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National Incubation Center
National Incubation Center (or NIC), is a Pakistan-based startup incubation program under a public-private partnership with the Ministry of Information Technology and Telecommunication (MoTT), and other entities in Pakistan including the Ignite National Technology Fund. The Ignite National Technology Fund has established seven regional NICs. all across Pakistan as the resultant of the strategic infrastructure development component of MoTT's ''Digital Pakistan Policy''. These NIC's Were created to give youth the proper training and facilities to start their own startups and businesses all across Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's fifth-most populous country, with a population of almost 243 million people, and has the world's second-lar ... References External links Pakistan federal departments and agencies Public–private partnership Government of ...
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Startup Company
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by so ...
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Faisalabad
Faisalabad (; Punjabi/ ur, , ; ), formerly known as Lyallpur ( Punjabi, Urdu: لائل پور), named after the founder of the city, but was renamed in 1977 in honour of late King Faisal of Saudi Arabia. It is the 3rd largest city of Pakistan after Karachi and Lahore respectively, and the 2nd largest city of Punjab after Lahore. Faisalabad is one of Pakistan's wealthiest cities, the largest industrial hub and 2nd largest city of wider Punjab region. Historically one of the first planned cities within British India, it has long since developed into a cosmopolitan metropolis. Faisalabad was restructured into city district status; a devolution promulgated by the 2001 local government ordinance (LGO). The total area of Faisalabad District is while the area controlled by the Faisalabad Development Authority (FDA) is . Faisalabad has grown to become a major industrial and distribution centre because of its central location in the region and connecting roads, rails, and air ...
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Public–private Partnership
A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Review, Public Administration Review, 2007, Vol. 67(3), pp. 545–558 Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users over the course of the PPP contract. Public–private partnerships have been implemented in multiple countries and are primarily used for infrastructure projects. They have been employed for building, equipping, operating and maintaining schools, hospitals, transport systems, and water and sewerage systems. Cooperation between private actors, corporations and governments has existed since the inception of sovereign states, notably for the purpose of tax collection and colonization. However, contemporary "public-private partnerships" came into being ...
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Pakistan Federal Departments And Agencies
Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's fifth-most populous country, with a population of almost 243 million people, and has the world's second-largest Muslim population just behind Indonesia. Pakistan is the 33rd-largest country in the world by area and 2nd largest in South Asia, spanning . It has a coastline along the Arabian Sea and Gulf of Oman in the south, and is bordered by India to the east, Afghanistan to the west, Iran to the southwest, and China to the northeast. It is separated narrowly from Tajikistan by Afghanistan's Wakhan Corridor in the north, and also shares a maritime border with Oman. Islamabad is the nation's capital, while Karachi is its largest city and financial centre. Pakistan is the site of several ancient cultures, including the 8,500-year-old Neolithic site of Mehrgarh in Balochistan, the Indus Valley civilisation of the Bronze Age, the most extensi ...
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Ignite National Technology Fund
Ignite National Technology Fund or simply Ignite (formerly National ICT R&D Fund) is a non-profit company owned by the Government of Pakistan and administered by the Ministry of Information Technology and Telecommunication. It provides grants to startups and innovate projects, operates incubators and digital skills training programs through private sector partners, commissions studies that inform public sector policy and undertakes outreach to evangelize innovation and to spread awareness about its programs amongst industry, academia, media and policy makers. Ignite was established in 2007 and is funded by mobile telecom operators, landline telecom operators and internet service providers, ISP, in Pakistan by Government mandate. Ignite is headed by a CEO, who is usually from the private sector. The CEO reports to a Board of Directors, comprising public and private personnel including representatives of telecom operators and ISP that fund Ignite. Ignite has established National I ...
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Ministry Of Information Technology And Telecommunication
The Ministry of Information Technology and Telecommunication ( ur, ), abbreviated as MoITT) is a Cabinet-level ministry of the Government of Pakistan concerned with Information Technology and Telecommunications. Organizations Pakistan Telecommunication Authority Pakistan Telecommunication Authority (PTA) is a telecom sector Regulator responsible for the establishment, operation and maintenance of telecommunications in Pakistan. National Telecommunication Corporation National Telecommunication Corporation (NTC) is a government-based IT and Telecom services provider corporation in Pakistan. NTC provides ICT service to Federal Government, Armed Forces, Defense Projects, Provincial Governments and to all Government Institutions. Pakistan Software Export Board Pakistan Software Export Board (PSEB) is an apex Government body mandated to promote Pakistan's IT Industry in local and international markets. PSEB facilitates the IT industry through a series of projects and programs ...
