Higher Education Commission asked the faculty members of public and private sector universities or degree awarding institutions to submit research proposals focused on transfer of university-developed technologies and products to the industry and commercial sector under the Technology Transfer Support Fund.
According to an official source, the TTSF would provide funds to selected institutions based upon a competitive, peer-reviewed evaluation of proposals.
The budgets for TTSF awards might range between Rs. 7.5 – 15 million with a maximum project duration of two years.
Principal Investigators would be required to obtain co-financing including in-kind and/or cash contributions from the industry collaborators.
Industry co-financing must equal at least 50 percent of the funding requested from HEC for the academic portion of the collaboration while greater amounts of industry co-financing were encouraged.
About the applicant eligibility, the source revealed that the Principal Investigator (PI) must be a regular faculty member (PhD or FCPS/MCPS/FRCS) working on regular/contract basis (contract duration must not be less than project duration) in the Higher Education Institutions either public and private of Pakistan.