National Incubation Center for Aerospace Technologies (NICAT) in Rawalpindi, operating under the Special Investment Facilitation Council (SIFC), recently marked a key milestone with the inauguration of its third cohort.
With a capacity to accommodate up to 100 startups, NICAT offers a comprehensive one-year training program to aspiring entrepreneurs. The center, equipped to conduct two batches annually, is a collaborative effort involving the Ministry of Information Technology and Telecommunication, Pakistan Aeronautical Complex (PAC), Ignite, Air University, and the National Aerospace Science and Technology Park (NASTP).
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NICAT serves as a launchpad for startups and early-stage companies, providing crucial support to transform innovative concepts into viable businesses. Through access to cutting-edge research and development facilities, mentorship programs, networking events, manufacturing partnerships, and investor connections, NICAT fosters an environment conducive to growth and innovation.
Upon completion of the program, graduates of NICAT are likely to revolutionize the aerospace industry, introducing groundbreaking products and services to the global market.
This strategic investment by SIFC underscores Pakistan's commitment to fostering innovation in IT and AI, positioning the nation as a leader in the region.