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Pakistan
Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 243 million people, and has the world's Islam by country#Countries, second-largest Muslim population just behind Indonesia. Pakistan is the List of countries and dependencies by area, 33rd-largest country in the world by area and 2nd largest in South Asia, spanning . It has a coastline along the Arabian Sea and Gulf of Oman in the south, and is bordered by India to India–Pakistan border, the east, Afghanistan to Durand Line, the west, Iran to Iran–Pakistan border, the southwest, and China to China–Pakistan border, the northeast. It is separated narrowly from Tajikistan by Afghanistan's Wakhan Corridor in the north, and also shares a maritime border with Oman. Islamabad is the nation's capital, while Karachi is its largest city and fina ...
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Seed Accelerator
Startup accelerators, also known as seed accelerators, are fixed-term, cohort-based programs, that include mentorship and educational components and culminate in a public pitch event or demo day. While traditional business incubators are often government-funded, generally take no equity, and rarely provide funding, accelerators can be either privately or publicly funded and cover a wide range of industries. Unlike business incubators, the application process for seed accelerators is open to anyone but highly competitive. There are specific accelerators, such as corporate accelerators, which are often subsidiaries or programs of larger corporations that act like seed accelerators. Distinctive qualities The main differences between business incubators, startup studios, and accelerators are: # The application process is open to anyone but highly competitive. Y Combinator and TechStars have application acceptance rates between 1% and 3%. # Seed investment in startups is usually mad ...
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Hyderabad, Sindh
Hyderabad ( Sindhi and ur, ; ) is a city and the capital of Hyderabad Division in the Sindh province of Pakistan. It is the second-largest city in Sindh, and the eighth largest in Pakistan. Founded in 1768 by Mian Ghulam Shah Kalhoro of the Kalhora Dynasty, Hyderabad served as a provincial capital until the British transferred the capital to Bombay presidency in 1840. It is about inland of Karachi, the largest city of Pakistan, to which it is connected by a direct railway and M-9 motorway. Toponymy The city was named in honour of Ali, the fourth caliph and cousin of the Prophet Muhammad. Hyderabad's name translates literally as "Lion City"—from ''haydar'', meaning "lion," and '' ābād'', which is a suffix indicating a settlement. "Lion" references Ali's valour in battle, and so he is often referred to as ''Ali Haydar'', roughly meaning "Ali the Lionheart," by South Asian Muslims. History Founding The River Indus was changing course around 1757, resulting in perio ...
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Business Incubator
Business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and office space and ending with venture capital financing. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above. Business incubators differ from research and technology parks in their dedication to startup and early-stage companies. Research and technology parks, on the other hand, tend to be large-scale projects that house everything from corporate, government, or university labs to very small companies. Most research and technology parks do not o ...
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Quetta
Quetta (; ur, ; ; ps, کوټه‎) is the tenth List of cities in Pakistan by population, most populous city in Pakistan with a population of over 1.1 million. It is situated in Geography of Pakistan, south-west of the country close to the Durand line, International border with Afghanistan. It is the capital of the Administrative units of Pakistan, province of Balochistan, Pakistan, Balochistan where it is the largest city. Quetta is at an average elevation of above sea level, making it Pakistan's only high-altitude major city. The city is known as the ''"Fruit Garden of Pakistan"'' due to the numerous fruit orchards in and around it, and the large variety of fruits and dried fruit products produced there. Located in northern Balochistan near the Durand line, Pakistan-Afghanistan border and the road across to Kandahar, Quetta is a trade and communication centre between the two countries. The city is near the Bolan Pass route which was once one of the major gateways from Ce ...
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Karachi
Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former capital of Pakistan and capital of the province of Sindh. Ranked as a beta-global city, it is Pakistan's premier industrial and financial centre, with an estimated GDP of over $200 billion ( PPP) . Karachi paid $9billion (25% of whole country) as tax during fiscal year July 2021 to May 2022 according to FBR report. Karachi is Pakistan's most cosmopolitan city, linguistically, ethnically, and religiously diverse, as well as one of Pakistan's most secular and socially liberal cities. Karachi serves as a transport hub, and contains Pakistan’s two largest seaports, the Port of Karachi and Port Qasim, as well as Pakistan's busiest airport, Jinnah International Airport. Karachi is also a media center, home to news channels, film and fashi ...
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