Press Announcement – Dateline Karachi – 15th November 2014
Sind’s coastal belt is home to 15 million young people with dreams and talent – dreams that need to be tested against commercial and technological realities and converted into ideas that can stand on their own. A city like Karachi is a perfect fit for a Technology incubator that can serve as a bridge between talent, opportunity & commercial development.
P@SHA, with its global partners, is in the process of launching the largest technology incubator in Karachi. The Nest i/O – the new technology incubator – will be a welcome addition to our vibrant city and will be open for business in the first week of December, 2014.
Made possible due to the generous support provided by P@SHA’s global partners Google for Entrepreneurs and Samsung and through a federal assistance grant from the US State Department, the P@SHA technology incubator will service 50 plus technology teams and provide co-working space to an additional 700 technology entrepreneurs during its first year of launch.
Part of P@SHA’s long term vision and policy, the incubation project has been under development for the last three years and is a natural extension of P@SHA’s effort to help grow the technology entrepreneurial community in the country.
“The funding provided by our Partners is of course necessary and has enabled us to launch such an ambitious project”, said Jehan Ara, President of P@SHA “but more important than the grants is the support and outreach that technology giants Google and Samsung will be able to provide to product teams with potential.”
Commenting on the upcoming launch, Google for Entrepreneurs Senior Partnerships & Programs Manager Bridgette Beam said “Pakistan has leading talent and a thriving entrepreneurial spirit. We’re excited to connect great entrepreneurs from The Nest to startups and communities around the world through the Google for Entrepreneurs network. There are big things ahead for startups in Karachi with The NEST.”
M Saad ul Hasan Head Corporate Marketing at Samsung Pakistan added: “At Samsung we measure our success not only in our business achievements, but also by how well we serve our community.The NEST will help create new possibilities for people to become those relentless discoverers that define the future of the world that we live in, since that is what Samsung is all about.”
For further information, please contact:
Jehan Ara, President
Pakistan Software Houses Association for IT & ITES (P@SHA)