500 Global offers support to tech start-ups in Pakistan

Published November 13, 2021
In this file photo, people work at their stations at the National Incubation Centre (NIC), a start-up incubator, in Lahore. — AFP/File
In this file photo, people work at their stations at the National Incubation Centre (NIC), a start-up incubator, in Lahore. — AFP/File

ISLAMABAD: 500 Glo­bal, a leading international venture capital firm, has expressed interest in making investment in Pakis­tan by providing funds, support and mentorship to the burgeoning tech start-ups.

A delegation of 500 Global, led by its Managing Partner Courtney Powell, on Friday held a meeting with the senior management of Special Technology Zones Authority (STZA).

The delegation during the visit will meet start-ups, incubators, local venture capitalists, and other stakeholders in the public and private sector. The visit of the world’s leading venture capital firm is a follow-up of its understanding with STZA at Dubai Expo 2020.

The 500 Global delegation, during the meeting held with STZA Chairman Amer Hashmi and his team, identified and discussed investment opportunities that may foster innovation and promote a technology-driven knowledge ecosystem.

Other members of the delegation include Board Mem­ber Max Scheder-Bieschin and Alysia Lopez, executive assistant to 500 Global’s CEO Christine Tsai.

Mr Hashmi informed the delegation about the government’s commitment to facilitating global venture investment in Special Technology Zones in the country.

The STZA team briefed 500 Global about the Special Technology Zones created by the government of Pakistan to attract foreign direct investment, allow technology transfer, boost technology exports, prioritise research and development, and foster job creation for Pakistani youth.

Published in Dawn, November 13th, 2021

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Breaking the deadlock
09 Dec, 2022

Breaking the deadlock

It is time for PDM and PTI to show flexibility and realise that the future of over 240m people is at stake.
A targeted killing
09 Dec, 2022

A targeted killing

IF there were any doubts about a sinister, transnational plot to kill journalist Arshad Sharif, the 592-page report...
Dog-bite epidemic
09 Dec, 2022

Dog-bite epidemic

AN exploding population of stray canines has fuelled a dog-bite epidemic in Sindh, with the provincial health...
Worsening hunger
Updated 08 Dec, 2022

Worsening hunger

THAT the dollar liquidity crunch has started hurting the import of essential items such as vegetables and raw...
Bannu beheading
Updated 08 Dec, 2022

Bannu beheading

The state must take up the cudgels and neutralise barbarism before it spreads.
Smog misery
08 Dec, 2022

Smog misery

IF 2022 has taught us anything, it is that generations of reckless disregard for Mother Nature has accrued very ...