ISLAMABAD: The government would build ten Science and Technology Parks in the next five years, to exploit innovation and entrepreneurship for development of the country’s knowledge economy.

This was stated by Minister for Science and Technology, Chaudhry Fawad Hussain during his visit to Huawei Authorized Network Academy at NUST in Islamabad.

He said these Parks would be built on the model of National Science and Technology Park established at NUST.

Also Read: Govt to establish more technology parks in educational institutions: Firdous

The Minister said his Ministry’s prime focus is on reaping benefits from Biotechnology, which could potentially contribute four per cent share to the country’s overall GDP.

On Dec 10, Special Assistant on information and Broadcasting Dr Firdous Ashiq Awan had said the government was determined to establish more technology parks in educational institutions to promote knowledge economy.

In a thread of tweets regarding the establishment of Science and Technology Park at the National University of Science and Technology (NUST), the PM’s aide had said the project would play the role of a bridge between academia and the industry.

She had said the park would promote research and give impetus to digital economy.