Tuesday, December 5, 2023

15 start-ups win HEC grants of $35000 each - Pakistan Observer

Last updated Thursday, November 24, 2022 15:05 ET

Fifteen start-ups have won grants of up to $35,000 each in the Pitching Competition organised by the Higher Education Commission (HEC) under the Innovator Seed Fund (ISF). As many as 26 entrepreneurial teams, shortlisted out of 186 applicants, participated in the competition.
The grant winning start-ups include ezGeyser, mimAR Studios, Funkshan Tech (Pvt) Ltd and truID Technologies (Pvt) Ltd from National University of Sciences and Technology (NUST); Savvy Engineers (Pvt) Ltd and Arm Rehab Technologies from International Islamic University Islamabad (IIUI); Averos Life Sciences from Institute of Management Sciences, Peshawar; Wonder Women from University of the Punjab; Orko (Pvt) Ltd, Boltay Huroof and Porter Pakistan from NED University of Engineering and Technology (UET) Karachi; VisionRD and Oxbridge Innovative Solutions (Pvt) Ltd from Bahria University Islamabad; 110 Innovate from IBA Sukkur; and Shahruh Technologies (Pvt) Ltd from UET Lahore. Chairman HEC Dr. Mukhtar Ahmed graced the award distribution ceremony as chief guest alongside Country Director WB (Pakistan) Gailius J. Draugelis, Executive Director HEC Dr. Shaista Sohail, Vice Chancellors, members of corporate bodies, jury members, and other notables. In his remarks, Chairman Dr. Mukhtar Ahmed said Pakistan’s start-ups saw a record-breaking year of fund-raising in 2021 with over $350 million in funding.
He noted that with collective and persistent efforts, this fledgling ecosystem could flourish further and...

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