas of National Science and Technology Park will be emerging technologies. These technologies include automobile technology, education technology, defense technology, finance technology, Agriculture technology, health technology, and smart technology.
The university is also planning to increase the number, scope, and breadth of these technology areas in the coming years. NUST universities support innovations by organizing hackathons and open house events for tech projects. NUST also manages global accelerator programs to support Pakistani startups for the global tech market.
NSTP is the first general Science and Technology Park (STP) in Pakistan. Previously Pakistan is having about 100s IT parks, dairy parks and textile parks.
NUST university with its well-established ecosystem is leader of innovation, technology transfer and commercialization in Pakistan. Being leader, it is the most suitable place for a technology park like NSTP. NSTP has also revealed its logo, which is visible on the NUST and NSTP websites and their social media pages.
The logo displays the goal of NSTP which is to create the first innovation and technological hub in Pakistan to build the gap between academia and the Sci-tech industry. This platform will also serve as a hub of innovation, collaboration and building new instruments of technology. It will be a new national tech-pad where entrepreneurs and organizations with great ideas can come together to discover.