UGC, iDEA Project to create innovation hub

UGC and the iDEA Project will create innovation hubs for developing entrepreneurs and startups in universities across the country.

A Memorandum of Understanding (MoU) was signed with the University Grants Commission (UGC) in this regard on Wednesday in the conference room of the iDEA Project of the ICT Division at ICT Tower in Agargaon.

Project Director (Joint Secretary) of the iDEA Project Md Abdur Rakib and UGC Secretary (Additional In-charge) Dr Ferdous Zaman signed the MoU on behalf of their respective organisations where Senior Secretary of ICT Division NM Zeaul Alam PAA and UGC Chairman Professor Dr Kazi Shahidullah were present.

According to the MoU, concerned academics, researchers, experienced and skilled individuals in the field of industry and business will be involved as resource persons in this activity.

As a result, entrepreneurs will acquire new technology, funding, and business knowledge that will enable them to advance their innovations or start-ups successfully.

Senior Secretary Zeaul said, "In addition, UGC's ‘Mujib 100 ideas’ contest will be held every year from where mentoring and grooming will be provided to the top 100 initiatives through the Innovation Hub.”

As a result, these start-ups will reach their seed and growth stage by increasing their knowledge and skills. At the same time, the top 10 startups of the "Mujib 100 Idea" contest will be given a grant of Tk10 lakh based on the evaluation by the selection committee of the iDEA project."