LMKT has signed a Memorandum of Understanding (MOU) with the German Emirati Joint Council for Industry & Commerce (AHK) to explore opportunities for collaboration between the startup and tech communities of both countries.

The signing ceremony took place at National Incubation Center Karachi (NIC Karachi), where a delegation from the German Consulate Karachi, led by His Excellency, Consul General of the Federal Republic of Germany, Dr. Rüdiger Lotz, was present to witness the signing of the MOU.

Under the MOU, LMKT and AHK will collaborate on various activities, including the Startup Germany Tour program, which aims to promote Germany as a startup destination for Pakistani startups and explore possibilities of conducting a startup hackathon in partnership with German companies and diplomatic missions in both countries. The parties will also work on creating options for connecting startups from both countries through an event on the sidelines of Tech and startup events in the UAE such as GITEX.

Commenting on the partnership, Faisal Jamil, Director Strategy LMKT, expressed his enthusiasm, stating,

“We are delighted to partner with the German Emirati Joint Council for Industry and Commerce to promote cross-border collaboration. Free flow of ideas across geographies is crucial for innovation, and we hope that this partnership will provide a great platform for startups in both countries to connect, exchange knowledge, and explore business opportunities.“

His Excellency, Dr. Rüdiger Lotz, Consul General of the Federal Republic of Germany, also expressed his delight in deepening partnerships and exploring new opportunities for collaboration between the startup ecosystems of both countries, saying,

“Our world is becoming increasingly interconnected, and partnerships like this one between both countries are a powerful way to drive progress and innovation. By working together and learning from one another, we can create new opportunities and strengthen our economies for the benefit of all.”

Oliver Oehms, CEO German Emirati Joint Council for Industry and Commerce, also spoke positively about the partnership,

“By working together, we can create new opportunities and strengthen our economies for the benefit of all.”

Lastly, Sana Shah, Head of the Program National Incubation Center Karachi, added,

“NIC Karachi is honored to have hosted the esteemed delegation from the German Emirati Joint Council for Industry and Commerce (AHK), and the signing of the MOU with LMKT-operated NICs will lead to more collaborations between startups from both countries.”

The signing of the MOU is a significant step forward in building stronger ties between the startup ecosystems of both countries. LMKT looks forward to more collaborations to support the growth and development of startups in the region.

About LMKT:

LMKT is a full-service technology company based out of Pakistan offering scalable IT solutions. Formally incorporated in 2010 the company has a pedigree of nearly three decades. LMKT specializes in smart cities, smart buildings, integrated security, e-governance, clean technology and agri-tech solutions in its pursuit to support the country’s fast growing economy and rapid urbanization.