LAHORE: Samsung Electronics Pakistan and Lahore University of Management Sciences (LUMS) have joined hands to support and empower social startups contributing towards the achievement of the United Nations Sustainable Development Goals (SDGs).
Through this collaboration, Samsung and LUMS aim to accelerate start-ups delivering on their full entrepreneurial potential and create a positive impact.
The official MoU signing ceremony for the collaboration took place at the National Incubation Centre Lahore (NICL). The MoU was signed by Samsung Pakistan Managing Director Roy Chang and LUMS Vice-Chancellor Dr Arshad Ahmad.
Speaking on the occasion, Chang said, “Everything we design and create at Samsung, anticipates human behaviour and solves a problem, clearly. Samsung is determined in its quest for innovation that inspires meaningful human progress and that’s the culture we want to promote through this initiative to contribute towards a more innovation-driven economy and solving key local challenges identified by the United Nations.”
Addressing the gathering, Dr Ahmad said, “For a company like Samsung to choose LUMS to collaborate with is a great privilege and we are very grateful for this. The agenda we have for the next five years is to fuse together other disciplines with science and engineering and we call that a no-borders agenda and partnership with industry is critical to make this successful.”
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Such collaborations are healthy for the whole eco system. However let’s see the results as the actual gap is in the commercialisation of local startups . Will Samsung provide that opportunity to Pakistani startups ? That’s a million dollar question