Business Incubation Centers in Public Sector Universities Establishment of BIC

Establishment of BIC - Criteria

HEC announces Call for Proposals for Establishment of Business Incubation Centers at Public Sector Universities on annual basis.

For Establishment of BIC, the following guidelines are to be followed:

BICs will be established at leading public sector HEI, where there is an established and well performing ORIC.
Private Sector HEIs can also take benefits associated with the BIC Program, by forming a consortium of Universities for the Establishment of BIC (preferably 4 – 5 HEIs).
Interested HEIs will formally apply to HEC for the establishment of BIC and after evaluation of shown interest, the application for establishment of BIC will be approved with a limited time period funding (maximum for 02 years) covering the operational expenses in 60:40 sharing ratio.
For further details, please refer to HEC BIC Policy available in Downloads Section.