The Ignite National Technology Fund and Aga Khan University have signed a Memorandum of Understanding (MoU) to jointly support startups developing innovative ideas in healthcare and biomedicine. Federal Minister for Information, Dr Khalid Maqbool Siddiqui present on the occasion highlighted the government’s role in creating an ecosystem in which innovation can flourish.
‘The modern knowledge economy thrives on creativity and the pooling together of expertise from different industries,’ the minister was quoted to have in a statement issued by AKU. Dr Khalid M Siddiqui emphasized that partnerships were an essential tool that bring together the most committed people to tackle pressing problems around them and to explore global trends and opportunities.
Ignite, with connections to Pakistan’s Ministry of Information Technology and Telecommunication, supports a national network of incubators across Pakistan that seek to solve local problems and to enable young businesses to target global opportunities in health, education, energy, agriculture, telecommunications, finance and other industries.