LAHORE – Small and Medium Enterprises Development Authority (SMEDA) has signed a tripartite memorandum of understanding (MoU) with Higher Education Commission (HEC) and the five universities selected for implementation of its National Idea Lab (NIL) Programme to promote entrepreneurship among educated youth. SMEDA CEO Hashim Raza, while addressing the signing ceremony, said that the National Idea Lab (NIL) would promote entrepreneurship development and new enterprise creation to nurture and promote the creative ideas of young entrepreneurs. Earlier, HEC Executive Director Shaista Sohail, in her address of welcome, thanked SMEDA CEO to repose confidence in the HEC for implementation of an innovative program for promotion of entrepreneurship among the educated youth. She was confident that National Idea Lab (NIL) programme would bring the tangible results in creating new and non-conventional enterprises. She said that youth of Pakistan were full of exclusive business ideas, which would be transformed into working enterprises with the support of NIL.

Source: The Nation May 26, 2022 01:29 UTC