
Business Incubation is a business support process that accelerates the successful development of start-up companies by providing new entrepreneurs with an array of targeted resources and services. A business incubator’s main goal is to produce successful firms that will leave the program financially viable and freestanding. It creats jobs helping the new graduates to become job providers instead of being job seekers, commercializes new technologies, and strengthens communities and economies.
HEC is accentuating on establishment of BICs in Public Sector Universities to support researchers/young entrepreneur who are intended in developing promising early-stage business ventures.
So far five Business Incubation Centers have been established in NUST, COMSATS, UET Peshawar, University of Agriculture Faisalabad and University of Vetrinary and Animal Sciences Lahore and one at Sukkur IBA will be functional within two months.