PITB launches incubators for tech startups in 9 cities of Punjab

Published March 23, 2021
The Punjab Information Technology Board (PITB) has launched Regional Plan9 — a network of incubators for technology startups across the province. — Photo courtesy Plan 9 website
The Punjab Information Technology Board (PITB) has launched Regional Plan9 — a network of incubators for technology startups across the province. — Photo courtesy Plan 9 website

The Punjab Information Technology Board (PITB) has launched Regional Plan9 — a network of incubators for technology startups across the province, it emerged on Monday.

Under the plan, PITB will be launching nine incubation centres in Lahore, Bahawalpur, Dera Ghazi Khan, Faisalabad, Multan, Rawalpindi, Gujranwala, Sahiwal and Sargodha in partnership with public sector universities, the board said in a statement.

Of these centres, the ones in Lahore, Bahawalpur and Sargodha will start functioning in April, it added.

Elaborating on the board's plan, the statement said "Regional Plan9 aims to inculcate a technology driven entrepreneurial mindset across the province that will be the key to expanding and strenghthening the startup ecosystem."

The selected startups will be provided several services, including free office space, monthly stipends, networking opportunities, mentoring and trainings.

"Each service is tailored and targeted to enable, support and sustain the startups to transform their idea into a functional product/service," the statement said, adding that programme was based on a zero-equity model.

"By harnessing the collective power of technology and entrepreneurship, the project is geared towards empowering through provision of equitable access to entrepreneurial opportunities across Punjab," it further said.

For the selection process, Regional Plan9 will hold "The Launchpad" to "induct startups using an eligibility criteria and a judicious process that involves input by domain experts".

Professionals from the industry, mentors and academicians will also be present at the event, the date for which has not yet been announced. The centers situated in Lahore, Sargodha, Bahawalpur and Lahore will commence operations in the month of April, according to a PITB statement.

Interested startups can access the application form here.

Opinion

Avoid Modi’s nationalist turf
Updated 19 Oct 2021

Avoid Modi’s nationalist turf

It remains the only party with a presence in every Indian state and makes it best equipped to effect the required radical change.
Back to the Fund
Updated 20 Oct 2021

Back to the Fund

The main IMF conditions have failed to deliver sustainable growth or even fiscal or external deficit reduction over four decades.
The lamp of guidance
Updated 19 Oct 2021

The lamp of guidance

Those seeking to learn from his example must follow the moral precepts he gave otherwise it is half-hearted devotion at most.

Editorial

Opposition’s chance?
Updated 19 Oct 2021

Opposition’s chance?

What the opposition can do is take advantage of the cleavage between PTI and the establishment, perhaps widen it and leverage it.
Evading tax laws
Updated 20 Oct 2021

Evading tax laws

Challenge of tax compliance can't be dealt with without directly taxing incomes irrespective of source and punishing tax evaders.
19 Oct 2021

KCR delays

AS political and bureaucratic stakeholders drag their feet over reviving the Karachi Circular Railway, residents of...
Financial troubles
Updated 18 Oct 2021

Financial troubles

Growing trade gap is fuelling the current account deficit and bringing the already meagre foreign exchange reserves under stress.
18 Oct 2021

Complaint portal

IN a ruling on Thursday, the Mingora bench of the Peshawar High Court held that the Prime Minister’s Performance...
18 Oct 2021

Capital’s master plan

IT is encouraging that on Thursday, the restructured commission formed by the federal cabinet to revise ...