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Formation of startups and new companies
Commercial exploitation of science, technology, and novelty
System of laws, regulations, strategies, and funding priorities
Discovery and creation of new knowledge of the natural world
Application of new knowledge towards useful social ends
[ISLAMABAD] In a major policy shift, Pakistan’s government has declared science and innovation as a “central pillar of socio-economic development”, and has promised to increase research spending from 0.59 to two per cent of gross domestic product (GDP) by 2020.
Pakistan’s ‘Science, Technology and Innovation Policy’ — more than three years in the making — outlines a ten-year roadmap for developing science and technology (S&T) and recognises innovation as a central part of the country’s S&T system.
The policy was presented to Prime Minister Yousuf Raza Gilani last week (20 September), whose personal support may help to fast-track it through the legislative process. But it still has to go through the Ministry of Law and the Cabinet, before being passed by the Parliament in a formal vote.
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