Islamabad: US Ambassador Richard Olson announced new funding for Pakistani researchers to turn their research into commercially viable projects with private sector partners.
He announced this new funding to advance scientific cooperation on Thursday at the Pakistan-U.S. Science and Technology Symposium: Economic Growth Through Technology Transfer, organized by the Higher Education Commission and the Ministry of Sciences and Technology, and hosted at the National University of Sciences and Technology.
“International science and technology cooperation is essential. We do not live in a bubble; we live in a globalized world faced with challenges that cross borders and require innovative solutions,” said Ambassador Olson.
The Pakistan-U.S. Science & Technology Cooperation Program will sponsor two competitive seed grant programs in 2013: Innovate! and Collaborate! Under these programs, researchers can apply for seed grants of up to $15,000 starting in summer 2013.
This year’s Pakistan-U.S. Science and Technology Symposium marks the 10-year anniversary of the Pakistan-U.S. Science and Technology Cooperation Agreement and highlights a new focus on economic growth through scientific cooperation.
The two-day symposium brings together American and Pakistani researchers, universities, research institutions, government officials, and entrepreneurs to help build partnerships between researchers and the private sector.
The sessions include hands-on workshops on establishing private sector partnerships, intellectual property, and how to “sell” a business idea to potential investors.