Business Incubation Center - Introduction

Innovation is the science of new ideas, creativity and value addition which results in new products, services and business models, contributing to enterprises growth. These innovative enterprises then explore new business horizons including novel consumer needs and devising better ways to their needs creating value for their shareholders.
A business incubation facility has been established in the University of Agriculture, Faisalabad in order to translate the research findings of the scientists/researchers of the university into new products and technologies. The academic affiliated business incubators help in transferring technology from universities and create linkage of subject matter experts with the business community, a system for bringing technological advances and products to the market.

Vision
To develop an entrepreneurship culture and capacity by creating knowledge based enterprises, thus upgrading Pakistan’s economic competitiveness.

Mission
Nurturing startup companies and young firms by helping them to grow and survive when they are most vulnerable.

Objectives
University of Agriculture, Faisalabad Business Incubation Center has been established with the following objectives:

  • Provide management guidance, technical assistance and consulting tailored to young growing companies.
  • Develop start-up and fledgling companies by providing entrepreneurs with an array of targeted resources and services.
  • Create linkages between academic/ R&D institutions and private sector, aimed at creating knowledge based enterprises.
  • Facilitate entrepreneurs with well-equipped  laboratories, extensive libraries, powerful computer systems, technology expertise, a well-educated  workforce and subject matter experts.
  • Promote innovative research based initiatives.

To achieve these objectives the Business Incubation Center will focus itself as a catalyst organization for providing new business opportunities based on inventions of the scientists of the University and attracting new investors in the agriculture sector to expand its horizon.

Goals

  • Fostering Research
  • Mobilizing capital
  • Creating jobs
  • Strengthening markets
  • Making university financially viable