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Following you will find the key points from the report. >>
Methodology
The report was prepared using guidelines from the Aspen Network of
Development Entrepreneurs (ANDE) Toolkit
The report is based on the 119 responses received with help from partner
organizations such as Organization of Pakistan Entrepreneurs (OPEN), The
Indus Entrepreneurs (TiE), AllWorld Network, the Pakistan Software Houses
Association for IT & ITES (P@SHA), and the U.S. Pakistan Womens
Council along with interviews conducted with 15 leading entrepreneurs and
stakeholders in the country.
The target audience of the survey was based in urban areas and Pakistans
major cities Lahore, Karachi and Islamabad. Respondents were mainly from
the IT sector.
Ecosystem Map
Platforms like Khan Academy, Coursera, Udacity, EdX has helped in online
learning and provided access to high-quality education content.
Ecosystem Map
The ecosystem can be divided into two direct domains for analysis finance
and support, from which initiatives from government, foundations,
corporations, investors, universities, and entrepreneur support organizations
(incubators, accelerators, coworking spaces, competitions, industry
associations, and forums) are listed in relation to the life cycle of an
[opportunity] entrepreneur (1) idea stage (2) early stage and (3) growth stage.
Finance
The Punjab Government has helped boost the economic activity of startups
by setting up PITB (Punjab Information Technology Board), which has
launched various innovative initiatives such as Plan9 incubator, Plan9
TechHub and IT Training Academy.
Corporations such as Shell and Google have been active in this space with
the Shell Tameer initiative and GBG/GDG respectively.
Finance
Support
There are number of competitions and forums within Pakistan that are
mostly local chapters of global brands (Startup Weekend, Startup Cup,
Startup Grind etc).
There is still a major capital gap for startups looking for early-stage
investment, either from angel investors or formal VC funds.
Over the last couple of years, a lot of activity has increased in the
entrepreneurial space thanks to incubators, coworking spaces, accelerators,
industry associations, competitions and forums but the main challenge is to
keep the activity persistent and to keep the startups engaged and on track
and build a strong pipeline for businesses.
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Contact
Saad Hamid