The National Incubation Center Karachi (NICK) held a Startup Graduation Ceremony to honour the accomplishments of its fourth and fifth cohort startups, with 35 high-growth startups walking over the stage.
Startups were challenged throughout their incubation at NIC Karachi to not only show development in the many training programmes offered for them as part of their incubation, but also to show growth in their businesses.
During the event, a consultation session with ten of NIC Karachi’s star startups was also organised.
Syed Amin UI Haque, the Federal Minister for Information Technology and Telecommunications, attended the occasion as the principal guest and praised the work of the graduating founders. “NIC Karachi has made a significant contribution to Pakistan’s regional and national economies by encouraging innovation and promoting entrepreneurial culture,” he said. The centre is a centre for innovation and entrepreneurship in Karachi, and it has created a number of successful businesses.”
Mr. Danish Lakhani, GM Projects, Mr. Jawad Azfar, VP LMKT, Mr. Faisal Jamil, CEO Ignite, Mr. Asim Shahryar Husain, VC NED University, Dr. Sarosh Hashmat Lodi, Member IT, Mr. Junaid Imam, Ignite Board member, Mr. Danish Lakhani, GM Projects, Mr. Danish Lakhani, GM Projects, Mr. Danish Lakh
Dr. Muhammad Sohail Rajput, the Federal Secretary for Information Technology and Telecommunications, expressed his satisfaction at the event. “Seeing young people desire to make a positive difference via invention is always heartening,” he remarked. The Ministry of IT and Telecom, Ignite, and NIC Karachi have all put in a lot of effort, and it shows in the success of the graduating businesses.”
During the event, Mr. Asim Shahryar Husain, CEO of Ignite, remarked, “The Pakistani startup ecosystem is heating up in 2021, with more than 200 percent growth in investments in Pakistani businesses over the previous year.” Pro-entrepreneurship policies of the Pakistani government have played an important influence in this regard. Ignite intends to open more incubators in other cities as well as new technology verticals in the future to further energise Pakistan’s startup ecosystem.”
Omar Abedin, Director of NIC Karachi, thanked all of the distinguished visitors for attending the ceremony and congratulated the graduating entrepreneurs. Bykea, Azcorp, Lorryz, Asani, HukumJanab, The Learning Hut, Tensorminds, Carvan, Saaya Health, QriosityNet, and 160 other NICK startups have made important contributions to the economic progress and prosperity of Karachi and the country.
A cake cutting ceremony was held at the event’s conclusion to commemorate NIC Karachi’s 3rd birthday, as well as Ignite’s National Incubation Centers’ recent recognition as a Champion project in the enabling environment category at the International Telecommunication Union’s WSIS Process Prizes 2021.