To build a strong ecosystem of entrepreneurship in Islamabad, with existing and budding entrepreneurs, universities, incubation centers, investors, mentors, overseas Pakistanis and supporting organizations as key players.
High tech knowledge economies are pivoted on a strong entrepreneurial ecosystem characterized by startups, innovation and product focused development. Silicon Valley in the USA, Singapore and Israeli technology industries are good examples. Entrepreneurship and ability to ‘venture into the wild’ are the most effective ways to build and sustain a knowledge economy. This entrepreneurship can manifest itself in the form of niche product development or even in ventures inside established concerns (like ITeS/BPO companies).
Innovating and entrepreneurship not only solves real world problems but also returns great dividends with minimum investment of human resources. Most importantly, it inculcates a mindset and culture characterized by innovation, creativity and a belief to achieve big things.
Pakistan in general and Islamabad in particular does not have the big numbers to sustain and build a knowledge economy based on providing services to domestic or international markets (generally classified as outsourcing). The key differentiation and agent of change is through enabling entrepreneurship and innovation.
The strategic plan will focus on enabling entrepreneurship primarily through two means; firstly by facilitating an ecosystem that helps finance and sustain the entrepreneurial ventures and secondly.