Pakistan: Startups Incubated at Karachi's NED University Got the Highest Funding in 2022
Karachi-based start-ups raised $236.7 million in 2022, accounting for two-thirds of Pakistan's total startup funding and almost double the previous year, according to Data Darbar. Karachi, Pakistan's largest city, is followed by Lahore with $69.2 million and Islamabad with $41.6 million. Nationally, the total funds raised by startups have been declining after hitting the peak of $173 million in Q1/2022.
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| City-wise Startup Funding of Pakistani Startups. Source: Data Darbar via FDI Intelligence |
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| Startup Funding Trend in Pakistan. Source: Data Darbar via FDI Intelligence |
Across Pakistan, the total funds raised by startups have been declining since hitting the peak of $173 million in Q1/2022. Start-ups raised just over $15m in Q4/22, the lowest figure since the first quarter of 2020 and 79% lower than the same period a year earlier, according to Data Darbar, which tracks the Pakistani start-up scene. This downward trend is at least partly due to Pakistan's current economic crisis. It also reflects a global decline in VC investments in startups.
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Riaz Haq's Youtube Channel
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https://www.datacentermap.com/datacenters.html
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Rest of the list has less than 4 data centers each
https://www.reuters.com/markets/asia/pakistani-fintech-startup-trukkr-raises-64-mln-gets-lending-licence-2023-03-07/
KARACHI, Pakistan, March 7 (Reuters) - Trukkr, a fintech platform for Pakistan’s trucking industry, said on Tuesday it had raised $6.4 million in a funding round and also received a non-banking financial company (NBFC) licence.
Trukkr offers Pakistan’s small- and medium-sized trucking companies a transport management system and supply chain solutions, and is unique in providing fintech to digitise the largely unbanked and undocumented industry.
The seed funding round was led by U.S. based Accion Venture Lab and London based Sturgeon Capital. Haitou Global, Al Zayani Venture Capital and investor Peter Findley also participated in the round, Trukkr said in a statement.
The company's business model is similar to Kargo in Indonesia, Solvento in Mexico and Kobo 360 in Africa, but has been adapted to the market in Pakistan.
Trukkr said less than 5% of trucking companies using its platform have access to financial services, often having to wait up to 90 days for payments and leaving them unable to cover expenses such as fuel, tolls and truck maintenance.
Sheryar Bawany, Trukkr CEO and co-founder, told Reuters that it was looking to launch financial products at a "reasonable risk adjusted spread" to the benchmark Karachi Interbank Offered Rate (KIBOR).
Co-founder Mishal Adamjee said there are some 20,000 drivers on Trukkr's platform, servicing 100 of the biggest companies in the country including Shan Foods, Artistic Milliners, International Industries Limited and Lucky Cement.
Adamjee told Reuters that Pakistan's $35 billion a year trucking industry is growing at 10% annually despite limited rail and water freight infrastructure.
Investor Accion Venture Lab said the Covid pandemic had shown how much the world relied on global supply chains.
"We want to bet on a company striving to tackle inefficiencies in a market filled with opportunities," it said in the statement.
According to Pakistan’s Board of Investment, projected demand for freight transport will double by 2025 and increase six-fold by 2050 to 600 billion freight tonnes-kilometre, particularly as the China Pakistan Economic Corridor kicks in.
Other freight marketplace startups in Pakistan include Truck It In, BridgeLinx and Freightix.
https://www.businesstoday.in/silicon-valley-bank/story/svb-collapse-indian-startups-should-resist-pressure-from-large-investors-to-domicile-outside-says-mohandas-pai-373082-2023-03-12
He advised founders of India-centric startups "to be careful" and "not get carried away" by investors who force companies they fund, to domicile in the US and open bank accounts there as well, according to a PTI report.
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Union IT minister to meet Indian startups amid concerns over ..
Read more at:
http://timesofindia.indiatimes.com/articleshow/98586043.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
On Friday, US regulators pulled the plug on SVB - a key lender to US startups since the 1980s - after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own.
SVB has exposure to over 20 startups in India and began investing here in 2003.
According to startup research advisory Tracxn, SVB has invested in several Indian firms, including Paytm, Carwale, Bluestone, Shaadi and Sarva. In October last year, SVB had invested $150 million in contract intelligence company Icertis.
