News

National Idea Bank (NIB) closing ceremony held at UET Lahore

National Idea Bank (NIB) is a platform for anyone in Pakistan to share their innovative ideas with leading industry experts in a safe and protected manner and get them evaluated. The outstanding ideas will not only get recognition but also a chance for further Implementation. NIB was inaugurated by the president of Pakistan on 4th February 2021 at his presidency.
The Call for Ideas for NIB program was launched on 27th September 2021 in 12 cities of Pakistan, a competition, where anyone in Pakistan could enter their innovative ideas, win recognition and prizes. The call was given for 6 sectors that is Agriculture, Construction, Education, Human Health, natural Recourses and E-Commerce. We have over 14,000 registrations and have collected 2098 ideas. Almost 300 reputable judges are brought in a diverse pool, covering industry, academia, government, all six sectors, with over 25% women representation.
A closing award ceremony of National Idea Bank (NIB) for Punjab was held at UET for the winning and participating students, in which they were awarded with certificates and prizes. Minister for Higher Education Raja Yasir Humayun Sarfraz was the chief guest. Talking to participants, the minister lauded the talent of students and asked others to follow their footsteps. He added that the government has established centres to facilitate and support incubation of innovative ideas in several cities. Vice Chancellor UET Prof. Dr. Mansoor Sarwar said that UET has completed its journey of a century. National Idea Bank is a way for the students of the university to fulfill their dreams of innovating. He also thanked the government for providing students the opportunity to realise their creative ideas. He also paid tribute to the efforts of UET NIB task force. Mian Misbah-ur-Rehman was also guest of honor at the ceremony. He strongly encouraged the students to dream high and venture into the field of entrepreneurship. At the end of the ceremony, certificates of appreciation were also distributed among the students.

UET Lahore