Business Incubation Center – PAFIAST

Welcome to the BIC at PAF-IAST: Empowering Entrepreneurs for Tomorrow!

Established in 2023 with the support of the Higher Education Commission (HEC), Pakistan, the Business Incubation Center (BIC) at PAF-IAST is dedicated to fostering entrepreneurship in the region. Our mission is to provide aspiring entrepreneurs with the essential tools and resources needed to elevate their business ventures and contribute to the economic prosperity of the community.


At BIC, PAF-IAST, we have developed a robust infrastructure to nurture and guide emerging entrepreneurs on their journey to success. Our primary goal is to promote sustainable business ventures with significant financial potential. The startups incubated within our center benefit from a range of services and resources geared towards their holistic business development.

Services and Resources

  • Customized Consultancy ServicesOur active program offers tailored consultancy services to address the unique needs of each startup.
  • Well-Educated WorkforceAccess to a pool of talented individuals, fostering an environment conducive to innovation and growth.
  • Financial and Marketing AssistanceWe offer support in securing financial resources and developing effective marketing strategies to propel your business forward.
  • Technological ExpertiseBenefit from specialized technological guidance to stay ahead in the ever-evolving business landscape.


  • Promoting Self-Employment/Entrepreneurship among YouthWe are committed to inspiring and empowering the youth to become self-reliant entrepreneurs.
  • Improving Efficiency of Startup Companies and Young EntrepreneursThrough targeted programs and support, we aim to enhance the efficiency and productivity of startup ventures.
  • Business Development in Finance, Marketing, and ManagementOur focus extends beyond ideation to comprehensive business development, covering key areas such as finance, marketing, and management.
  • Assisting Startups in Network DevelopmentWe facilitate the creation of valuable networks, connecting startups with industry leaders and potential collaborators.

Join us at the Business Incubation Center

Join us at the Business Incubation Center at PAF-IAST and embark on a transformative journey towards entrepreneurial success. Together, let’s create new technologies, generate employment opportunities, and build a thriving entrepreneurial ecosystem in the region. Your success is our success!

Major Achievements of BIC


Asia Foundation

Ms. Areeba Syed and Ms. Hamna Shoukat, Co-founders of EcoBuck and ECure, signed an agreement with The Asia Foundation after winning a $2000 seed grant each in the Net Zero Challenge to combat climate change.

PKR 0.5 million

PM National Innovation Award

Umer Ali Jaan, Co-Founder of AKWA-CYCL, secured the Runner-up position with a PKR 0.5 million prize in the Prime Minister National Innovation Award.

PKR 1 million

PM National Innovation Award

Ms. Areeba Syed, Co-Founder of EcoBuck, emerged as the Winner of the Prime Minister National Innovation Award, receiving a PKR 1 million prize.

won by EcoBuck

EcoBuck triumphed in CHEMATON 2.0 organized by the American Institute of Chemical Engineers at Comsats University Lahore.

won by Edversity's

Microsoft Imagine Cup Winner

Representatives from Startup Edversity—Saad Siddiqui, Syed Habib Shah, and Qummer Ali Shah—achieved victory in the Microsoft Imagine Cup powered by HEC.

won by Edversity

EdTech startup award winner

Edversity was honored with the top EdTech startup award in Pakistan by President H.E. Dr. Arif Alvi.

Exciting News

Join the 2nd Cohort at Pak-Austria Fachhochschule Business Incubation Centre!

Are you an aspiring entrepreneur with a game-changing idea? Ready to turn your dreams into reality? Look no further! PAF-IAST’s Business Incubation Centre is thrilled to announce the call for applications for our inaugural cohort.

State-of-the-Art Infrastructure

Our incubation center provides cutting-edge facilities and a conducive environment for innovation and growth

Six Months Incubation Period

Immerse yourself in a dedicated six-month program designed to nurture and accelerate your startup

Expert Mentorship and Funding Support

Benefit from the wisdom of experienced mentors and access funding opportunities to fuel your entrepreneurial journey

Industrial and Corporate Linkage

Forge valuable connections with industry leaders and corporate partners to boost your startup’s success.

Proximity to Key Industrial Areas

Strategically located near Islamabad/Rawalpindi, Abbottabad, Peshawar, and Hattar Industrial Area, providing you with unparalleled access to potential markets.

HEC Recognized Business Incubation Centre

HEC recognized BIC give you direct access to financial awards and grants from the HEC, enhancing your resources for innovative ventures

Application Deadline

30th April, 2024

Don’t miss out on this incredible opportunity to kickstart your entrepreneurial journey. Apply today and be part of the future of innovation!


BIC joins hands with PMNIA

BIC joins hands with PMNIA

Elevator pitch session

Elevator pitch session

BIC Official Visit

BIC Official Visit


  • Dr Bilal Mirza
  • Dr. Abdul Mateen
  • Dr Moazzam Maqsood
  • Mr. Shahram Yusuf Khan
  • Mr. Shoaib Ahmed
  • Mr. Wajid Shah


  • Dr. Taimur Ahmed
  • Dr. Aftab Akram
  • Ms. Sheeba Sadaf
  • Dr. Muhammad Zubair

Join us

Are you an aspiring entrepreneur with a game-changing idea? Ready to turn your dreams into reality? Look no further! PAF-IAST’s Business Incubation Centre is thrilled to announce the call for applications for our inaugural cohort

Get in Touch

Contact details for inquiries and collaboration

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