Pakistan allocates Rs352.5 million for SPARK and ELEVATE technology programs

Pakistan has earmarked Rs352.5 million to support two technology innovation initiatives, SPARK and ELEVATE, for the 2026 to 2027 fiscal year. The Research and Development Fund will provide this capital, which sits outside the federal budget.
Individual projects under the SPARK initiative are eligible for grants reaching Rs100 million. ELEVATE offers a higher funding ceiling of up to Rs200 million per project.
Each of the two programmes is capable of awarding up to 30 grants every year. Projects selected for these initiatives may have an implementation timeframe of 18 months.
The Pakistan Venture Fund currently maintains a funding size of $20 million.




















































