NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, has announced a contract signing with the National Incubation Center for Aerospace Technologies (NICAT). NICAT is a project funded by Ignite with the support of the Aviation City Pakistan Private Limited (ACPPL) to initiate, build and run a startup incubator focused on aerospace and high-tech startups across Pakistan.
NETSOL’s incubation centre, NSPIRE, provides a state-of-the-art platform and space for budding entrepreneurs to establish their start-up businesses in Pakistan. Following this contract, each year NETSOL will incubate startups and assist them in scaling their businesses with the support of Ignite and ACPPL. The total contract value for the agreement signed is PKR 968 million.
NICAT is located at the National Aerospace Science and Technology Park (NASTP), situated at Old Chaklala Airport in Rawalpindi, Pakistan. NASTP is an integral project of Aviation City Pakistan, being developed as Pakistan's first aerospace cluster and smart city around PAC Kamra and PAF Base Minhas.
