Home Press Release NIC Lahore, LUMS Establish Foundation Council to Accelerate Start-up Ecosystem

NIC Lahore, LUMS Establish Foundation Council to Accelerate Start-up Ecosystem


National Incubation Center Lahore (NICL) at LUMS has established the Foundation Council to accelerate economic growth in Pakistan. The council includes investors, start-up founders, and inventors who will further help to accelerate innovation in the startup sector of Pakistan. The council members include 4 highly-qualified Pakistani women who have gained their academic qualifications from top universities like MIT, Harvard, and Stanford.

Saleem Ahmad, Chairman NICL, spoke at the occasion,

“NICL’s revamped venture incubation model is rooted in discovery and innovation. Being an integral part of LUMS, we are uniquely positioned to pioneer this model by fostering an intersection of applied research, industry, and talent. Solving Pakistan’s biggest problems requires extraordinary human capital development. We are fortunate that we are able to do so with the help of faculty at LUMS and our stellar Council members who embody our spirit of excellence, resilience, and character,”

Dr. Arshad Ahmad, Vice-Chancellor, LUMS, also spoke regarding the development and spoke about NICL’s journey in the past few months in his statement,

“Despite the challenges of the pandemic, the new team continues to uplift the quality of the Center’s services with a laser-focus on impacting Pakistan’s entrepreneurship talent. The calibre of recent appointments is a reflection of its exceptional strengths and persistent focus on delivering results.”

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