Following the collapse, startup founders and investors in Mumbai exchanged rumors about which fledgling company might be the first to fall, Bloomberg reported.
India has one of the world's biggest startup markets, with many clocking multi-billion-dollar valuations in recent years and getting the backing of foreign investors who have made bold bets on digital and other tech businesses.
SVB's failure, the biggest in the US since the 2008 financial crisis, has roiled global markets, hit banking stocks and is now unsettling Indian entrepreneurs.
Two partners at an Indian venture capital fund and one lender to Indian start-ups told Reuters that they are running checks with portfolio companies on any SVB exposure and if so, whether it is a significant part of their total bank balance.
An Indian founder told Bloomberg News he failed to retrieve company funds and is now left only with working capital. Another was scurrying to stop and reroute customer payments into his company’s SVB account, while also setting up new arrangements for salary payments. Three founders and a startup investor said they hadn’t slept in 48 hours.
https://finance.yahoo.com/news/internet-startup-maqsad-scores-pakistan-070000407.html
European seed investor Speedinvest leads round by Karachi firm
Company bets on rising demand for after-school tutoring
Pakistan’s Maqsad raised the nation’s largest funding round by an education technology provider, showing that some startups in the nascent market are attracting investors despite a global venture financing slump.
The Karachi-based company raised $2.8 million in an oversubscribed seed round led by Speedinvest GmbH, one of Europe’s largest seed investors, and existing backer Indus Valley Capital, according to co-founder Rooshan Aziz. Stellar Capital, Alter Global and angel investors also participated.
Pakistan’s venture funding was little changed at about $350 million last year, but startups including AdalFi and Truckrr have raised sizable rounds for the market this year. The nation has the world’s fifth-largest population with a high proportion of young people.
“The ecosystem is going through a bit of a shake, but the companies which you know are solving fundamental basic problems, they’ll survive,” Aziz said in an interview. Maqsad’s operations are relatively lean and scalable and its education content always remains relevant, Aziz said.
Education spending in Pakistan is estimated at $37 billion by 2032 with a quarter of this going to after-school academic support, the target market for Maqsad, according to the startup. The mobile-only service targets students on grades nine to twelve and offers cheaper rates than brick-and-mortar tutoring companies. Its services include a feature that allows students to take a photo of a question and receive an answer instantly.
The app has been downloaded more than a million times and it has answered 4 million queries in the past 6 months. The startup can impact millions of students and become one of the most successful businesses in Pakistan, said Philip Specht, a partner at Speedinvest, which has one edtech unicorn in its portfolio.
The startup was founded by high-school friends Taha Ahmed and Aziz, who went to the London School of Economics and worked in the city before returning to Karachi to start the venture. The startup will start monetization in the coming months and may partner with other public and private institutions, Aziz said.
“This is an interesting time for edtech because globally the hype has kind of settled down after Covid,” said Ahmed. “So only serious companies are being funded in this space.”
https://www.dawn.com/news/1743320
US Ambassador Donald Blome has said that the US is Pakistan’s largest export market, and the US investment is seen coming to Pakistan more and more every year.
He was speaking at the US-Pakistan Innovation Expo in Islamabad that showcased the success stories of US government-sponsored Pakistani startups.
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Senior Adviser for the Asia Foundation Pakistan Haris Qayyum expressed appreciation for the ongoing collaboration with the US embassy and National Incubation Centre to highlight success of Pakistani startups.
He said the US-Pakistan Innovation Expo was an endorsement of Pakistan’s dynamic tech entrepreneurs. It exemplifies Pakistan-US bilateral trade, foreign direct investment and technological innovation.
“The Asia Foundation is committed to collaborative efforts supporting Pakistan’s tech ecosystem, as we continue. The Asia Foundation is honoured to partner on initiatives that value entrepreneurship and innovation. It is our goal to support Pakistan’s sustainable development and inclusive growth,” he said.
The expo featured a speaker session for venture capitalists and angel investors led by an American expert. Business leaders and investors from Pakistan, the Middle East and the United States attended the event and discussed opportunities and challenges in the Pakistani startup ecosystem.
Project Director at the National Incubation Centre Parvez Abbasi said he was thrilled to see the US-Pakistan Innovation Expo come to fruition.
He said the event was a demonstration of the power of collaboration between the two nations and the endless possibilities “that arise when we combine our talents and resources”.
