National ICT R&D Fund is establishing a Tech City Incubator in Islamabad. After NUST’s Technology Incubator Center (TIC), this is going to be the second startup incubator in the capital of Pakistan.
With the Fund’s significant influence and wealth behind it, the Tech City Incubator could be a very significant contributor to the startup economy in Islamabad. Lahore and Karachi have emerged as the leading hubs for entrepreneurship in Pakistan and this move could help Islamabad stand on level footing.
To establish the Incubator, the National ICT R&D Fund has issued an ‘expression of interest’. Proposals for the Tech City Incubator are encouraged from “qualified licensed/registered legal entities who are on the active Taxpayer list (ATL) of FBR and have sound Financial Backing, professional Management Team and Prior Experience in ICT Sector”.
This will be the first in a series of Tech Incubators in all provinces and major metropolitan areas. The decision to build these was taken a few months ago in the 35th Board of Directors meeting of National ICT R&D Fund Company.
Through this new model, an ecosystem for promoting entrepreneurship is being established. Young and aspiring entrepreneurs with IT qualifications even from remote areas would have an equal opportunity to launch their own businesses once the project is fully underway.
For application procedure and deadlines, refer to the advertisement below.