PITB to Launch Nine Incubation Centers in Punjab

PITB will be launching nine incubation centers in Lahore, Bahawalpur, Dera Ghazi Khan, Faisalabad, Multan, Rawalpindi, Gujranwala, Sahiwal, and Sargodha in partnership with public sector universities, the board said in a statement.

Of these centers, the ones in Lahore, Bahawalpur, and Sargodha will start functioning in April, it added. Elaborating on the board's plan, the statement of PITB said "Regional Plan9 aims to inculcate a technology-driven entrepreneurial mindset across the province that will be the key to expanding and strengthening the startup ecosystem."

The selected startups will be provided several services, including free office space, monthly stipends, networking opportunities, mentoring, and training. For the selection process, Regional Plan9 will hold "The Launchpad" to "induct startups using eligibility criteria and a judicious process that involves input by domain experts".