UHE lays foundation of Business Incubation Centre

Lahore (Thursday January 12, 2023): To facilitate fresh graduates and entrepreneurs with brilliant business idea, the establishment of Business Incubation Centre inaugurated at University of Home Economics (UHE) Lahore with the generous funding of 3.34 million rupees by the Chairman FPCCI Mr. Irfan Iqbal Sheikh.

The foundation laying ceremony was attended by Minister for Minister for Higher Education Raja Yassir Humayun, Chairman FPCCI Mr. Irfan Iqbal Sheikh and Vice-Chancellor Prof. Dr. Kanwal Ameen. The generous donor for BIC is also the co-chairman of ORIC steering committee of the UHE.

Prof. Dr. Kanwal Ameen, Vice-Chancellor, presented the idea and cause of BIC, she said BIC will have the capacity to support group of students for their startups as young entrepreneurs with exciting business ideas and they will be provided training at BIC to establish new businesses. Prof. Ameen further explained that business ideas will not only be provided financial support to the students, but they also benefit from the supervision and guidance of experts from industry in their respective fields. She said, UHE is encouraging its students towards entrepreneurship in order to get financial liberation.

Vice-Chancellor also admired and appreciated Mr. Irfan Iqbal Sheikh for generous funding to establishing Business Incubation Centre. While speaking at the inauguration, The Minister for Higher Education Punjab, Raja Yassir Humayun said, education should not be confined to getting white collar jobs and to get into public offices, there is a dire need to empower our educated youth through entrepreneurship.

The generous donor then President Federation of Pakistan Chambers of Commerce and Industries Mr. Irfan Iqbal Sheikh said businessmen earn wealth by doing business in Pakistan, it is the prime responsibility of business community to pay back our society. He also announced the initial financial assistance and funding to those students for executions their business ideas. He said, BIC is a brainchild of Prof. Dr. Kanwal Ameen and we will together protect future of students of this university through this Centre.

While briefing the guests, Syed Muhammad Waqas, Director Planning & Development, said, the construction of the Business Incubation Center building will be completed in 3 months. The Vice-Chancellor presented a token of appreciation to Mr. Irfan Iqbal Sheikh for supporting the education cause.The foundation laying ceremony was also attended by Dr. Bushra Mirza, Vice Chancellor LCWU, President Alumnae Association Dr. Rafia Tahir, Dr. Dardana Malik, Registrar Shujaat Munif Qureshi, Syed Mohib Shamsi, Muhammad Kashif, Dr. Wahab Ali, Ahmed Faraz, faculty members and officers.