US and Mindstorm Studio Partner to Empower Khyber Pakhtunkhwa Youth in Digital Gaming Industry
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Federal Minister for Information Technology Dr. Umar Saif has officially launched the Pakistan Startup Fund with an initial allocation of Rs 2 billion. The fund aims to accelerate venture capital investment in the country and provide financial assistance to startups. Each startup will receive 30% support from the fund, with the remaining 70% contributed by venture capitalists. Currently, Pakistan has over 4,000 active startups supported by eight National Innovation Centers. These startups have already attracted nearly $800 million in foreign investment over the past four years, highlighting the country's potential in the startup ecosystem. The Pakistan Startup Fund is expected to create a value of at least Rs 50 billion per year in the startup ecosystem, leading to increased technological ...
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