STEDEC Technology Commercialization Corporation of Pakistan (Private) Limited was established in 1987 under the Companies Ordinance 1984. The primary objective is to facilitate commercialization of indigenously researched products, processes and technologies and to assist all Public Sector R&D Institutions in their commercialization efforts. STEDEC generates revenues through its commercial activities and no development or non-development budgetary allocation is made to STEDEC in the Federal Government budget.
STEDEC employment is governed by HR Policy Manual approved by the Board.
Establishing STEDEC as the national organization for commercializing market driven indigenous research, providing a platform for Academia R&D-industry collaboration, providing market insights to R&D organizations, and adapting appropriate foreign technologies for supporting key economic sectors of the country in partnership with indigenous R&D organizations; while ensuring its commercial viability.