ISLAMABAD - The National Information Technology Board (NITB) has announced to provide space for the National Incubation Centre.

The National Incubation Centre will be established at NITB building in H-9.

This was decided during the 44th Board of Directors meeting of the National ICT Research and Development fund yesterday, said a handout from Ministry of IT.

The Federal Minister for Information Ministry Anosha Rehman during the meeting said that young entrepreneurs are an asset and the government is focusing on their capacity building through an appropriate policy measure. Therefore, she said it has been decided to establish a state-of-the-art National Incubation Centre.

The Federal government is pursuing a three pronged strategy for ICT development throughout the country which includes provision of subsidies for laying fiber optics and broadband proliferation (especially in un-served/underserved areas), Infrastructure development and technical training.

The Research and Development Fund has already floated an advertisement for “Proposal of Interests” from relevant professionals/agencies for setting up of a “Tech City”.

According to newly announced telecom policy, the National ICT Research and Fund will be used for the development and deployment of applications and relevant content associated with government developmental goals and WSIS Action Lines.

This will be delivered through telecommunications networks, including via smart phones, tablets and through Telecentres.

The fund, as per new policy, will be utilised for demand and output driven research and development. Moreover, the fund will ensure that the eco-system, applications and content that will get developed under its oversight will be equally relevant for many other developing countries.

It will facilitate promotion of ICT start-ups, incubators, technology acceleration programmes as well as Human Resource Development.