On September 14, 2023, the University of Management and Technology (UMT) and the National Incubation Center for Aerospace Technologies (NICAT) inked a Memorandum of Understanding (MoU) at NASTP, Old Chaklala Airport Road, Rawalpindi. This strategic alliance aimed at nurturing innovation within the aerospace sector promises to be a game-changer.
The MoU involved key stakeholders, including NICAT’s President Mr. Ayub Ghauri & Project Director NICAT, Mr. Imran Jattala, and Prof. Abid H.K Shirwani (D.G, UMT), Dr. Muhammad Yasir Amjad (Director, CENTIN, UMT) and Dr. Faran Ahmed Hameed (Program Manager for Aircraft Maintenance Engineering, IAS, UMT).
The primary objectives are twofold: Firstly, to foster an entrepreneurial ecosystem within the aviation domain of both institutes, and secondly, to expedite the commercialization of aviation projects of UMT with NICAT’s invaluable support. This collaboration opens doors for students and faculty members at UMT to transform their visionary ideas into thriving startups, thereby encouraging innovation in aerospace technologies.
Additionally, the partnership promises an array of joint initiatives. These include assisting in entrepreneurial events and fueling innovations. This MoU signifies a momentous leap forward in propelling aerospace innovation and entrepreneurship to new heights.