The delegates at the expo showed great enthusiasm for the event and expressed confidence that it would encourage further investment opportunities and potential trade partnerships between the US and Pakistan.
This is not supported by anything from Google.
The only report that comes even remotely close is "2022 Solution Challenge winners"
https://developers.google.com/community/gdsc-solution-challenge/winners
There are no teams from South Asia in top 3.
It shows that there is one Indian team (GetWage) in top 10.
It also shows two Pakistani teams (dyslexic and Saathi) and 13 Indian teams (Cosapa, Anxily, Pulse, Scrizzel, GetWage, Proctify, DeCarbonUs, Smart Agriot, Feed The Need, ConnectNHelp, vAldya, WildEye) in top 50.
There are no Bangladeshi teams listed among top 3, top 10 or top 50 winners.
This is not supported by anything from Google.
https://cphof.org/contest/gcj
In Google Code Jam 2022, there were no winners from South Asia among top 25.
In Google Code Jam 2021, there were no winners from South Asia among top 25.
In Google Code Jam 2020, there were no winners from South Asia among top 25.
In Google Code Jam 2019, there were no winners from South Asia among top 25.
In Google Code Jam 2019, there were no winners from South Asia among top 25.
In Google Code Jam 2019, there were no winners from South Asia among top 25.
In Google Code Jam 2018, there were no winners from South Asia among top 25.
https://codeforces.com/ratings/countries
Country Ratings:
Rank Country Member Count Rating
1 China China 4556 (21275) 3463 (3510)
2 United States United States 569 (2716) 3274 (3317)
3 Japan Japan 415 (2478) 3215 (3269)
20 Indonesia Indonesia 226 (1233) 2522 (2608)
21 Romania Romania 237 (1361) 2521 (2622)
22 India India 15342 (54396) 2512 (2647)
22 Serbia Serbia 82 (394) 2512 (2657)
30 Brazil Brazil 339 (1823) 2385 (2527)
31 Argentina Argentina 81 (322) 2366 (2507)
32 Georgia Georgia 137 (625) 2337 (2402)
33 North Korea North Korea 18 (117) 2335 (2624)
34 Bangladesh Bangladesh 4807 (12386) 2328 (2387)
78 Slovenia Slovenia 10 (65) 1761 (2194)
79 Vatican Vatican 9 (28) 1749 (2126)
80 Pakistan Pakistan 116 (236) 1737 (1838)
81 Saudi Arabia Saudi Arabia 73 (211) 1729 (2020)
82 Iceland Iceland 13 (43) 1709 (2103)
83 Turkmenistan Turkmenistan 38 (166) 1700 (2126)
84 Belgium Belgium 15 (101) 1644 (2227)
https://pakobserver.net/daftarkhwan-partners-with-paf-to-launch-daftarkhwan-alpha/
Daftarkhwan is launching its newest coworking space- Alpha, in the National Aerospace Science and Technology Park (NASTP), in partnership with Aviation City Pakistan, a project spearheaded by the Pakistan Air Force.
Alpha opened its doors this December, 2022- Situated in the Old Islamabad International Airport, Alpha provides a unique chance for enterprising tech companies to engage with the innovation ecosystem focused on Aerospace, IT and Cyber Tech domains.
Adjacent to Alpha, NASTP also boasts Pakistan’s very first National Incubation Centre with an aerospace vertical and a specialized focus on deep tech, funded by Ignite, a subsidiary of the Ministry of Information Technology. Daftarkhwan Alpha has a 450+ member capacity and brings you Daftarkhwan’s signature design and vibrant workspaces including amenities such as military-grade security, secure parking, a 10,000 sq. ft. cafe and a podcast room. Furthermore an on-site daycare facility, banking centers, ATMs and one-window legal and regulatory support facilities are planned to launch this January.
https://www.bloomberg.com/news/articles/2023-05-12/pakistan-s-abhi-issues-first-sukuk-bond-for-a-fintech-in-region#xj4y7vzkg
Pakistan’s financial platform Abhi has raised the first-ever Sukuk bond for a fintech firm in the region, opening a new funding line for startups that have seen a slowdown in venture capital.
