‘Entrepreneurship is the key to economic prosperity’    

KARACHI: The Karachi University has arranged a seminar on ‘lead, innovate, unraveling the power of entrepreneurship education’ to promote the startup culture in the university to create job opportunities for the youngsters,.

The event was organized by the Office of Research Innovation and Commercialization, University of Karachi in collaboration with Dr Essa Laboratory and Diagnostic Center at the Karachi University Business School’s Auditorium.

The speakers of the event emphasize that entrepreneurship is the key to economic prosperity not for the individuals but also the country. In an attempt to promote entrepreneurship culture and leadership skills among students, the University of Karachi, Transformation International Society and Organization of Pakistani Entrepreneurs of North America have join hands to provide maximum facilities to them.

The stakeholders have decided that free of cost training program would be conducted to strengthen the skills of the students on a weekly basis and well-known market giants would hold those sessions.

During the seminar, the KU Vice Chancellor Professor Dr Khalid Mahmood Iraqi, announced to allocate Rs1 million for the newly established Karachi University Business Incubation Center (KUBIC) whereas the CEO Dr Essa Laboratory and Diagnostic Center Professor Dr Farhan Essa announced to donate half a million for the KUBIC.

The Founder TIS Dr Muhammad Imran Yousuf said that every businessman is not an entrepreneur. An entrepreneur is a person who thinks of the benefit of the customers and consumers before his benefit.

He advised students to complete all necessary paperwork and before launching their startups and said that in-depth analysis before setting startups is also very important for the success and so is the post-launching phase examination.

Dr Farhan Essa said that the objective of OPEN is to promote entrepreneurship in Pakistan and give all kinds of support to young entrepreneurs of the country. He mentioned that Pakistani entrepreneurs have earned billions in America, who are now settled in USA, and want to serve Pakistan. We have to compete regardless of failures.

“There are many reasons for failure of Startups, one needs to identify the target audience correctly.”

The KU VC Professor Dr Khalid Iraqi said that my approach is to prepare KU students for taking a lead in the business and corporate sector and it will open doors of employment of our youth. “Our teachers are our strength, our youth has enormous potential and they have proven themselves against all odds in every walk of life.”

The KU VC Professor Dr Khalid Iaqi advised that one should not be hopeless rather utilize his skills for the betterment of the society.

The Chairman IBA AMAN CED Dr Shahid Qureshi said that only good results are not a guarantee of success, human intelligence and innovative skills are the ones which ensure success. “An innovative mind not only prospers ownself but also opens doors for thousands of youth of the society.”

He informed the audience that whatever he has studied, he applied in his practical life. “I got to know a lot of things while doing my PhD in Germany, I got to know that you get positive results when you do a work with a positive approach.”

The speakers lauded the KU VC Professor Dr Khalid Iraqi who accepted the proposal out rightly and supports this kind of ventures. They urged that interested students should learn about the pre-incubation process before going to launch their startups to avoid disasters. They also announced that pre-incubation training would be given to students to start their businesses so that they could learn how to reduce the losses.

 

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