D-8, also known as Developing-8, is an organization for development cooperation among the following countries: Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey.
The establishment of D-8 was announced officially through the Istanbul Declaration of Summit of Heads of State/Government on June 15, 1997.
The objectives of the D-8 Organization for Economic Cooperation are to improve member states’ position in the global economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at an international level, and improve standards of living.
D-8 is a global arrangement rather than a regional one, as the composition of its members reflects. Organization for Economic Cooperation (D-8) is a forum with no adverse impact on bilateral and multilateral commitments of the member countries, emanating from their membership to other international or regional organizations.
D-8 Technology Transfer and Exchange Network is an informative and transaction-enabled network to be set up among the Eight Developing Muslim Countries. It will fulfill Technology market functions, pursue such missions as capacity building and information dissemination on technological capabilities, achievements, and needs of the D-8 Member Countries organize technology transactions and create coordination and synergism among Member Countries. Various instruments are enacted to boost the technology-Business atmosphere from which are databank of requests and offers, support to participate in exhibitions, workshops, Business meetings, creating investment and technology transfer and hi-tech products exchange opportunities, etc.
. Offers and Requests platform
TTEN is targeted at assisting technologists in member countries to show their capabilities to the ones in need of technology. As it was stated, an online web portal has been designed to show offers and requests and collect a comprehensive database. Besides, BizTech events (Business-Technology Meetings) have been also designed in which fulfillment of technology needs in the host country has been aimed.
One of the developing tools for technology owners and companies’ directors is to know how to step in the technology world as a receiver or provider, behave as a professional and manage the opportunities and risks. This is not achievable unless once well is trained and clarified and subsequently experienced during the life of the company.
Venture capital firm Gobi Partners has partnered with Fatima Ventures, the investment arm of Pakistan-based Fatima Group, to launch a US$20 million fund to back early stage tech companies in Pakistan.