PESHAWAR: To empower women and make the economically independent by expanding their businesses, the Khyber Pakhtunkhwa (KP) Science and Technology has setup Seed Funds under the initiative of Digital Jobs in KP.
The purpose of the initiative is to support women in the digital economy, said Provincial Minister for Science, Tech and Information Technology Atif Khan on Wednesday.
He added that the department has launched a seed fund to empower and bring women towards digital economy in the province.
The minister said that this initiative would help in making women economically independent. In the future, the Department of Science and Technology will launch new schemes to attract women towards entrepreneurship in the province, he informed.
These seed funds will provide financial support ranging from $5,000 to $15,000 to expand “female lead startups” in KP. The officials said that the initiative would to earn from their digital startups.
According to “Digital Jobs in KP”, the seed funds will be outsourced to a specialist fund management firm. The firm will provide funds to women startup by scrutinizing the applications for the fund from different angles.
Initially, through a competitive process, 30 women-led start-ups will be provided seed funds according to their business nature and proposals while technical support would also be provided with the help of specific firms to expand start-ups and make them earn more profits.
Read Full Story: https://profit.pakistantoday.com.pk/2021/10/06/kp-govt-announces-financial-support-for-women-in-digital-economy/
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