Lucky Landmark, part of YBG, in partnership with LMKT and Orbit Startups, has been awarded the prestigious project of managing the National Incubation Center (NIC) Karachi for the next five years by Ignite, Ministry of IT & Telecom. This significant achievement marks a new era of innovation and entrepreneurship in Pakistan.
As part of Ignite’s new strategic focus, NIC Karachi will emphasize Industrial Automation, FinTech, Cyber Security, and the induction of women-led startups. Over the past six years, under LMKT’s management, NIC Karachi has become Pakistan’s largest tech incubator and startup accelerator. The center has supported 299 startups, who have created 1 million jobs, raised Rs. 9.1 billion in investments, and generated Rs. 8.7 billion in revenue.
Sponsors of Lucky Landmark, the YB Group one of Pakistan’s largest conglomerates, has teamed up with LMKT, the country’s leading IT company, and Orbit Startups, an international accelerator renowned for its active investments in Pakistani startups. This collaboration promises to further enhance NIC Karachi’s impact on the startup ecosystem.
CEO of Ignite expressed, “It is fantastic to continue our partnership with trusted collaborators for another five years. We are excited to witness the emergence of more startups focusing on Industrial Automation, FinTech, Cyber Security, and women-led ventures. Together, we will further strengthen Pakistan’s innovation landscape.”
“We believe a nation’s prosperity is inextricably linked to its capacity for innovation. As a cornerstone of this country’s economy, we recognize our duty to cultivate a thriving startup ecosystem that is able to nurture the next generation of entrepreneurs and propel our country into a future of unparalleled progress,” said Mr. Ali Sohail Tabba, representing YB Group at the ceremony .
Atif Rais Khan, CEO LMKT, stated, “Winning the NIC Karachi project once again is a testament to our dedication and success. We are committed to elevating NIC Karachi to even greater heights. This collaboration with Lucky Landmark and Orbit Startups will immensely benefit both current and future startups incubated at NIC Karachi.”
About LMKT:
LMKT is a leading technology company offering innovative solutions in smart cities, smart buildings, integrated security, e-governance, clean technology, agri-tech solutions, and more. With a strong commitment to supporting Pakistan’s growth, LMKT operates National Incubation Centers in Peshawar, Karachi, and Hyderabad. These centers foster a vibrant nationwide startup ecosystem.
About Orbit Startups:
Orbit Startups is an international accelerator focused on investing in and supporting high-potential startups across emerging markets. With a proven track record of fostering entrepreneurial success, Orbit Startups provides mentorship, capacity building, and acceleration programs to drive innovation and growth.
About Lucky Landmark Pvt. Limited:
Sponsors of Lucky Landmark, the YB Group is one of the Largest industrial and commercial conglomerates in Pakistan, renowned for its diversified portfolio and commitment to excellence. As a subsidiary of the YB Group, Lucky Landmark operates across multiple sectors mainly in real estate and infrastructure. LuckyOne Mall and Appartments are the premium brands constructed and are being in operation under the Lucky Landmark management. The company’s dedication to innovation and sustainable growth has positioned it as a leader in driving economic development and fostering new business opportunities in Pakistan.
