The recent convening organized by the Millennium Institute of Technology and Entrepreneurship (MiTE) has brought attention to the escalating necessity of cultivating entrepreneurship, innovation, and design. The event, which took place on Friday, sought to establish a robust foundation for entrepreneurial endeavors, while also forging crucial connections with key stakeholders in Karachi.
Faisal Mushtaq, the president of MiTE, underscored the institute’s unwavering dedication to educational advancement spanning more than 36 years throughout Pakistan. Emphasizing his family’s enduring legacy in educational initiatives, he underscored the significance of nurturing a vision for a university that fosters social and economic development.
When reflecting on the inception of MiTE, Mushtaq deliberated on the challenges associated with selecting a location. However, given his familial ties to Umerkot in Sindh, Karachi emerged as the natural choice for launching the institute. He expounded upon the transformative influence of universities in shaping a knowledge-driven society and economy.
At the heart of the institute’s ethos lies the belief that universities play a pivotal role in addressing communal challenges and propelling societal change. By nurturing knowledge, innovation, and critical thinking, universities can pave the way for a sustainable future.
Dr. Huma Baqai’s instrumental dedication to the institute and her astute leadership was highlighted by Mushtaq as a driving force behind the institute’s progress. Basir Shamsie, Chief Executive Officer of JS Bank, echoed these sentiments, underscoring the impact of inclusive industry-academia partnerships. Drawing from the legacy of Abdul Sattar Edhi, Shamsie emphasized the unyielding importance of education in shaping a brighter future.
Shamsie also touched upon the institute’s commitment to nurturing entrepreneurship, citing their collaboration with several startups and the UNDP’s dedicated program on environmental sustainable development goals.
The expansion of academic pathways and the integration of industry requirements were also discussed. Shamsie urged industry leaders to invest in the development of young entrepreneurs and to bridge the connection between universities and emerging talents.
Pakistani entrepreneur and philanthropist Amin Hashwani provided another thought-provoking insight, underscoring the need for collective efforts to establish centres of educational excellence. Stressing the importance of collaboration between industries, the public sector, civil society, and educational institutions, Hashwani highlighted the transformative power of unified initiatives.
The MiTE event served as not only a platform for dialogue on entrepreneurship and innovation, but also underscored the significant role of educational institutes in shaping the future of our society. As it continues to foster an environment of innovation and knowledge-sharing, MiTE stands as a beacon for transformative educational practices.
In conclusion, the MiTE event brought to the forefront the critical need to embrace entrepreneurial spirit and innovation-led growth for a sustainable future. The institute’s commitment to nurturing an environment that encourages creativity and critical thinking serves as a blueprint for educational institutes across the country.