NIC Karachi welcomes 37 startups for Cohort 12

KARACHI: The National Incubation Center (NIC) Karachi has announced the commencement of its Cohort 12, welcoming 37 promising startups into its incubation programme, said a press release on Friday.

Following a rigorous selection process that saw over 400 applications and 112 pitches, NIC Karachi, managed by Lucky Landmark Pvt Ltd (part of YBG) in partnership with LMKT and Acceleration Partner -- Orbit Startups, is set to empower these selected startups on their innovation journey.

Funded by Ignite -- National Technology Fund, NIC Karachi continues to stand as Pakistan’s largest incubation centre and startup accelerator. Over the past six years, NIC Karachi has incubated startups that have created over one million jobs, generated more than Rs8 billion in revenue and raised over Rs9 billion in investment.

With Orbit Startups, one of the leading international VC firms operating in Pakistan, the 12th cohort will benefit from enhanced mentorship, capacity-building initiatives and greater access to capital, ensuring these startups are well-equipped to scale locally and internationally.

Atif R Khan, CEO of LMKT, shared his thoughts, saying, “We are excited to embark on this new journey with our Cohort 12 startups. As LMKT holds the largest incubation footprint in Pakistan, our commitment to fostering innovation remains stronger than ever. Through our collaboration with Lucky Landmark and Orbit Startups, we are elevating NIC Karachi to even greater heights. This cohort will have access to enhanced mentorship and funding, preparing them to thrive in both local and international markets.”