The Karachi-based startup raised 2 billion rupees ($6.8 million), an industry first for the Middle East, Africa and Pakistan region, said Omair Ansari, chief executive officer and co-founder. Demand exceeded expectations with subscriptions reaching twice the anticipated amount, he said in an interview.
https://www.globalvillagespace.com/google-and-pakistan-collaborate-to-drive-it-education-45000-scholarships-announced/
Pakistan’s Federal Minister for Information Technology and Telecommunication, Syed Aminul Haq, announced a groundbreaking agreement with Google during the Startups for Industries and IT Exports conference held at the Korangi Association of Trade and Industry (KATI). The agreement entails 45,000 scholarships to be provided by Google, with the aim of increasing the number to 450,000 in the following year. Notably, at least 40 percent of these scholarships will be reserved for women. This initiative marks a significant step forward in promoting IT education and fostering the growth of Pakistan’s digital industry.
Expanding Educational Opportunities
The collaboration between Pakistan and Google sets out to address the pressing need for skilled IT professionals in the country. The allocation of 45,000 scholarships signifies a remarkable increase from the previous year’s 15,000 scholarships. By targeting women, the government aims to bridge the gender gap in the tech industry, empowering more female individuals to pursue careers in IT. This initiative recognizes the importance of diversity and inclusion in driving innovation and technological advancements.
Empowering the IT Industry
Minister Aminul Haq emphasised the government’s commitment to the growth of the IT sector by announcing the construction of a dedicated building at NED University, with an investment of $1.6 million. The facility will serve as a hub for gaming and animation, nurturing local talent and further propelling the industry forward. These efforts align with the government’s vision of promoting startups, gaming, and animation within the country, leading to increased employment opportunities and economic growth.
Supporting Startups and Innovation
The conference brought together industry experts, entrepreneurs, and policymakers to discuss the importance of startups and innovation in the IT sector. Senator Abdul Haseeb Khan highlighted the crucial role that research and development play in driving industry growth. He also emphasised that startups today no longer require massive investments, thanks to the conducive environment and government support. With the increase in the number of incubation centres from five to eight in just three years, Pakistan is nurturing a vibrant ecosystem for startups to thrive.
Boosting IT Exports
Deputy Patron of KATI, Zubair Chhaya, lauded the efforts of Minister Aminul Haq, acknowledging the significant growth in Pakistan’s IT exports. From a modest $1 billion in exports, the sector has witnessed a remarkable surge to $2.6 billion at the end of the last financial year. This growth places Pakistan on a promising trajectory, showcasing its potential to compete with neighbouring countries. To further bolster the IT industry, Nighat Awan, the Senior Vice President of KATI, called for the abolishment of duties on machinery and IT-related products, fostering an environment conducive to expansion and innovation.
Amir Husain
https://www.forbes.com/sites/amirhusain/2023/03/29/lahores-tech-renaissance-from-astrolabes-to-ai/?sh=1388ed2e12c8
Contributor
Amir Husain is the Founder & CEO of the global AI company, SparkCognition, and the CEO of SkyGrid.
Zaib and I just concluded a fascinating visit to Lahore, Pakistan. We were joined on this trip by Prof. Bruce Porter, former Chairman of UT Austin Computer Science and Chief Science Officer of SparkCognition, along with colleagues from SparkCognition, SkyGrid, and Navigate.
Lahore is an ancient and vibrant city, once one of the largest manufacturing centers of mechanical computers, called Astrolabes. Built by Muhammad Muqim and his family in the 16th century, these computers came hundreds of years before the Jacquard Loom or Charles Babbage’s Analytical Engine. The city is now busily reinventing itself as a modern hub for entrepreneurship and academia. Our journey unveiled numerous innovative startups, cutting-edge research projects, and the thriving connections between the city’s entrepreneurial and educational ecosystems.
Lahore University of Management Sciences (LUMS)
Our first public event was at the Lahore University of Management Sciences (LUMS), a prestigious institution renowned for its research and entrepreneurial spirit. Prof. Porter and I had the opportunity to deliver talks on entrepreneurship and artificial intelligence (AI) to an enthusiastic audience of students and faculty members.
Prof. Porter's talk focused on the three generations of AI, tracing its development from search algorithms to expert systems and the Generative AI explosion. The lecture provided insights into AI's potential to transform industries and our daily lives.
After the talks, we connected with professors and students, learning about their innovative startups and groundbreaking research projects. It was inspiring to see the passion and drive on display at LUMS.
