ISLAMABAD: The National Incubation Center (NIC) Islamabad, a collaboration between Pakistan\u2019s leading digital operator Jazz and Ignite, has incubated 295 startups in 12 cohorts since its inception, helping attract over Rs 7 billion in investment and generating over Rs 5.6 billion in sales revenues for the Pakistani startups. These startups have also contributed to Pakistan\u2019s economic growth by creating over 20,000 jobs. During an media interactive session on Wednesday, Aamer Ejaz, Jazz\u2019s Chief Digital Officer; Asim Shahryar, Ignite\u2019s CEO and Parvez Abbasi, Program Director NIC discussed the impact of the NIC in promoting entrepreneurship, nurturing innovation, and strengthening the startup ecosystem in the country. The NIC also provided entrepreneurs with a platform to connect with hundreds of mentors, angel investors, and venture capital funds to develop meaningful solutions to address some of the most pressing socioeconomic challenges. Speaking on this occasion, Aamer Ejaz said, \u201cAs Pakistan\u2019s leading digital operator, Jazz is committed to accelerating the local startup ecosystem and driving innovation in the country. It is heartening to witness the growth these startups are bringing, and we look forward to nurturing more startups and contributing to economic growth and development.\u201d He added, \u201cI am confident that our partnership with Ignite will continue to inspire, enable, engage and facilitate the startup ecosystem and promote entrepreneurship in the country.\u201d Sharing his views, Asim Shahryar, CEO Ignite, talked about the government\u2019s vision to transform Pakistan into a digital and innovation hub to accelerate the country\u2019s socioeconomic growth. He was of the view that the government is committed to uplift entrepreneurial skills and exposure of the youth, helping them realize their full potential. Starting with NIC Islamabad in 2016-17, Ignite has opened 7 other NICs across Pakistan in Lahore, Karachi, Peshawar, Quetta, Hyderabad, Faisalabad and Rawalpindi. These NICs have incubated more than 1,200 startups over the last 4-5 years, which have raised investment of more than Rs. 21 billion so far. APP
\nHe said, \u201cCurrently, we are working on opening a first-of-its-kind accelerator program and establishing Centers of Excellence for Gaming and Animation in Karachi and Lahore.\u201d
\nIt is pertinent to note that NIC Islamabad also houses Jazz xlr8, Pakistan\u2019s premier accelerator program, helping startups enrolled in the program to scale and grow. Through Jazz Xlr8, 31 startups have been incubated, and 11 startups also got the opportunity to showcase their ideas and products at 4YFN Mobile World Congress in Barcelona.
\nAround 24% of NIC Islamabad\u2019s startup founders are female and a flagship program, called Foundher, has been launched to facilitate them further.
\nFor female founders and staff, a daycare centre has also been established where they can leave their children while they work. The centre has won awards for its wheelchair-friendliness making it an ideal, stress-free environment to work in. It also has a state-of-the-art eye-tracking usability lab called the Jazz Xperience Hub which is one of the only two such commercial facilities available in Pakistan.
\nThis commitment towards providing local startups with a dedicated platform to innovate has also resulted in attracting foreign investment.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: The National Incubation Center (NIC) Islamabad, a collaboration between Pakistan\u2019s leading digital operator Jazz and Ignite, has incubated 295 startups in 12 cohorts since its inception, helping attract over Rs 7 billion in investment and generating over Rs 5.6 billion in sales revenues for the Pakistani startups. These startups have also contributed to Pakistan\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-321425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n