University of Management and Technology (UMT) being an academic centre of excellence with focus on research, innovation and entrepreneurship has established “A Think Tank” under the caption of “Innovation Capital Development Forum (ICDF)”; whereby, opportunity is created for all the stakeholders including government, industry, academia, and students as they will be working together in generating research of consequence leading to identification and closing of the gaps identified in industry and also academia.
The outcomes of ICDF initiative can eventually be applied in industry to facilitate and propose best management practices, to make them more competitive and create solutions for driving business sophistication resulting in higher profitability on most sustainable lines.
Additionally, ICDF is expected to create talented career-ready graduates with flavor and drive for innovation. This is further necessitated by the sub-optimal performance of Pakistan in the world ranking on Global Competitiveness Index (GCI).