The University of Punjab is the largest and the oldest seat of higher learning in Pakistan. It was the first University to be established in the sub-continent in a Muslim majority area. The University of Punjab takes pride in its unwavering commitment to initiatives that promote research and innovation in order to have a beneficial, long term, and significant influence on the society as well as the globe. The fundamental objective should be to apply research to improve products and quality of life. But conducting research is not something that is done in a vacuum. Nowadays, research demands a team effort as well as cooperation between academic institutions and industry. Here, ORIC is essential in bringing research teams together, publicizing breakthroughs, and bridging the gap between academia and industry. A culture of research and critical thinking is being promoted by the university's research active and dynamic faculty and is creating an innovation environment. By increasing the amount of extramural grants awarded to researchers, carrying out activities to build their capacity, enacting policies to improve the quantity and quality of research output from Punjab University. We hope to establish a supporting infrastructure through ORIC that accelerates the pace towards expanding the horizons of science, technology, and innovation, meanwhile generating support for the commercialization of this research.