HEC seeks applications from academia-industry for Technology Development Fund.

ISLAMABAD -- The Higher Education Commission (HEC) has announced 4th call for proposals for Technology Development Fund (TDF) from academia and industry to strengthen linkages in Pakistan for inclusion, adoption and promotion of newly developed technologies and support viable commercial ideas.

According to official sources in HEC, the objective of the initiative is the venture proposals invited from match-made academia and industry, with the mission to solve a current industrial, economic, or technological problem having a socio-economic impact, value creation, innovation, import-substitution and indigenization.

HEC has announced the joint proposals from academia-industry initiated by Higher Educational Institutions through ORIC/Directorate of Research must reach HEC, no later than December 20, 2022.

As per HEC, financial support up to 14 million PKRs will be provided to the successful proposals.

HEC uplifted Made in Pakistan ambition through Technology Development Fund with over 150 products licensed to partner industries.

As per eligibility criteria, the faculty members of public and private sector Higher Education Institutions with relevant commercialization partners from industry/ investor/ private/ public sector R and D institutes/ Spin-offs / Start-ups at leading Incubation Centres or Accelerators, are eligible to apply for the proposals.

However, the preference will be given to the proposals having strong industrial collaboration with financial and technical commitment.

The aim of Higher Education Commission is "to facilitate institutions of higher learning to serve as engines for socio-economic development of Pakistan," as stated in its mission statement.

Along these lines, HEC took the initiative to finance proposals of completed interdisciplinary applied research for prototype development and industrial value addition for tech based product or process development. In this way, HEC envisages helping the productive minds of Pakistan to impact the economy through the development of new and emerging technologies, the sources informed.

This initiative, the sources said, enabled the research ecosystem lied with HEIs/ Universities to be available for the industry with financial and technical assistance (IP, Licensing, and Commercialization) through academic scientists for the solution of indigenous industrial...