The National Incubation Centre Faisalabad (NICF) is ready to become a model of most modern tech-based innovations and solutions to support the climate resilient agriculture and sustainable development under the flagship Green Pakistan Initiative (GPI) of the government.
The Green Pakistan Initiative (GPI) has been launched in the past week under the auspices of Pakistan Army. The GPI has been conceived keeping in view the vision of modernizing agricultural practices in the country.
Project Director, NICF, Zeeshan Shahid said the Incubation Center is a public private partnership initiative that is receiving funds from the Ingnite Technology Fund of the Ministry of Information Technology and Telecommunication.
He added that the Fauji Fertilizer Company Limited (FFC) was its partner organization.
Highlighting the potential of the national incubation centers established in Peshawar, Quetta, Karachi, Lahore, Rawalpindi, Hyderabad, Faisalabad and the federal capital, he said some Rs 9.13 billion cumulative revenue has been generated by these centers and have also managed to garner collective investments of Rs 15.43 billion also created some 117,000 jobs so far. The investments committed, he said have 60-70 percent foreign investments that is an excellent source of attracting precious foreign exchange.
The NICF, he said has focused on agriculture and textile based innovations and is only 8-10 months old and one of the most modern incubation centers of the country.
The world’s leading incubation center, the Founder Institute has partnered with the NICF. —APP
