ISLAMABAD: Federal Minister for Information Technology and Telecommunication, Syed Aminul Haque has said that 272 start-ups have graduated from Ignite’s National Incubation Centre (NIC) with a total investment commitment of Rs8 billion and cumulative revenue of Rs3 billion, these nascent companies have created more than 100,000 new jobs in the last three and a half years.
This he stated while speaking as the chief guest on the occasion of “Accelerator Programme for Women Entrepreneurs” here in Islamabad on Monday.
According to this programme, the nine women entrepreneurs are set to leave for the USA on 10th of May 2022 for eight weeks. The programme was launched by The Indus Entrepreneurs, Islamabad office (TiE Islamabad) in partnership with the US Embassy for Women Entrepreneurs which not only provides growth stage start-ups with necessary tools, coaching and mentoring, but it also provides its women entrepreneurs with access to global investors and venture capitalists. The core programme revolves around networking, mentoring and investor engagements in leading US ecosystems such as San Francisco, Austin, Seattle, Boston, Washington DC, and New York.
The Federal Minister for IT and Telecom further said the MoITT and its Tech Innovation Arm Ignite had recently-launched Pakistan’s First National Investment Platform called PakImpactinvest. He said Covid-19 was a catalyst for the start-up landscape in Pakistan, which saw investments rise from $65 million in 2020 to $350...
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