Kathmandu: President Ramchandra Paudel on Wednesday inaugurated the Nepal Technology Innovation Center (NTIC), which was established with grant assistance from the Republic of Korea government through the Korea International Cooperation Agency (KOICA).
The government of Korea, through Korea International Cooperation Agency (KOICA), provided grant assistance worth USD 10 million for the project “Integrated Rural Development of Nepal through Strengthening Research and Development Capacity of Kathmandu University”.
The main objective of this project is to strengthen the 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, according to KOICA.
KOICA established the Nepal Technology Innovation Center (NTIC) at KU along with provision of high end scientific equipment to develop business models with appropriate technology for rural and isolated regions. The outcomes of the research and innovation taking place in NTIC is targeted to improve the living standard of rural people by use of affordable tools and technologies created through the Research and Development.
In the ceremony, President Paudel highlighted the importance of technology enhancement in Nepal. “The NTIC will be positioned as an excellent platform to facilitate research innovation, start-ups and incubation for the innovators in Nepal and contributing to the overall education of Nepal,” he said, thanking the government of the Republic of Korea and people of Korea for people to people relations between the two countries.
Similarly, Park Tae-Young expressed his appreciation towards the Nepal government and the Korean government for years of prosperous relationship.
Similarly, Country Director of KOICA Mooheon Kong expressed that the NTIC is one of the highly equipped labs in Nepal. “Once NTIC becomes fully functional it will be one of the best and most important research platforms in Nepal. Then the usages and benefits sharing shall be not only limited to national level but it shall also contribute at international level.”
The government of the Republic of Korea through KOICA has been working in the sector of Education, Health, Agriculture, and ICT since 1991.