23rd September 2017
To effectively commercialize R&D products and technologies of MoST R&D organizations, STEDEC Board of Directors advised Ministry of Science and Technology to evaluate and prioritize promising technologies of various R&D units working under MoST so that they could then be taken up for commercialization by STEDEC.
Ministry of Science & Technology invited proposals from its R&D organizations. In order to better assess these organization’s technologies and expertise, an information collection proforma was prepared by STEDEC and circulated among them. This proforma was meant to collect data regarding how current the technology was, market need addressed by it, size and diversity of market addressed by it, whether technology was patented/patentable or not, cost to market, and whether it supported import substitution.
The list of products and technologies submitted by these organizations was evaluated by STEDEC and presented to the commercialization Committee set up for this purpose.
The first meeting of the MoST Committee was held on 23rd September, 2017 at STEDEC Head Office, Lahore, under the chairmanship of Additional Secretary MoST, Mr. Muhammad Ashraf. Other members of the Committee included Dr. Quratulain Syed, DG PCSIR Lahore; Dr Ahmad Bilal, In-charge Commercialization Cell MoST and, Syed Raza Abbas Shah, Managing Director STEDEC.
DG PCSIR Lahore and her team presented their products and technologies in this meeting, from which a shortlist of five promising products/technologies was agreed upon. It was further decided that subsequent meetings with remaining R&D organizations would be held shortly, later to which list of promising products and technologies would be submitted to STEDEC’s Board of Directors for approval., STEDEC would then undertake feasibility and market studies to commercialize these promising products and technologies.
Committee was of the unanimous view that there should be some ownership from R&D organizations in the form of funding commercialization/marketing/feasibility studies to be undertaken by STEDEC.