Ignite announces winning startups of first PakImpactInvest event

Staff Reporter

PakImpactInvest is an Investment platform launched by Ignite National Technology Fund in partnership with Accelerate Prosperity this year.

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 & 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.

Earlier through a rigorous selection process, top 30 startups and growth businesses ‘ representing various verticals were selected for this two-day online pitching event.

These pitching sessions were evaluated by a judging panel comprising of Mr. Yusuf Hussain, Head Venture Capital HBL, Mr. Kamruddin Shams, Chairman The Shams Group, and Mr. Shanul Haq, CEO Accretif Capital Inc.

In his message, Federal Minister for IT & Telecom, Syed Amin Ul Haque congratulated the winning entrepreneurs who are making a contribution to socio-economic landscape of Pakistan through new jobs, revenue, and investments.

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