KARACHI: With an objective to connect entrepreneurs on the path to commercialization with industry experts and to promote the exchange of ideas among each other, Karandaaz Pakistan, in partnership with Planet N Group of Companies and the Lahore University of Management Sciences (LUMS), hosted a workshop on the “Challenges in the Startup Eco-system in Pakistan”.
The workshop aimed to engage with key stakeholders meaningfully to discuss the operating environment, deliberate on the challenges in the startup eco-system, and propose strategies to address those challenges. Through the workshop, participants identified common challenges faced by startups and suggested solutions. Broad discussion areas included Curriculum & Awareness, Company Law, Role of Incubators/Accelerators and Exits & IPOs for which working groups were formed.
The workshop showcased the value, economic impact and contribution to entrepreneurial advancements for the development of start-up ecosystem in Pakistan. Nadeem Hussain, Founder & Coach Planet N Group, enlightened the audience about the importance of building an ecosystem by discussing the short comings and areas of improvement.
The workshop concluded with a presentation on the key findings of a report commissioned by Karandaaz Pakistan titled “Seeding Innovation Landscape: A Framework for Rooting FinTechs in Pakistan”. Qasif Shahid, represented FinSurgents, the research partner for this report, and discussed the opportunities and gaps that exist in the FinTech eco-system in Pakistan and the future of digital financial services in the country.
