In a significant move for the Pakistani startup ecosystem, IT Minister Dr. Umar Saif officially launched the Rs. 2 billion Pakistan Startup Fund (PSF). The inauguration ceremony witnessed the presence of domestic and international venture capitalists, diplomats, and prominent tech companies. Dr. Umar Saif, along with Secretary IT Hasan Nasir Jami and Ignite CEO Asim…
In a monumental leap towards redefining Pakistan’s entrepreneurial landscape, the MoITT is gearing up to introduce the country’s inaugural startup fund on January 9, 2024. Taking charge as the executing body, the Ignite-National Technology Fund ensures transparency through an independent steering body overseeing operations. The government’s unwavering commitment to fostering innovation is reflected in the…
Startup funding landscape in Pakistan has experienced a challenging year, witnessing a significant downturn with investments plummeting to $75.6 million in 2023, as revealed by Data Darbar. This marks a substantial 77.2 percent year-on-year (YoY) decline compared to the same period last year. The data further indicates that a notable portion of the funds, totaling…
In a strategic move poised for significant impact, Kickstart, a prominent co-working space in Pakistan, has successfully secured Rs. 200 million in funding from Vital Group. This substantial investment is earmarked for an extensive expansion of Kickstart’s footprint in central Karachi, marking a transformative phase for the collaborative workspace provider. Founded in 2016 by LUMS…
