The Ministry of Information Technology and Telecommunication (MoITT) has started two significant projects to strengthen Pakistan's startup ecosystem: the Pakistan Startup Fund (PSF) and the Prime Minister's Cloud Enablement Programme for Startups seek to give startups access to capital, infrastructure, and global visibility.
The Pakistan Startup Fund encourages venture capital inflows and fills early-stage funding gaps by providing equity-free grants of up to 30% of investment rounds.
By turning creative concepts into workable business solutions, this fund will support young entrepreneurs.
Startups will have access to top-notch cloud infrastructure from industry leaders like AWS, Google Cloud, Microsoft Azure, and Huawei Cloud through the Cloud Enablement Program.
This will facilitate the adoption of cutting-edge technologies by startups, including e-commerce, FinTech, HealthTech, and AI.
The government's dedication to the prime minister's Digital Nation Pakistan vision was reiterated by Federal Minister Shaza Khawaja.
According to her, the new projects will boost innovation, give entrepreneurs more power, and improve Pakistan's standing in the world of technology.
The Cloud Enablement Program, PSF, and BridgeStart Pakistan collectively offer startups infrastructure, capital, and global exposure, according to Ignite CEO Rafique Ahmed Burriro.
By connecting entrepreneurs with foreign investors and accelerators, BridgeStart Pakistan will give them access to international markets.
Leading start-ups under BridgeStart Pakistan received recognition for their accomplishments during the event.
InLights Solutions, Sahl, Thingsty, Kashmeta, Edversity, Creative 3D, Motovest, Paymo, Chaajao Tech, and Wiser Machines were among them.
Together, these projects lay the groundwork for a cohesive national innovation framework. The foundation of a cohesive national innovation framework is created by these initiatives taken together. Their joint goal is to create a Digital Pakistan by bridging dreams.