IoT, EVs, and Quantum, Oh My!
We encountered three standout teams pushing the boundaries of technology and innovation. The first was the quantum computing group at LUMS which has developed and indigenously built an experimental quantum information processor. I was told by Dean Anwar of the Syed Babar Ali School of Science and Engineering (SBASSE) that this device has two entangled physical qubits based on single photons from a heralded source. This effort lands LUMS on a short list of global quantum computing research organizations. Applications of quantum computing may eventually revolutionize materials science and much more. It was quite impressive to see a cutting-edge effort like this underway at the school.
Amir Husain
https://www.forbes.com/sites/amirhusain/2023/03/29/lahores-tech-renaissance-from-astrolabes-to-ai/?sh=1388ed2e12c8
Another intriguing venture spun off from LUMS is a startup that develops affordable three-wheel electric vehicles (EVs). As the world increasingly turns to sustainable transport solutions, this company aims to cater to the growing demand for cost-effective EVs in Pakistan and beyond.
The third group is running an agri-tech research initiative that combines AI and the Internet of Things (IoT) to control large-scale agricultural processes autonomously. The project seeks to optimize variables such as fertilizer, water, and pesticide, and monitor plant health, thereby increasing productivity in the farming sector.
Technologies such as these can lift the local economy, increase global collaboration, and scale exports.
Aitchison College
Our next stop was my old alma mater, Aitchison College, a prestigious K-12 school founded in 1885. Boasting one of the world's most beautiful campuses on a sprawling 200 acres of land, the school has evolved from an elite institution to offering full-ride scholarships for applicants from diverse backgrounds.
Michael Thomson, the Principal of Aitchison College, and his lovely wife, Elizabeth, gave us a tour of the school's museum, the impressive chemistry labs, and the nearly complete Artificial Intelligence, Robotics, and Biotech building. This new facility will be a massive asset for Aitchison and the student community, bringing research and entrepreneurship to the high school level.
One of the most inspiring stories we heard was that of a young graduate from the tribal belt along the Afghan border in North Waziristan. Upon meeting this impressive young gentleman, we learned that after receiving a full scholarship at Aitchison, he is now heading to Dartmouth for higher studies – a transformative opportunity for him, his family, and his village.
Entrepreneurs in Lahore
During our trip, we interacted with numerous entrepreneurs who have contributed significantly to Lahore's entrepreneurial ecosystem. Among them was the legendary Syed Babar Ali, founder of LUMS and Chairman of Packages Ltd. Babar Ali is one of the most admired Pakistanis globally. In his long list of laurels is his dedication to environmental conservation and a term as the President of the World Wildlife Foundation (WWF), which he took over from Prince Philip, Duke of Edinburgh, in 1996. His contributions to industry and education are immeasurable. At the young age of 97, he continues to work from his office daily, maintaining a hectic and full schedule. His unwavering dedication and passion are truly inspiring.
We also met Aezaz Hussain, the founder of Systems Ltd., Pakistan's oldest software company. Mr. Hussain has led his company with great poise for over forty years. He has now expanded his enterprise globally through a network of affiliated companies. The Systems Ltd. network encompasses businesses in the UAE, Australia, Saudi Arabia, India, Europe, and the US. With around 10,000 employees, Systems is experiencing rapid growth and solidifying Pakistan's position in the global software industry.
Nabeel Ahmed, the founder of Core9, a new AI services company focused on industrial applications and a SparkCognition partner, took us on a tour of the Sundar Industrial Estate. Here, we learned about the nearly 650 manufacturing companies based in the park, spanning industries such as pharma, textiles, TVs, and chemicals. Meeting one of the newest SparkCognition clients, a multinational chemical manufacturer also located within the Sundar Industrial Estate, was exciting and inspiring.
Amir Husain
https://www.forbes.com/sites/amirhusain/2023/03/29/lahores-tech-renaissance-from-astrolabes-to-ai/?sh=1388ed2e12c8
The Lahore-based team at FiveRivers Technologies has been a tremendous partner for SparkCognition. But FiveRivers also impressed us by showcasing a suite of their domestically built software products gaining traction in international markets. Their SmartWindows application is one such example. The application enhances productivity for power users by supercharging window and state management on PCs. It’s quickly gaining users worldwide.
