Launch in Karachi: National incubation centre to start operations

Tuesday, April 24, 2018

By Usman Hanif

After making inroads into Lahore, Islamabad and Peshawar, a national incubation centre (NIC) is being established in Karachi to train youth who are looking forward to becoming tech-based entrepreneurs with the objective of dismantling old-fashioned systems and introducing new creative solutions.

“A technology company based in Islamabad, called LMKT, is all set to start NIC operations in Karachi in May,” announced Yousaf Hussain, CEO of Ignite, at a press conference on Monday.

LMKT is setting up the incubation centre in partnership with the NED University, Habib Bank, Pakistan Telecommunication Company, Pakistan Poverty Alleviation Fund, Founder Institute and i2i. Funding will come from Ignite, formerly called National ICT R&D Fund.

The centre will offer talented entrepreneurs and promising start-ups of Sindh quality incubation programmes, access to mentor and investor networks as well as technical resources.

Photo courtesy of Remko van Dokkum.

Source: The Express Tribune (link opens in a new window)

poverty alleviation, startups