Both startups, which were incubated at Ignite’s National Incubation Centers, have attracted interest from the Pakistani diaspora and international investors at 4YFN. Visitors praised the steps taken by the Securities and Exchange Commission of Pakistan in improving ease of business for new startups and businesses in Pakistan. Some strategic partnerships and alignments have been made by these startups with global companies with the same focus areas. Earlier, H.E. Ambassador of Pakistan to Spain, Mr. Shujaat Ali Rathore, interacted with Pakistani companies and startups at the 4YFN conference and appreciated the innovative ideas and affirmed to extend full support to young Pakistani entrepreneurs.
Ignite has established a network of five National Incubation Centers (NICs) across Pakistan in Islamabad, Lahore, Karachi, Peshawar, and Quetta so far and is planning more incubators in future. NICs are providing mentorship and support to the promising vibrant entrepreneurs for planning and execution of their business ideas. International Telecommunication Union, a United Nations agency for ICTs, has recognized Ignite’s National Incubation Centers as one of the Champion Projects in the Enabling Environment Category at World Summit on the Information Society Prizes 2021 in May 2021.
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