At the TIE Event, the Prime Minister Syed Yousaf Raza Gilani directed the HEC to direct some of its funds towards entrepreneurship support and to work with the TIE Islamabad team towards that goal.
Since he wasnt clear on specifics, this could imply anything from sponsorship of future events to a SEED or Angel Investment fund. The TIE members would probably explore the possibilities together with HEC… I’m assuming over a long-winded process of evaluation (which is fine, money is involved after all?)
In addition, the prime minister said "we would like for the TIE members to be the think tank for the government" which certainly made the charter members thrilled.
Before this, Dr. Atta-ur-Rehman has mentioned some interesting initiatives they have underway to support R&D in the country, whereby funds are provided to faculty who is willing to conduct R&D using local resources. Perhaps TIE can bring in the industry link on the same type of activities to open up opportunities for innovation-centric startups to gain some funds to build and secure their Intellectual Property.
We’ll followup on this in a month or so and try to get some updates then.