According to a press release, “The Startup Struggle” was held by Velocity. Velocity is a Telenor Pakistan’s accelerator program. The Startup Struggle was a powerful event that was attended by entrepreneurs and the young startups.
The event highlighted the problems like:
》Why startups fail?
》What must be done to help startups succeed in the Pakistani market?
The event was graced by four prestigious mentors.
1) Usama Shahid – ex CEO and Founder of Meri Taleem,
2) Junaid Malik – Founder of NutriNysa and Raise d’Bar,
3) Shehryar Hydri – Director of Marketing and Operations at Convo,
4) Jeremy Higgs – Co Founder of Eco-Energy.
Besides them from all across Pakistan 80 Pakistani startups related to different types of setups, joined the dynamic event.
The event activity featured the stories of entrepreneurs and startups that had experience either failure or success. They also spoke about the struggles they did to achieve their goal. Moreover they discussed recoupment. The 5 hours of the group activity did not only feature the stories but it was a great platform for people associated with entrepreneurial system of Pakistan to discuss the problems and best possible solutions for their problem in presence of mentors.
In the event the main thing that was highlighted was that the basic reasons the startups in Pakistan do not achieve popularity the success they aim for include inadequate funding, bad launch timing, compromised quality of product, a weak business model or absence of it, and above all, lack of passion.
It is a fact that to hit it big it is important to work hard, be determined and have all necessary sources. The idea is not just enough to run a successful company.
Since years now many accelerators have sprung up in Pakistan and they a running successfully. The main reason for this is that there are many new startups and people are attracted towards the entrepreneurial field.
Telenor Velocity has made many efforts to solve issues and has helped many startups but unfortunately only dew names can be seen on the success graph. This indicates that there is a need for programs to hold more events like this to help entrepreneurs.
“Telenor Velocity” is Telenor Pakistan Startup Accelerator. The main aim of the program is to help the startups to reach market within six months. Telenor Velocity makes it possible by accessing Telenor Pakistan’s scale and assets including data analytics, retail and digital distribution network, API platform and online payments solution.
This is not the only one step taken by Telenor to promote the digital technology in Pakistan. The company has tried to take many initiatives to promote the digital technology in Pakistan and so far has remained successful over r the period of almost 12 years.
Telenor Pakistan is one of the top telecommunication services that run successfully in Pakistan. The service started in 2005 and since then it has managed to bag over 39 million subscribers. More than 2,500 employees work in the company.