The National Incubation Center (NIC), the largest incubation program in Pakistan, launched under the public-private partnership of Ministry of Information Technology and Telecom, Ignite (Formerly National ICT R&D Fund), Jazz/TeamUp will start accepting the first round of applications for its incubation program from December 8, 2016.
Startups from across the country are open to apply. The NIC will provide startups with a free of cost workspace, incubation, acceleration, seed funding and access to 50 million plus mobile customers. The Center will also give entrepreneurs access to industry leaders and world-class mentors, who will help startups realize their full potential. Combined, it shall provide Pakistani startups with the resources required to build sustainable companies, which will boost the economic growth of Pakistan.
Ms. Anusha Rahman Khan Honorable Minister of State for IT & Telecom said; “The National Incubation Center will provide state-of-the-art infrastructure and facilities to foster economic growth through innovation and wealth creation. Through this initiative, we hope to encourage an ecosystem of indigenous product development in the arena of ICTs. This initiative is in pursuance with Vision of the Government of Pakistan, which endeavors to encourage entrepreneurship-led growth. These tech start-ups will help us as a nation better embrace the innovation-centric knowledge economy”
The Ignite (Formerly National ICT R&D Fund) CEO and Chairman of Pakistan Telecommunication Authority, Dr. Syed Ismail Shah, sees the Center as a critical component for Pakistan’s economic development.
“Ignite (Formerly National ICT R&D Fund) is committed to bring about a technology revolution in Pakistan by motivating both academia and industry to perform research and develop state-of-the-art technologies and software. National Incubation Center will provide an innovative system designed to assist entrepreneurs and inventors in the development of new technology-based firms. It will effectively link talent, technology, capital and skill in order to accelerate the development of new businesses and thereby help the commercialization of technology,” said Dr. Syed Ismail Shah.
Information on NIC, the application process, as well as details of the program can found at: http://nicpakistan.pk
