“In order to enhancement importance of technology in Nepal, the Nepal Technology Innovation Center will be positioned as an excellent platform to facilitate research innovation, start-ups and incubation for the innovators in Nepal and contributing the overall education of Nepal,” said President Ramchandra Paudel while inaugurating the Nepal Technology Innovation Center (NTIC) building amidst a function organized on Wednesday.
The Centre was established with grant assistance from the Government of the Republic of Korea with a grant assistance of US $10 million.
The outcomes of the research and innovation taking place in Nepal Technology Innovation Center (NTIC) at KU is targeted to improve the living standard of rural people by use of affordable tools and technologies created through the Research and Development.
On the occasion the President also thanked the Government of the Republic of Korea for the continued assistance being provided for the development activities in Nepal.
The project to set up “Integrated Rural Development of Nepal through Strengthening Research and Development Capacity of Kathmandu University” was signed on early February of 2018 aiming to strengthen research and development capacity of Nepal and jointly work for improving quality of life and income status of people in rural communities in Nepal through technology innovation.
Speaking at the function, the Ambassador of the Republic of Korea to Nepal Park Tae-Young said that “As Nepal is targeting to increase domestic production and expand areas to create domestic job opportunities this NTIC can play an important role in innovation and job creation.”
He also expressed satisfaction over the tightening friendly relationships between Korea and Nepal.
Country Director of KOICA Nepal Office, Mooheon Kong said that “As NTIC is one of the highly equipped labs in Nepal, its full operation will be one of the best and most important research platforms that could be used and benefited internationally.
The Republic of Korea through KOICA has been contributing to various countries’ development activities since 1991.