To further strengthen the efforts to commercialize research and innovation, IST in collaboration with the Higher Education Commission has established Business Incubation Center (BIC) to develop and polish entrepreneurial skills among its graduating students to start their own business by commercialization of their innovative ideas. The management of IST has envisioned the BIC IST as one of the Business Development Services (BDS) provided to serve the local eco-system. Companies graduated from the incubator would have the potential to create jobs, revitalize neighborhoods, commercialize new technologies, and strengthen local and national economies.

ActInSpace 2018
Institute of Space Technology is going to organize an international event titled ActInSpace 2018 on 25-26 May 2018 as the national organizer. This event is being organized first time in Pakistan. Winner of the contest from Pakistan will participate in the international final to be held in France and will contest for a Grand Prize (Zero Gravity Flight) besides other prizes.  
ActInSpace is an international innovation contest initiated by the French Space Agency (CNES) uniting over 70 cities across 5 continents. ActInSpace is supported by ESA (European Space Agency) and the ESA Business Incubation Centres network. The CNES and ESA have mandated ESA BIC France, led by Aerospace Valley, for the operational execution of the 3rd edition of ActInSpace. The purpose of this contest is to promote the use of space technologies for citizens and our planet focusing on the challenges of Space. More than 3,000 candidates are expected to participate in ActInSpace 2018 in more than 70 cities around the world.
The objectives of the event are:
  1. Develop an Entrepreneurial Spirit in young people 
  2. Space drive innovation for the economic development and employment generation
  3. Creates a dynamic image of Space
  4. Adoption and reuse of space technologies and data 
Following documents are attached for information and reference please.:
  1. Brochure of ActInSpace
  2. Information kit on ActInSpace 2018
  3. Guide for Candidates.
Competition is open to students, researchers, space experts, entrepreneurs, business creators, associations, companies, developers and designers.

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