(20th September, 2014) Higher Education Commission (HEC) chairman Prof. Dr. Mukhtar Ahmed announced the funding of 60 technological companies from universities to address the immediate needs of IT industry. He emphasized that each company has to achieve a legal status with faculty and student involvement for funding.
President (Pakistan Institute of Entrepreneurship, PIE) Mr. Tahir Mahmood Chaudhary appreciated the announcement and offered his full support for new startups of all the attendees. While addressing the attendance of approximate 145 from academia and industry on ‘Software Freedom Day’ Celebration, an event by Open Source Foundation of Pakistan (OSFP) and HEC, the Chairman acknowledged the importance and need of Open Source software development not only to cut the cost but to bring in the desired freedom of alteration on as and when required basis. He further added that a huge proportionate of industry has already adopted the Open Source software instead of proprietary ones.