The CEO of Ignite, Asim Shahryar Husain, stated that over the past two years, Pakistani startups have raised $733 million in investments.
London Tech Week 2023, a week-long festival that brings together the brightest minds in technology from around the world, will take place at the Queen Elizabeth II Centre in London from June 12–16, 2023.
To examine the most recent technological advancements and trends, it brings together business leaders, innovators, entrepreneurs, investors, and policymakers from around the world.
Ignite National Technology Fund, a public company affiliated with the Ministry of IT & Telecom, participates in London Tech Week 2023 by showcasing six exciting startups from its various National Incubation Centers, continuing its tradition of supporting Pakistan’s startup ecosystem (NICs).
Xylexa (NIC Islamabad), CricFlex (NIC Islamabad), EyeSmarty (NIC Peshawar), CalCart Technologies (NIC Islamabad), Gridizen (NIC Karachi), and SLOSH AI Solutions are among the NIC startups taking part (NIC Islamabad). Mr. Moazzam Ahmad Khan, the High Commissioner of Pakistan to the UK, met Pakistani startups at the event and praised their efforts and passion for generating new leads for future sales and investments.
With the aid of Artificial Intelligence (AI)-powered algorithms, Xylexa (www.xylexa.ai) helps radiologists diagnose and interpret medical images for their patients in a precise, efficient, and affordable manner. Cricket bowlers’ performance can be evaluated using a wearable sleeve from CricFlex (www.cricflex.com).
To give feedback on how to perform better, it tracks arm angles, force, speed, spin, action time, run-up speed, distance, and time.
EyeSmarty (www.eyesmarty.com) is an AI-based platform that provides an unmatched tool for in-depth work record analysis while monitoring and evaluating employee productivity and performance.
The smart cart product from CalCart Technologies (www.cal-cart.com), powered by AI, brings the best of online shopping to traditional grocery stores.
A pilot test contract with Calcart has been signed by a significant global supermarket chain. Housing associations, property managers, agents, and landlords can all benefit from Gridizen, a SAAS-based property management solution. To prioritise chest x-rays, SLOSH AI Solutions offers AI-powered teleradiology.
The CEO of Ignite, Asim Shahryar Husain, stated that over the past two years, Pakistani startups have raised $733 million in investments.
The total valuation of Pakistani startups is estimated to be around $3.2 billion at present and is anticipated to reach $10 billion by 2030 or earlier, taking into account that they have raised more than $800 million over the last five years against average equity of 25%.
The upward trend in foreign investments in Pakistani startups between 2021 and 2022 is evidence of the demand for our startups among foreign investors.
This year’s Forbes 30 under 30 Asia list included two founders of Pakistani startups: Bioniks (healthtech) and Kalpay (fintech), showcasing the nation’s budding entrepreneurial talent. Startups have the chance to showcase their products at events like Londontech Week in order to find partners, customers, and investors.
The centre of innovative innovation and future tech frontiers is London Tech Week. The cornerstones are UK entrepreneurship, enterprise solutions, and inclusion.
Artificial intelligence, cybersecurity, fintech, health tech, digital transformation, smart cities, and other areas of the technology industry are covered. The gathering offers Ignite’s NIC startups a great opportunity to network, collaborate, and explore new business opportunities around the world in search of collaborators, clients, and investors.