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National Incubation Center Karachi Startups Provide Over 98,000 Job Opportunities Across Pakistan

Karachi. Date: August 05, 2023

Federal Minister for Information Technology and Telecommunication, Syed Amin Ul Haque, praised the achievements of startups associated with the National Incubation Center (NIC) Karachi, which operates under the Ignite Technology Fund of the Ministry of IT. He announced that these startups have collectively generated more than 98,000 job opportunities across the country. Over the past five years, the NIC Karachi has successfully mentored and funded 299 modern businesses, empowering innovative entrepreneurs and shaping Pakistan’s startup ecosystem.

Addressing the graduating startups at the graduation ceremony held at NED University of Engineering and Technology, Federal Minister Syed Amin Ul Haque commended the dedication and resilience of Pakistani entrepreneurs. He emphasized the significance of NIC Karachi’s role in driving economic growth, creating job opportunities, and putting Pakistan on the global map.

NIC Karachi has emerged as a driving force in Pakistan’s entrepreneurship scene, offering mentorship, training, and access to funding for startups. The achievements of NIC Karachi’s startups include raising an impressive Rs. 7.9 billion in investments and incubating 299 successful ventures.

The Vice Chancellor of NED University, Dr. Sarosh Lodhi, acknowledged the efforts of Federal IT Minister Syed Amin Ul Haque, emphasizing his forward-thinking approach in shaping Pakistan’s information and communication technology landscape.

Asim Shahryar Husain, CEO of Ignite, expressed delight at the graduation of twenty startups from NIC Karachi. He encouraged NICs to conduct investor education workshops to boost local and foreign investments in Pakistani startups.

Faizan Laghari, Project Director of NIC Karachi, highlighted the significance of the graduation ceremony, emphasizing NIC Karachi’s commitment to empowering and uplifting innovative entrepreneurs across Pakistan.

The graduation ceremony celebrated the achievements of 20 startups from Cohorts 8 and 9. NIC Karachi, Pakistan’s largest tech incubator, funded by Ignite (MOITT) and operated by LMKT, remains dedicated to fostering innovation and contributing to Pakistan’s socio-economic development.

The ceremony was attended by dignitaries, including Member IT Syed Junaid Imam and Chief Executive Pakistan Software Export Board, Ali Raza, along with representatives from the ICT industries. The startups’ graduation signifies a new chapter in their entrepreneurial journey, ready to make a significant impact in Pakistan’s dynamic startup ecosystem.

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