The objective was to provide an annual event and arrange three main stakeholders of Innovation; Academia, corporate sector and public sector, where academia can sell technologies, industries can buy and other stakeholders like Govt. can facilitate the process. It provides an opportunity to showcase the indigenous research which is going on in academia, R&D institutes, industry and public sector organization. The idea was presented to Prof. Dr. Manzoor H Soomor, Chairman Pakistan Science Foundation (at that time) and Prof. Dr. Mujahid Kamran Vice Chancellor University of the Punjab in a joint meeting. Both dignities offered their support to turn this dream into reality. Prof. Dr. Amir Ijaz Director ORIC was requested to host this firs summit as pilot project. Mr. Abrar Ahmed CEO, Shafi Reso Chem offered financial support for mobilization and University of Management and Technology provided incubation facility including operational team, working support, logistics, funds and arrangement of annual dinner.