ISLAMABAD: The graduates of Business Incubation Center (BIC) of University of Azad Jammu and Kashmir (UAJK) earned Rs4.5 million from their small scale startups in a short period of time.
UAJK Vice-Chancellor Prof Dr Muhammad Kaleem Abbasi was informed during a briefing given by Director Business Incubation Center Mohsin Pervaiz Banday, Manager Tayyab Khalid, Business Leads Umm-e-Aimen and Khizar Riyaz.
He was informed that under the National Expansion Plan (NEP) of BICs, over 100 students and youth recently passed out in two batches from UAJK received complete technical support, office space, internet facility and other equipment along-with Rs15,000 per month for each member of the business team.
They disclosed that 20 successful business startups earned a total profit of over Rs4.5 million in a short span of time, which is a great success story at national level.
The VC was briefed that National Expansion Plan of BICs is being successfully run in the selected public sector universities of Pakistan and UAJK is the only university implementing this vital national project in AJK in collaboration with Punjab Information Technology Board (PITB) and Ministry of Information Technology (MoITT).
They added that the objective of this initiative is to encourage innovation amongst youth by incubating startups and to strengthen the entrepreneurial ecosystem in the country.
The BIC officials expressed gratitude to the VC for his wholehearted support and patronage for the important project being successfully continued in UAJK.
Speaking on the occasion, VC Prof Dr Muhammad Kaleem Abbasi said that this is the matter of great satisfaction and pride that University of Azad Jammu and Kashmir is focusing on the promotion of entrepreneurship and equipping the students with practical skills along with awarding them with the degrees in relevant disciples. “Such business centers can help the youth to make their dreams come true”, he added.
The VC said that UAJK will continue to encourage all such initiatives that help address unemployment in the region and engage students in constructive activities.
