The Small and Medium Enterprise Development Authority (SMEDA) has signed an MoU with IM-Sciences, a higher education institution, for collaboration in making efforts for the enhancement of entrepreneurship activities and strengthening of SME in the region.
The Institute of Management Sciences, Peshawar, properly known as IM-Sciences offers graduate and undergraduate programmes in management sciences, social sciences and computer science.
On behalf of SMEDA, the memorandum of understanding (MoU) was signed by General Manager, Central Support, Mohammad Khuram Khan and Khyber Pakhtunkhwa SMEDA chief Javed Iqbal Khattak while IM-Sciences was represented by Director, Dr. Mohsin.
The main purpose of the MoU signed in this regard between SMEDA and the institute is to establish a strong liaison and collaboration between the two parties.
Both the parties have agreed to work jointly for the development of small and medium enterprises (SME) sector in the region.
According to the terms and conditions, both the parties will collaborate in the areas of common interests to promote entrepreneurship and strengthen the small and medium business sector. Furthermore, the collaboration will work for the enhancement ofentrepreneurship activities relevant to the SMEs in the area. Theseactivities will include but not limited to only acceleration of theculture of entrepreneurship amongst students, youth and public at large, carry out research for collection and dissemination of information required for supporting start up ventures and large businesses, provide technical and profession help and advice for nurturing of new enterprises, hold awareness sessions and motivational seminars for promoting the spirit of entrepreneurship among the youth.
Furthermore, both parties will also collaborate in organizing business plan competitions, workshops and training programs, which foster entrepreneurship and build capacity of the SMEs in the region.