Vision 2025 of Pakistan and Knowledge Economy

2. Role of Organizational Research Innovation and Commercialization (ORIC) in creating Knowledge EconomyBy: Engr. Attaullah Shah

3. Vision 2025 of Pakistan and Knowledge Economy • To become Asian Tiger like Malaysia, Hong Kong, Thailand and Korea. • “Well, I tell young People to be successful today that, first of all that what you learn today directly impacts what you earn tomorrow. This is knowledge based Economy” (Alexis Herman) “Our current expectations for what students should learn in school were set fifty years ago to meet the needs of an economy based on manufacturing and agriculture. We are now economy based on knowledge and Technology” (Bill Gates)

4. 7 Pillars of Vision 2025

5. Relationship between SDG/MDG and Pillars of Vision 2025

6. Role of Higher Education • Create new Bread of educated Pakistani Class which is fit to throw up the future captains of Business and Industry • Business Community being the Centre Forward of the economy • Universities are the Nurseries for growing businessmen of stature

7. The opportunity of Mass Employment through Industrialization • Mass Employment through Large Scale Industrialization • Encouragement of SME • Vibrant Service Sector

8. Role Universities • Vaue addition of • Local Labor and Manpower • Local Raw Material • Local Skills • Local Clusters • Create new breed of Business persons with capability of value addition through enterprise analysis, education and market orientation

9. How to do this? • Channelizing University research • Solving Local Problems • Identify and en-cash global opportunities • Reverse Engineering for Wealth Creation

10. A matter of Concern • Pakistan’s best brains are lost to the West • In pursuit of their own standard of living and ease of operation • The manpower which should have been harnessed to create national wealth within Pakistan is lost to bolster the GDP foreign countries • Pakistan receives only home remittances from its unskilled workers toiling and myriad social problems.

11. Road to Economic Success • Amend University syllabi to prepare students for • Motivation For Self Employment (e.g. include biographies of successful Business Icons) • Product Design • Marketing Research • Exposure to markets • Marketing Skills • Confidence building • Culture of Risk Taking

12. Focus Needed • Each University also needs to cater to the following needs for their SURROUNDING areas when creating or modifying syllabus • Local Labor • Local Raw Materials • Local Skills • Local Clusters • Local Opprtunities

13. ORICs • Formation f Youth Entrepreneurship Society (YES) Clubs: • Proven model for creating awareness, motivation, & engagement among University students • The activities include Business Plan & Business Model Competitions, Story telling sessions and Entrepreneurial activities, expos & exhibitions • The Model can run with minimal level of supervision

14. ORICs • Visibility within and outside University • ORICs Outreach and Marketing ( Social media and web) • Industry Advisory Boards • Formation of YES clubs • Intellectual Property Rights (IPR) information Centre • Fund outreach & Marketing for Technology Development Fund.

15. ORICs • Industry Advisory Boards • Members from industry, various Faculties and ORIC • Quarterly Focused and Objective Based meetings • Need and Capability Assessment • National and International Collaboration • Incentives for Industry Research & Product Development • Industry Engagement in FYP • Industry Visits

16. FICS National Competition • ORICs participation in FICS National Business Plan Competition • Leading Entrepreneurial Culture • Involving Buisness Leaders as Judges & possible Investors • Exciting the Minds for Disruptive High Growth idea

17. What Industry Can do? • Sponsor marketable research Product s • Research spending for creating Employment • Buy Stakes in Tech Startups • Look for opportunities for disrupting exiting business Model

18. City University Business Incubation Centre (CUBIC) • Jointly conceived with ABE-UK • CUSIT/PMEIS- A market of 26000 students and 10000 teachers and staff • 3 months Level 3 Certificate will be offered to CUSIT graduates in Engineering, Management and Comps Sc./IT • After Successful completion of the course, ABE(UK) certificate of Startup will be awarded • The graduates will be trained through workshops, Mentors interactions and Industry visit to develop their business ideas. • They will be invited for Ideas competitions • Top ten ideas will be selected for developing Business Plans. • The selected incubates will be given space and other facilities at CUSIT to develop their businesses in partnerships with CUSIT • On becoming full fledged Entrepreneurs, they will be sent to the market to establish their own businesses after one year.

19. Leadership is targeting the goal. Totally focused .

20. Leadership is nurturing the team in a new style.

21. Leadership is breaking all records..

22. Leadership is reaching the unreachable

23. Leadership is a blend of tradition and modern styles

24. Leadership is demonstration of courage. Leading by example

25. Leadership is passing on the knowledge and making leaders.

26. Leadership is challenging assumptions

27. Leadership is caring the little ones….

28. Leadership is managing the diversity….

29. Leadership is managing & driving the challenges…

30. Leadership is winning. Come what may.

31. Leadership is thinking, Communicating and doing.

32. Leadership is mentoring. Monitoring and motivating the team to win.

33. Thank You