Later that night, at a wonderful ecosystem dinner organized by Usman Malik of power company, PITCO and Mahmud Hiraj of private equity firm, Baltoro Capital, we met many other members of the innovation ecosystem in Lahore. Usman heads the power plant design arm of PITCO, which traces its origins back to 1938. Mahmud is a founding partner at Baltoro Capital, a leading private equity firm in Pakistan. Mahmud moved back to Lahore after spending 15 years in the finance industry in North America. His fund, Baltoro, is Pakistan-focused and capitalizes on the country’s growing consumer market and rising export competitiveness.
Export is a key area of focus for many Pakistani entrepreneurs, particularly those building high-tech products. One of the guests at the ecosystem dinner was Salem Rehman of EMCO Industries. EMCO is Pakistan's premier manufacturer of high-voltage products for the electric grid. His company has a long history of catering to the domestic and regional markets but has now also started exporting to the United States.
Wrapping up
Our trip to Lahore allowed us to witness firsthand the energy and drive of Lahore’s entrepreneurs. The city is full of innovative startups, research projects, and academies focused on scientific development. This varied and fast-growing ecosystem is a testament to Lahore's immense potential and creativity.
As we continue our work in Austin, build new relationships in Munich, and explore partnerships in Lahore, we hope to contribute to the growth of entrepreneurial communities in all these innovation centers. By fostering connections between these vibrant cities, we can nurture AI and broader S&T collaborations that have the potential to change the world. The unyielding passion of the people we met makes us optimistic about the future of Lahore, of Pakistan, and indeed, of the world.
https://mmnews.tv/lmkt-teams-up-with-insead-to-launch-incubation-program-at-nic-karachi/
KARACHI: LMKT, a leading full-service technology company in Pakistan specializing in tech incubation and IT solutions, has announced its collaboration with researchers from renowned global business school INSEAD to launch the XSeed Incubation Program in collaboration with NIC Karachi, Pakistan’s largest tech incubator.
The XSeed Incubation Program is a 12-month initiative that supports early-stage venture development and fosters the growth of new startups. Drawing on the successful experiences from other global markets, the program adopts rigorous frameworks developed by INSEAD’s experts in entrepreneurship and strategy. The collaboration with industry leaders ensures that the program offers tailored support to Pakistani entrepreneurs, enabling them to thrive in the dynamic business landscape.
NIC Karachi, funded by Ignite and operated by LMKT, is a dedicated incubation center and startup accelerator that has played a pivotal role in empowering innovative entrepreneurs through mentorship, training, and access to funding.
With a remarkable track record of incubating over 299 startups, creating more than 99,000 jobs, and raising Rs. 8.1 Billion in investment, NIC Karachi continues to spearhead Pakistan’s entrepreneurship scene.
Atif R. Khan, CEO LMKT, expressed his enthusiasm about the collaboration, stating: “We are thrilled to partner with researchers from INSEAD to launch the XSeed Incubation Program in collaboration with NIC Karachi.
This initiative reflects our commitment to foster the growth and development of the startup ecosystem in Pakistan. By combining LMKT’s expertise in scalable IT solutions and the global knowledge of INSEAD researchers, we aim to provide aspiring entrepreneurs with a transformative platform to turn their ideas into successful businesses.
Dr. Chiara Spina, Assistant Professor, Entrepreneurship and Family Enterprise at INSEAD, highlighted the significance of this collaboration, stating, “We are excited to join forces with LMKT and NIC Karachi to launch the XSeed Incubation Program. This partnership exemplifies INSEAD’s commitment to fostering real change through entrepreneurship and supporting the growth of innovative companies. By combining our expertise in entrepreneurship and strategy with the vibrant ecosystem of NIC Karachi, we aim to empower Pakistani entrepreneurs and drive impactful change in the startup landscape of Pakistan.”
Faizan Laghari, Project Director NIC Karachi, emphasized the importance of this collaboration, saying, “This partnership with researchers from INSEAD and LMKT marks a significant milestone for NIC Karachi. It further strengthens our mission to empower aspiring entrepreneurs and nurture innovation within Pakistan. By leveraging the expertise and global network of INSEAD researchers, we are confident that the XSeed Incubation Program will provide invaluable support and resources to our startup community, enabling them to thrive and make a lasting impact on the entrepreneurial ecosystem of Pakistan.