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Monday December 30, 2024

NIC Islamabad: Accepting applications for Incubation

By Our Correspondent
September 22, 2024
People work at their stations at the National Incubation Centre (NIC). — AFP/File
People work at their stations at the National Incubation Centre (NIC). — AFP/File

ISLAMABAD: The National Incubation Centre (NIC) in Islamabad is emerging as a pivotal hub for innovation and entrepreneurship in Pakistan. With applications for incubation in its second cohort closing on September 23rd, 2024 aspiring entrepreneurs are invited to apply to join the chance of fully funded (by Ignite National Technology Fund) incubation facilities and the comprehensive support system offered by the National Incubation Centre Islamabad, designed to transform ideas into successful ventures.

In recent years, Pakistan’s startup ecosystem has experienced remarkable growth, largely driven by the efforts of incubators and accelerators. Among these, NIC stands out as a premier facility dedicated to empowering startups. Its mission is to cultivate a vibrant ecosystem that nurtures groundbreaking innovations while fostering connections among entrepreneurs, investors, and industry leaders. Offering a robust framework that includes mentorship, training, networking opportunities, and access to essential resources, the center ensures that entrepreneurs receive guidance at every stage of their journey.

Serving as a nexus where innovation converges, NIC Islamabad enables collaboration among a diverse community of visionaries and industry experts. Equipped with state-of-the-art facilities, it inspires creativity and productivity, emphasizing social impact by supporting startups focused on societal challenges, contributing to Pakistan’s economic development.

Testimonials from startup founders underscore the center’s impactful role. Eisha Kirmani, Founder & CEO of Jazb, likens the center’s support to that of a parent. Farrukh Bhatti, Founder & CEO of NewVative, highlights the valuable connections made through its network, while Shaista Khalid, Founder & CEO of Fit Her, credits it with enhancing her exposure and opportunities within the industry.

A key strength of NIC Islamabad is its extensive network of consortium partners, including Hashoo Group, Fauji Foundation, and Telenor, providing startups with unparalleled access to industry expertise and growth opportunities. Additionally, they collaborate with the Founder Institute (FI), a globally recognized accelerator known for its structured programs that assist entrepreneurs in developing fundable startups.

The Innovation hub also takes pride in its dedicated coaches and mentors, a team of seasoned professionals offering targeted support tailored to each startup’s unique needs. This mentorship extends beyond initial guidance, ensuring ongoing support throughout the incubation process.

As NIC Islamabad continue to nurture innovative ideas and foster meaningful connections within the entrepreneurial community, it is poised to play a critical role in shaping the future of entrepreneurship in Pakistan. Entrepreneurs are encouraged to apply before the September 23rd deadline to access invaluable resources and join a network committed to innovation and impact.

Jang Media group is a committed partner and supporter of the innovation ecosystem and the National Incubation Centre Islamabad.