A memorandum of understanding between International Islamic University, Islamabad (IIU), University of Wah and COMSATS was signed here at the new campus of IIUI on Tuesday under which it has been agreed that a consortium shall be made to establish a Business Incubation Centre (BIC) at University of Wah (UW).
The IIU will be providing a lead consultancy as part of the consortium in the tune of over Rs. 2.3 million for the development and capacity building of BIC at University of Wah.
President IIUI Dr. Hathal Homoud Alotaibi, Registrar COMSATS Dr. Sajid Madni and Vice Chancellor UW Dr. Jameel un Nabi signed the agreement during a ceremony held at new campus of IIUI.
In this consortium, IIUI shall provide support and services as a lead partner to university of Wah for capacity building. The IIUI’s Directorate of Research and Enterprise through its two components BIC and ORIC shall guide and support university of Wah for establishment of BIC. The IIU shall also support UW in Post establishment Capacity building, Trainings of staff and startups through Start and Improve Your Business (SIYB).