Ideagist plans to bring $1 billion investment in Pakistan’s Startup Ecosystem

  • IdeaGist has launched the development of the National Investment Showcase Portal.
  • The portal will provide entrepreneurs access to foreign and international investors.
  • The announcement was made at the opening session of the National Workshop on Incubator Management at the National University of Modern Languages.
  • Registration of Entrepreneurs will start after completing the regulatory requirements by SECP and SBP.

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IdeaGist has launched the development of the National Investment Showcase Portal. The purpose of the portal is to provide entrepreneurs access to foreign and international investors by providing quality deal-flow and raising the standards of investment pitches by knowledge-based startups.

In startup culture, many institutions work for boasting the entrepreneurial environment and the chances of success have increased manifold with the advent of modern technology. These events spur the economic growth apart from promoting the entrepreneurship. Although Pakistan is in the initial stages for a startup culture to build properly still the platform provides network opportunities with global investors ensuring the access to mentors and networking with the venture capitalist.

The announcement was made at the opening session of the National Workshop on Incubator Management at the National University of Modern Languages which was organized in collaboration with the Higher Education Commission. The event was attended by more than 80 representatives from 42 institutions from across Pakistan.

Registration of Entrepreneurs will start after completing the regulatory requirements by SECP and SBP. Any institution from across the country can become a partner and offer their students access to the investment showcase portal, said National Coordinator for the program Amir Ayub.

Hassan Syed – the founder of IdeaGist, said that he decided to come and invest his technology in Pakistan for the development of the startup ecosystem and to provide personalized opportunities to the youth of the country adding that he’s influenced by the vision of Pakistan’s Prime Minister Imran Khan so decided to develop the startup ecosystem in Pakistan.

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Hassan also highlighted the need for risk capital in Pakistan’s startup ecosystem and said that smaller investors from overseas cannot access quality deals through any channel right now.

According to the press release, Incubators and Accelerators have been registered with IdeaGist are Aptech Karachi, CGNPK Islamabad, Plan9 (PITB), Seed Ventures Karachi, Social Innovation Lab (SIL) Lahore, whereas all others are invited to become a part of startup ecosystem at their earliest.

How do you foresee the future of the startup ecosystem in Pakistan? Let us know in the comment section below


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