A total of 261 startups graduated under the National Expansion Plan (NEP) of the National Incubation Centres (NICs) Programme, a collaborative effort of the Punjab Information Technology Board (PITB) and Ministry of Information Technology and Telecommunication (MoITT), from January 2023 to December 2023, reports the Express Tribune.
The meeting was presided over by PITB Chairman Faisal Yousaf who informed the participants that 87 of the successful startups from Punjab, 64 from Sindh, 39 from Khyber-Pakhtunkhwa, 31 from Balochistan and 20 each from Azad Jammu and Kashmir, and Gilgit-Baltistan.
The PITB chairman said the objective of the plan was to democratise entrepreneurship, boost business activity across the country, grow the IT industry and promote economic growth. “The incubation programme is tailored to the needs of early-stage startups and runs on a zero-equity model,” he added.
In partnership with public sector universities, 13 tech incubation centres have been set up across the country, where startups are provided free of charge workspace, mentorship, networking opportunities and stipend.
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