Karandaaz Pakistan, Planet N Group of Companies and Lahore University of Management Sciences (LUMS) joined hands to host a workshop under title of “Challenges in the Startup Eco-system in Pakistan”.
The aim of the workshop was to being together entrepreneurs so that they can share ideas. Workshop wanted to connect entrepreneurs on the path to commercialization with industry experts. The workshop proved to be successful. As the participants came to know about common challenges faced by startups and with discussion easy solutions were suggested. The areas that were discussed are:
1) Curriculum & Awareness,
2) Company Law,
3) Role of incubators/Accelerators and Exits & IPOs.
For the discussion of the topics groups were formed. The founder and Coach Planet of N Group, Mr. Nadeem Hussain highlighted some potential areas of improvement they can be solved by promoting entrepreneurial culture. This way it will be easy to maintain economy problems.
Mr. Ali Sarfraz the CEO of Karandaaz Pakistan said,
“Active collaboration and engagement between startups and eco-system enablers, such as incubators, accelerators and policymakers, is critical in order to develop a comprehensive understanding of the challenges faced by aspiring and existing entrepreneurs and developing creative solutions. We believe that this workshop organized by Karandaaz Pakistan in collaboration with Planet N and LUMS Center for Entrepreneurship will inspire scalable programs to empower youth in the region.”
At the end of the program a presentation titled “Seeding Innovation Landscape: A Framework for Rooting FinTechs in Pakistan” summarized all the findings of the report submitted by Karandaaz. Qasif Shahid presented it and discussed the possibilities and opportunities FinTech eco-system in Pakistan and the future of digital financial services in the country have.
The event was graced by presence of worthy guests that included people from public and private organizations also representatives from government sector were also present.