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NIC Karachi, Pakistan’s largest tech incubator, celebrates its 5th anniversary

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KARACHI:- NIC Karachi, Pakistan’s largest tech incubator , celebrated its 5th anniversary with a grand event that united industry leaders, entrepreneurs, and stakeholders. Since its inauguration in 2018, the LMKT-operated and Ignite-funded incubator has played a crucial role in fostering innovation and nurturing entrepreneurial talent in Pakistan.

The celebration event not only showcased the Center’s accomplishments but also the remarkable growth and achievements of the startup community over this period. An engaging panel discussion followed by an esteemed awards ceremony honored the exceptional contributions startups have made within the NIC Karachi community.

Distinguished speakers from the entrepreneurial landscape shared their valuable insights and experiences in a panel discussion titled “Accelerating Success: Empowering NIC Karachi Startups for Growth and Impact.” The engaging dialogue shed light on the remarkable achievements, challenges, and milestones of the startups incubated at NIC Karachi, highlighting their innovative solutions and transformative impact across various industries.

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CEO LMKT Atif Rais Khan, expressed his jubilation on reaching this significant milestone, stating, “Pakistan’s startup ecosystem has witnessed remarkable growth in the past five years and we are proud to have played a pivotal role in this transformation. We believe in the potential of our people and are excited to enable NIC Karachi’s journey of empowering entrepreneurs and nurturing innovation.” Faizan Laghari, Project Director of NIC Karachi, expressed his optimism for the future, stating, “The 5th anniversary of NIC Karachi is a testament to our unwavering commitment to nurturing startups and creating an enabling environment for innovation and growth. We have witnessed the transformative journey of our startups and are determined to support their continued success. NIC Karachi aims to be a catalyst for change, driving the growth of Pakistan’s startup ecosystem for years to come.”

The event served as a platform for investors, mentors, ecosystem enablers, and entrepreneurs to connect, collaborate, and celebrate the achievements of the Pakistani startup community. The evening culminated in a delightful dinner and networking session, fostering valuable connections and laying the foundation for future collaborations.

NIC Karachi boasts a diverse portfolio spanning various industries, including HealthTech, AgriTech, FinTech, EdTech, Big Data, and AI. With a global presence in Turkey, Africa, and the UK, NIC Karachi has become the preferred destination for innovative entrepreneurs. Demonstrating its impact, our startups have generated over 97,000 jobs, raised an impressive investment of Rs. 7.6 billion, and generated revenue of Rs. 5.2 billion. Through collaboration with our partners, NIC Karachi continues to offer state-of-the-art facilities, mentorship, business support services, and a thriving ecosystem to nurture startup growth. As we embark on the next chapter of our journey, NIC Karachi remains committed to empowering startups and driving socio-economic development in Pakistan.

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