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Following a highly competitive and rigorous selection process, which attracted over 500 applications and included 160 startup pitches, the selected ventures represent some of the most innovative and high-potential ideas from across the country. NIC Karachi, managed by LMKT in partnership with Lucky Landmark Pvt. Limited and global acceleration partner Orbit Startups, aims to provide these startups with the tools, mentorship, and strategic support required to scale sustainably.<\/p>\n
Funded by Ignite National Technology Fund, NIC Karachi continues to serve as Pakistan\u2019s largest incubation center and startup accelerator. Over the years, the center has played a pivotal role in strengthening the entrepreneurial landscape, with its incubated startups collectively creating over one million jobs, generating more than Rs12 billion in revenue and raising Rs13 billion in investment.<\/p>\n
Through its collaboration with Orbit Ventures (one of the leading international venture capital firms) operating in Pakistan, Cohort 15 will benefit from enhanced mentorship, structured capacity-building programmes, and increased access to global networks and capital. This partnership is designed to equip founders with the knowledge, resources, and connections needed to scale both locally and internationally.<\/p>\n
Muhammad Bilal Abbasi, General Manager Projects at Ignite, shared his insights on the rapid expansion of Pakistan\u2019s startup ecosystem and its growing recognition on the global stage. He highlighted that Ignite\u2019s National Incubation Centers (NICs), established across major cities, had evolved into dynamic hubs of innovation and entrepreneurship, fostering the development of product-driven startups with a strong emphasis on deep-tech and advanced technological solutions. He noted that these centers were not only enabling innovation but also playing a critical role in strengthening Pakistan\u2019s export potential by supporting scalable, technology-focused ventures. Abbasi further emphasized that through targeted mentorship, access to funding, and market linkages, NICs were equipping startups to build globally competitive products, drive digital transformation, and contribute meaningfully to the country\u2019s knowledge-based economy.<\/p>\n