LUMS Center for Entrepreneurship awarded UKAid grant to fuel growth of educational ventures
Lahore University of Management Sciences (LUMS) entrepreneurship center has been awarded a grant by UKAid to promote education and startups working in that domain. The agreement has been signed with Mott MacDonald Ltd.
The grant comes through Uk Aid’s initiative “Ilm Ideas 2 Education Innovation Fund” which is all about promotion of education, and innovation to improve the disappointing figures relation to education sector in Pakistan.
Pakistan has the highest number of out of school children. There are more than 25 million children who don’t have access to education in the country. With the latest grant, LUMS Center for Entrepreneurship will scout for startups working on education sector, or building innovative products for education.
The contract was signed by Vice Chancellor of LUMS, Dr. Syed Sohail Naqvi on behalf of LUMS Center for Entrepreneurship, and Team Lead of the Ilm Ideas 2 Education Innovation Fund, Shahida Saleem on behalf of Mott MacDonald Ltd. Other people in attendance at the contract ceremony were the Executive Director of LUMS Center for Entrepreneurship, Khurram Zafar and the Center’s management team, the management team of Ilm Ideas 2 and the Grants Management Specialist of LUMS, Saad Suhail.
Recognizing the need and importance of such interventions in the education sector of Pakistan, Dr. Sohail Naqvi said, “We are glad to play a pivotal role in identifying and supporting such disruptors and hope that LUMS can continue to do so beyond the life of this program,”
Shahida Saleem congratulated LUMS on playing a pivotal role in the promotion of entrepreneurship and innovation through its Center for Entrepreneurship. She added, “We are genuinely excited about this collaboration and look forward to creating a self-sustaining community enabled to continue supporting and investing in education in Pakistan.”
LUMS will soon be inviting innovators in the education field to address the challenges identified by the program, pitch solutions that address these challenges and obtain support and funding through the LUMS Center for Entrepreneurship platform.