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HomeEconomyDR. UMAR SAIF OFFICIALLY LAUNCHES RS. 2 BILLION PAKISTAN STARTUP FUND TO...

DR. UMAR SAIF OFFICIALLY LAUNCHES RS. 2 BILLION PAKISTAN STARTUP FUND TO BOOST TECH INNOVATION

09 Jan 2024: Caretaker IT Minister Dr. Umar Saif nay aaj official taur par Rs. 2 arab Pakistan Startup Fund (PSF) ka aghaz kia, jo har saal Pakistani startups mein Rs. 2 Arab tak fund karega. Ye fund ek equity-free capital ke taur pe utilize hoga, jo ek startup ke liye VC round ko poora karne mein madad karega. PSF ka maqsad hai startup ko uski pehli external investment hasil karaane mein madad karna.

Agar aap Pakistan mein ek startup hain aur koi foreign VC aapke startup ko $1 million ki investment karne ki soch raha hai, to VC ko sirf $700k invest karna hoga — Pakistan Startup Fund aapko $300k ka grant dega taa ke aapka round poora ho sake. Hum aapke startup mein koi bhi hissa ya share nahi lenge, na hi koi board position, etc.

PSF ka maqsad hai ke international investors ko Pakistani startups mein invest karne mein kam risk ho; jab humne aapko cheque diya hai, to hum aapko bilkul bhi pareshan nahi karenge .. hum aap par bharosa karte hain aur aapke VC investors ko aapki kamiyabi ko barhaane mein madad kartay hain.

PSF ke zariye hum umeed karte hain ke Pakistan ke startup ecosystem mein kam se kam Rs. 50 Arab ki value create ho.

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