Addressing the inaugural graduation ceremony hosted by National Incubation Centre (NIC) here on Thursday, he said that NIC Peshawar was taking part in a major role in reworking the startup scheme of the region.
According to an announcement, the graduating startups at NIC created over 470 direct and one,900 indirect jobs, raised over Rs192 million in investment and magnified their revenue to over Rs120 million.
Federal Minister for Information Technology and Telecom Dr. Khalid Maqbool Siddiqui, who was guest of honor at the ceremony, said that graduating startups of NIC Peshawar lived up to the quality of KP traditions that were known for their liveliness.
“I am certain that KP youth can set new standards for his or her peers from across the country. it’s very inspiriting to check the full-blown ideas starting from fashion to health, AR/VR and education generating healthy revenues,” he said.
Operated by IT solutions company LMKT unitedly with PTCL, NIC Peshawar is an initiative funded by Ignite and Ministry of IT and Telecom. Since its inauguration in January 2018, NIC Peshawar has competed for a monumental role within the development of KP’s entrepreneurial surroundings. The center has added significant worth to the province’s economy by enhancing the expansion potential of the region’s native businesses.
The fourteen graduating startups from NIC actually showcased the variety and depth of talent in KP. Belonging to a large array of sectors together with education, health, AR/VR, e-commerce, lifestyle, eco-friendly transportation, gaming, and delivery services, these startups have already created their mark through turbulent and innovative ideas.
Yusuf Hussain, the CEO of Ignite, said that the success of NIC Peshawar was the result of coming up with and execution with passion, rigor, and high ethics.
Atif Rais Khan, the CEO of LMKT, said that NIC Peshawar was proof that investment in human capital paid monumental dividends.