Futurizm had always been welcoming the joint ventures for transferring the knowledge and bring variety in ideas. An entrepreneur can learn more when he explores more. So, Futurizm is striving to get collaborated with International entities.
Collaboration with Extreme Commerce
The center facilitated for a Memorandum of Understanding (MoU) between University of Management and Technology, Lahore Pakistan and Extreme Commerce on the 12th of January, 2021.
On behalf of UMT it was signed by Mr. Khalid Naqi, Director OCLP, UMT and on behalf of Extreme Commerce it was signed by Mr. Hameer Ali, General Manager, e-commerce.
Extreme Commerce enables the provision of professional training for running and managing e-commerce businesses in Pakistan. The affiliation aims to provide free access to the Video Boot Camp 2021 (VBC 2021) of Extreme Commerce to the UMT family, whose actual fee is USD 180/-, so that they can learn and enhance skills necessary for establishing an e-commerce business in Pakistan. The Video Boot Camp comprises 50+ practical skills development courses which, as per Extreme Commerce’s vision, would enable you to earn at least USD 1000/- per month. The complete training program aims to facilitate smooth and profitable standing of participants’ e-commerce businesses and step by step guidance on how to set up an Amazon business in Pakistan, with special focus on the entire Amazon’s income generation model i.e Building Private Label Brand at Amazon, Amazon FBA wholesale and Drop Shipping etc. We hope that this collaboration would contribute towards growth and stability of the regional economy and help bring forth new digital income opportunities for the UMT family
Collaboration with Code International
A memorandum of understanding was signed between UMT and Code International (Turkey-Iran-Pakistan) on October 17, 2020. This collaboration aimed to provide multiple opportunities for student entrepreneurs in the region, so that they can contribute to the economic prosperity and regional development. UMT and Code international would organize sessions/seminars together to facilitate innovative startups and their entrepreneurial dreams.
Collaboration with PITAC
Futurizm joined hands with Pakistan Industrial Technical Assistance Center (PITAC) for facilitating invigorating entrepreneurship amongst UMT students through technical, commercial and incubation support.
The government of Pakistan established Pakistan Industrial Technical Assistance Centre (PITAC) in 1962 with the merger of Industrial Research and Development Centre (IRDC) and Industrial Productivity Centre (IPC) under the administrative control of Ministry of Industries, Government of Pakistan.
A Memorandum of Understanding (MoU) was signed between UMT and PITAC on December 22, 2020 through Futurizm when the Registrar UMT Mr. Saleem Atta, and the Manager Futurizm, Mr. Muhammad Yasir Amjad visited PITAC head office. The collaboration aims to provide multiple opportunities for young startups and UMT supported research projects. This collaboration would directly contribute towards Skill development for the SME’s and light engineering sector related students.
Together UMT and PITAC would engage students and provide support in practical learning and accessing different equipment so that UMT students would be encouraged towards innovation and develop value-based skills.
Collaboration with NIC, Karachi
An MOU was signed in good faith between UMT, Lahore and National Incubation Center, Karachi.
It outlined the areas of collaboration in facilitation as well as coordination in establishment of linkages with corporations, industries and investor interested startups. Potential knowledge exchange and expertise sharing were also subjected in the collaboration. Both parties agreed to promote NIC Karachi and UMT’s startups as well as supported research projects in all disciplines.
This cooperation would assist in the development of innovative products/services by student entrepreneurs and their successful commercialization.
Collaboration with IdeaGist
IdeaGist Global Platform connects innovators, entrepreneurs, investors, and students from 195 UN-recognized countries and territories. Under the umbrella of the Prime Minister’s Startup Pakistan, IdeaGist plans to invest PKR 8 billion, over the next five years, in the entrepreneurial and innovation (E&I) ecosystem in Pakistan.
UMT and IdeaGist entered into an agreement in which both parties would work together to start and support business incubation program, develop ideas on technology commercialization, showcasing innovations, provide access to investment and funding, and implementing best practices at policy and procedures level.
Collaboration with DICE Foundation USA
DICE Foundation, is a non-profit, tax-exempt organization, registered in Michigan, USA. DICE Foundation in collaboration with its domestic and international partners is pursuing a DICE Program in Pakistan, to foster a culture of Innovation and Entrepreneurship in the country and transform Pakistan into an innovative-driven economy. The partners of DICE Program in Pakistan are PCST, British Council, ISESCO, FPCCI, British Council, NUST, COMSATS, IST, UET-KPK, UET-Taxila, UOG, IBA Karachi, UAF, LUMS, DUHS, NTU, Sukkur IBA, SMEDA, PSF, ICT R&D Fund.
It is a moment of pride for Futurizm to get collaborated with DICE Foundation and together they are arranging DICE Entrepreneurial Events at UMT to boost the culture of entrepreneurship.
Collaboration with JumpStart Pakistan
JumpStart Pakistan is an entrepreneurial movement whose ultimate vision is to create a national robust sustainable ecosystem of enterprise by leveraging the nation’s resources and uniting to be stronger together in building a great nation.
