Rs352.5m R&D Fund backing SPARK, ELEVATE for FY 2026-27
The Ministry of IT and Telecommunication told the National Assembly the money will come from the Research and Development Fund, not the federal budget or PSDP.
Pakistan has allocated Rs352.5 million for SPARK and ELEVATE in fiscal year 2026–27.
The Ministry of Information Technology and Telecommunication said the money comes from the Research and Development Fund, not the federal budget or PSDP.
SPARK can fund individual projects with up to Rs100 million; ELEVATE offers up to Rs200 million per project.
Each programme may award up to 30 grants a year, with an expected 18-month implementation period.
The allocation is separate from the Pakistan Venture Fund, sized at $20 million.