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Help the entrepreneur


Help the entrepreneur
July 13, 2021
Pakistan’s asset – its youth bulge – can translate into economic gains through development of skills and an environment consistent with the requirements of a modern economy.
The UNDP’s National Human Development Report (NHDR) 2020, highlights that currently Pakistan’s 27 million youth are looking for gainful employment with a possible option of getting groomed as entrepreneurs of tomorrow. The cohort of the unemployed youth is predominantly women and only one-third men.
To fill the aspirations of those entering the labour market, NHDR 2017 had projected the need for creation of 1.3 million jobs a year, with a labour force participation rate of 66.6 percent. The economy’s inability to create new employment opportunities can lead to 43 million people being unemployed by 2050. An undesirable outcome. ....

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Pakistani Startups showcased by Ignite at 4YFN in Barcelona


Daily Times
July 7, 2021
Ignite National Technology Fund, a Company with Ministry of IT and Telecom, showcased Pakistani startups at 4YFN (4 Years From Now), the startup event of Mobile World Congress which enables startups, investors and large corporations to connect and launch new business ventures together. 4YFN supports startups, incubators, and accelerators who want to project the creativity of their ecosystems to the tech industry, with exhibition space to showcase their best startups and opportunities for those startups to pitch to investors. Among the participating startups were Fowrry and YPay Financial Services. Fowrry is a mobile app for delivering fresh fruits and vegetables, restaurant food, groceries, baked items, medicines, gifts, cosmetics, ?owers directly to the customer’s doorstep with free replacement or return, creating more than 3000 jobs. YPay Financial Services Pvt. Ltd is a fintech startups with a vision to have onboard 1 million ?rst time capital ....

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Ignite Announces Winning Startups of First PakImpactInvest Event


Ignite Announces Winning Startups of First PakImpactInvest Event
The first pitching competition of PakImpactInvest was held online on 22nd and 23rd May in which 29 startups from Ignite’s National Incubation Centers, Ignite-funded projects, and AP’s network pitched their business plans to national and international investors from North America, Europe, and Pakistan.
50 individual & institutional investors and 6 top business incubators and accelerators from 14 countries participated in the two-day event.
PakImpactInvest is an initiative of Ignite – National Technology Fund and Ministry of IT & Telecom in collaboration with Accelerate Prosperity. It is a national investment platform to connect local startups and national/international investors including commercial and impact investors, venture capitalists, donors, and philanthropists. ....

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