Launched in 2014 all across the country to bring a sizable change in Pakistan through entrepreneurship. We aim to solve 1500 problems of Pakistan by handholding young individuals who yearn to play their part in adding something better to a common man’s life. Jumpstart Pakistan is currently operating in 15 cities of Pakistan and 4 chapters globally and engaged with 50 + universities to establish the ecosystem of an enterprise to bring economic prosperity in Pakistan. Jumpstart Pakistan has various small, medium and large-scale initiatives from promoting entrepreneurship to educating startups and scaling businesses.
Futurizm is pleased to collaborate with JumpStart for future collaborative efforts to promote entrepreneurial culture.
Collaboration with YES Network Pakistan
Youth Engagement Services (YES) Network Pakistan owes its origin to the dissatisfaction of one young man from the typical, run of the mill, type of programs developed and executed for the youth of Pakistan. Based on the principle of pouring desire into young people rather than bringing it out from within them, these programs have little if any impact on the hearts & minds of the country’s youth. Consequently, their chances of improving the lives of these young people in any way what so ever are minimal if not non-existent.
Testimonial by Mr.Ali Raza Khan -CEO YES Network Pakistan
“It is a pleasure to partner with the University of Management and Technology for the promotion of the concept of social entrepreneurship among the faculty members and students. I have found everyone at Futurizm to be much focused, open and fast to understand the growing needs of the students.
I must appreciate the contributions and matchless commitment of Mr Rashid Hussain, Director, Center for Entrepreneurship and Innovation for pioneering new approaches to unleash the entrepreneurial talents of the students. I can’t express enough how refreshing it has been to work with him to launch and implement several exciting social entrepreneurship projects. It is very encouraging to see the role of Futurizm in breaking the equilibrium of low engagement of students in entrepreneurship activities at all levels of the higher education system in Pakistan. The flexibility and eagerness that his entire team has demonstrated to us in every interaction are simply remarkable. I look forward to an on-going relationship.”
Collaboration with Women Chamber of Commerce and Industry
WCCI is a group of individuals who believe in the potential of women entrepreneurs in Pakistan and solely dedicated to promoting the cause of women in business. The chamber can also be looked upon as an advocacy group for dealing with issues of economic empowerment of women.
Futurizm is proud to get collaborate with WCCI to promote the culture of women entrepreneurship in UMT.
Collaboration with Plan9
Plan9 is the largest technology incubator of Pakistan. It is a project of Punjab Technology Board (PITB), Government of Punjab, Pakistan. Plan9 is instilling the culture of tech entrepreneurship and trying to achieve sustainable growth for early-stage product-based ideas by providing domain-specific mentorship and investment opportunities to create commercially viable technology startups from Pakistan. Futurizm is proud to become a Network Partner with Plan9. Futurizm has strong ties with Plan9
Innovators Garage
National Incubation Center
A Memorandum of Understanding (MoU) was signed between the University of Management and Technology (UMT) and the National Incubation Center on September 07, 2022, through Center for Entrepreneurship and Innovation (CENTIN)/Futurizm.
Progressing forward with its vision to pave new paths and possibilities for student entrepreneurs, CENTIN/Futurizm of UMT has now concurred its efforts with National Incubation Center (NIC), Pakistan.
The objective behind signing this MoU is to establish the provision of technical, commercial, and incubation support to student entrepreneurs as well as faculty members and arrangement of entrepreneurial events, webinars, innovation challenges, competitions, and Hackathons, as joint initiatives to help aspiring entrepreneurs improve their potential. Under this Collaboration, NIC Pakistan provides facilitation in the incubation roadmap, curriculum, mentors, and speakers and assistance for incubated startups in solving challenges and commercialization of innovative technology. Further, the linkages for arranging programs and services will be established.
MoU Signed Between UMT and NICAT
On September 14, 2023, the University of Management and Technology (UMT) and the National Incubation Center for Aerospace Technologies (NICAT) inked a Memorandum of Understanding (MoU) at NASTP, Old Chaklala Airport Road, Rawalpindi. This strategic alliance aimed at nurturing innovation within the aerospace sector promises to be a game-changer.
The MoU involved key stakeholders, including NICAT's President Mr. Ayub Ghauri & Project Director NICAT, Mr. Imran Jattala, and Prof. Abid H.K Shirwani (D.G, UMT), Dr. Muhammad Yasir Amjad (Director, CENTIN, UMT) and Dr. Faran Ahmed Hameed (Program Manager for Aircraft Maintenance Engineering, IAS, UMT).
The primary objectives are twofold: Firstly, to foster an entrepreneurial ecosystem within the aviation domain of both institutes, and secondly, to expedite the commercialization of aviation projects of UMT with NICAT's invaluable support. This collaboration opens doors for students and faculty members at UMT to transform their visionary ideas into thriving startups, thereby encouraging innovation in aerospace technologies.
Additionally, the partnership promises an array of joint initiatives. These include assisting in entrepreneurial events and fueling innovations. This MoU signifies a momentous leap forward in propelling aerospace innovation and entrepreneurship to new heights.
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