Pakistan Council of Research in Water Resources (PCRWR) Islamabad and PARC Islamabad would establish Technology and Innovation Support Centers (TISCs).
The Pakistan Intellectual Property Organization (IPO) signed institutional agreements with the International Center for Chemical and Biological Sciences at the University of Karachi (KU) on Wednesday.
According to the MoU for Chemical and Biological Sciences, the Pakistan Council of Research in Water Resources (PCRWR) Islamabad and the Pakistan Agriculture Research Centre (PARC) Islamabad would establish Technology and Innovation Support Centers (TISCs), according to a press release issued here.
Chairman IPO Pakistan Farukh Amil, Director General IPO Pakistan Ms. Shazia Adnan, Executive Director IPO Pakistan Meesaq Arif, and respective heads of the host institutes attended the signing ceremony.
Innovation support centres (ISC) are organisations that provide a range of services and resources to support innovation and entrepreneurship in a specific region or industry. ISCs can take many forms, such as incubators, accelerators, or technology parks, and may be operated by universities, research institutions, governments, or private companies.
The services offered by ISCs vary widely but can include mentoring, training, access to funding, networking opportunities, and shared facilities. Some ISCs may also provide specialized support for specific stages of the innovation process, such as prototyping or commercialization.
The institutional agreements will aid in the enhancement of the host institutes’ institutional capacity to effectively exploit the high-quality technical information available in the patent and scientific and technical literature databases.
The respective heads of the TISC host institutes praised the institutional agreements as a step forward in promoting innovation and research at their institutions and promised closer collaboration with IPO-Pakistan in the agreements’ effective implementation.
An institutional agreement is a legally binding agreement between two or more organizations that outlines the roles and responsibilities of each party involved in a particular project or activity. Institutional agreements can be used for a variety of purposes, including research collaborations, funding arrangements, and partnerships to achieve specific goals.
These agreements can establish the terms of the partnership, such as how resources will be shared, how intellectual property will be managed, and how disputes will be resolved. It also defines the rights and obligations of the parties and helps to ensure that the project will be carried out in a way that is consistent with their respective policies and regulations.