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

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