Federal Minister of Information and Technology emphasised the importance of providing broadband connectivity to remote areas of Pakistan in order to connect start-ups with buyers.
Pakistan’s Ministry of Information Technology and Telecommunication (MoITT) is improving youth skill development so that they can establish effective startups, according to the Federal Minister of Information and Technology.
The second cohort of the Shahjehan S. Karim Incubation Center (SSKIC), IoBM, graduated. The chief guest was the Federal Minister of Information and Technology on Saturday, January 14, 2023.
“The vision is a smartphone for everyone,” the Federal Minister added. He emphasised the importance of providing broadband connectivity to remote areas of Pakistan in order to connect start-ups with buyers. This will allow online businesses to reach a larger audience in Pakistan. “Women’s participation in start-ups should be increased to 50%,” he added.
“IoBM provides seed money to start-ups incubated at the SSKIC,” Talib Karim stated during the Welcome Address. SSKIC, he said, focuses on technology because it is the future of industries. Such technological ideas, he believes, will eventually evolve industries.
“Innovation happens when you have to solve problems,” said IoBM Advisor Mehboob Karim.
“We must constantly innovate in order to emerge from the various sectors’ crises.” Chancellor of the IoBM Bashir Janmohammad stressed the importance of entrepreneurs working in agriculture to increase yield, which will improve our exports.
Burhan A. Saiyed, Head of SSKIC, IoBM, stated that SSKIC received over a hundred applications for Cohort 2 from across Pakistan. “These ideas were screened based on their scope of innovation and sustainability.”
“SSKIC‘s mindset must be appreciated for addressing the shortcomings of startups in order for them to become successful business ventures,” said Valedictorian Ms. Maira Siddiqui, Founder, Chiragh Education Technologies.
Developing the skills of young people to establish effective startups and improve their employability is an important step in promoting entrepreneurship and innovation in the country, as well as addressing the issue of youth unemployment.
By providing training and resources to young entrepreneurs, the government hopes to create new business opportunities, increase economic growth, and contribute to the overall development of the country.
Additionally, providing such training can lead to the establishment of new companies that can innovate, increase efficiency, and add to the economy.