GIK Incubator Organizes ‘Investors Summit 2018’

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The Incubator of Ghulam Ishaq Khan Institute of Engineering Sciences and Technology organized ‘Investor Summit 2018.  Dr. Asma Hyber, member Social Sector and Devolution, Center for Social Entrepreneurship at Ministry of Planning, Development and Reform, was the Chief Guest at the Summit. The officials of Directorate of Science and Technology (DoST), Government of Khyber Pakhtunkhwa, academia of different universities, researchers, GIK Institute faculty members, representatives of industry and companies and students participated in the Summit.

Engr. Jehangir Bashar, Rector GIK Institute, Mr. Ahsan Basir Sheikh, Pro-Rector (Admin and Finance), Prof. Dr. Wasim Ahmad Khan, Head of The Incubator, Deans, heads of departments (HoDs),  Nisar Ahmed, Ministry of Planning, Development and Reform, Islamabad, Mr.  Muhammad Jawad A K Tareen of Centre for Social Entrepreneurship, Mr. Abid Suhail Deputy Director, DoST, Ali Iqbal, GM Ignite, Anthony  Williams, CEO, TaxDosti, Mr. Riaz Ahmed, venture Captylist,  Mr. Rashid Cheema and CEO Albab Creator,  senior representatives of funding agencies and those who acquired training at The Incubator  participated in the Summit.

The Incubator, GIK Institute provides an entrepreneurial platform to the final year students and fresh graduates from all over the country, imparting entrepreneurial training and skills to them to convert their startups into full-fledged companies. It is in the forefront in the country. The Incubator gives practical shape to innovative ideas and creativity of those graduates who have science and technology background, exploiting their entrepreneurial potential and utilizing it in the best interest of the country and its masses.

Engr. Jehangir Bashar, Rector GIK Institute, expressed his gratitude to DoST and Planning Commission for the continuous support and shared the journey of inception of The Incubator, GIK Institute.   Dr. Asma Hyder appreciated the methodology of mentorship adopted by The Incubator, saying  that if the startups solve social problems with the help of latest technology, the government will support them under various schemes.

Mr. Abid Suhail, Deputy Director, Directorate DoST has conducted in-depth analysis of the progress and performance of the startups. Dr. Asma and Mr. Abid also discussed avenues to jointly support startups with high potential by Federal and Provincial Government. DoST has provided a generous grant of Rs. 100 Million for the establishment of The Incubation Center at GIK Institute. 

Dr. Cedric Aimal Edwin, mentor for startups, spoke about the methodology of mentorship adopted by The Incubator. He explained how The Incubator coupled the Blue Ocean philosophy with outcome-based mentorship and lean methodology.  Four startups presented at The Investors’ Summit: Green Appliances, PrepareHow, Greenovation and Kopy 3D. DoST, Government of Khyber Pakhtunkhwa has announced a seed capital of Rs. 0.5 Million each for Green Appliances and Greenovation.