At least two mobile phone companies operating in Pakistan are all set to invest in already booming startup scene of Pakistan, a source who is directly aware of the development confirmed ProPakistani.
While we have the names of both the telecom operators that are about to sign a global tech giant (and others) for partnership, we are asked to hold the names till we get any concrete affirmations on this.
In a development that can be termed as a sweet co-incidence, both the cellular companies are working on exactly same lines to invest in local tech startups and entrepreneurs with an ultimate aim of growing data usage of masses.
While we are yet to get details on type of investment these mobile companies, we are confirmed that initiative is aimed at enriching local tech companies to benefit local consumers.
Coming from cellular companies with the agenda of growing data needs, one can assume that tech startups and entrepreneurs with focus on mobile applications will be liked more by these upcoming initiatives. But nevertheless, web or desktop apps are also capable of driving data needs and hence may also come under the scope.
Both the companies — who plan to invest heavily in Pakistani startups — understand that local starups and developers have all the required potential in filling the market requirements for local apps and content as the demand has only risen after the emergence of 3G and 4G technologies.
Not to mention, Telenor’s Apportunity App Competition is considered as Pakistani telcos’ only contribution towards local entrepreneurs till date. But we can confirm that if things go as they are planned, then these new initiatives will be a big step forward in boosting local entrepreneurs.
Expect more updates on this in coming days.