Lahore and Austin both have come together to establish the two cities “science cities.” Dr. Umar Saif Chairman Punjab Information and Technology Board (PITB) and Mr. Steve Adler, Mayor of Austin yesterday signed MOU, giving way to multiple joint initiatives.
Under this agreement, the two cities, Lahore and Austin, will come together for establishment and promotion of joint resources to strengthen entrepreneurs, and small and mid-sized companies to export or import to/from the partner community.
It will also facilitate trade by establishing business-to-business meetings or connections, including video conferencing, exchanges of knowledge and best practices in business incubation, acceleration.
The entrepreneurial culture will also benefit from the MOU as it will also provide other supporting resources for high-technology start-ups, identification and promotion of business-to-business ventures between the two communities.
Dr. Umar Saif said that under the MOU it is agreed to cooperate in the initiatives like organizing bilateral trade, economic development, and exchange missions to each city.
He also revealed that promotion of capital exchange and investment, development of joint educational programs and exchange opportunities between Austin universities and ITU would enable both sides to prepare students for the future. ITU previously partnered up with the U.S. Consulate General Lahore to establish the first Lincoln Corner in Lahore so students can get reliable information about the United States.
The other salient features of the MOU includes the development of business-focused cultural exchange projects between the creative industry sub-sectors of both cities.
It also includes brokering international relationships between individuals and organizations within the areas of; innovative high-technology, advanced manufacturing, creative industries, professional services, as well as other industry sectors identified for economic development.
The various initiatives by PITB like e-rozgaar, Punjab Wi-Fi etc. are complementing a new ray of youth development and the MOU is set on the same path of providing extra opportunities in Lahore to complement this growth.