INTRODUCTION
STEDEC Technology Commercialization Corporation of Pakistan (Private) Limited was established in 1987 under the Companies Ordinance 1984. STEDEC is commercial marketing organization under the administrative control of Ministry of Science and Technology. The primary objective is to commercialize indigenously researched products, processes and technologies and to assist all Public Sector R&D Institution in their commercialization efforts. STEDEC generates revenues through its commercial activities and no development or non-development budgetary allocations are made to STEDEC in the Federal Government budget.
MAIN OBJECTIVES:
• To function as National Technology Commercialization Organization.
• To assist public sector R&D organizations in developing market-driven research programs.
• To assist the Ministry of Science and Technology in the management of projects.
• To reduce dependence on foreign technologies and enhance import substitution.
• To adapt and adopt foreign technologies for enhancing industrial development.
STEDEC BOARD OF DIRECTORS:
1. Secretary MoST, Islamabad Chairman
2. Chairman PCSIR, Islamabad Member
3. DG PCSIR, Lahore Member
4. Member (Social Sciences), PARC, Islamabad Member
5. CEO Punjab Industrial Estate, Lahore Member
6. CEO SMEDA, Lahore Member
7. CEO TUSDEC, Lahore Member
8. President LCCI, Lahore Member
9. CEO Sitara Chemicals, Faisalabad Member
10. MD STEDEC Member/Secretary