Ignite signed an agreement with International Consulting Associates (Pvt.) Ltd. (iConsult) to perform an in-depth assessment study of Pakistan’s startup & freelancing ecosystems. iConsult will complete the assignment in partnership with Arthur D. Little, one of the leading international strategy consulting firms. The agreement was signed by Ignite’s CEO, Mr. Asim Shahryar Husain, and Senior Partner of iConsult, Mr. Shahid Ahmed Khan.
The study will gather key data and insights of the current state of Pakistan’s startup ecosystem. Moreover, the study will identify key strengths and major gaps of Pakistan’s startup ecosystem so that relevant policy measures and regulatory incentives required for the growth and development of our technology-based startups may be outlined and recommended. The major outcome of the study is a comprehensive set of proposed policy measures and regulatory incentives, with justifications, for promotion, growth, and development of technology-based start-ups and overall development of an entrepreneurial ecosystem of Pakistan in general. Measures taken as a result of the study are expected to boost local and foreign investment in Pakistani startups further. The goal is to launch many unicorns (billion dollar startups) from Pakistan by 2025 or earlier.