LMKT has joined hands with INSEAD, a renowned global business school, to launch the XSeed Incubation Program at NIC Karachi. This strategic partnership aims to provide valuable resources and support to aspiring entrepreneurs, assisting in the transformation of their innovative ideas into successful ventures.

LMKT-operated NIC Karachi, funded by Ignite and MOITT, stands as a dedicated center for incubation and startup acceleration. The XSeed Incubation Program, designed for a 12 month-long journey, is all about supporting early-stage startups and helping them grow. Taking inspiration from successful international models, the program follows well-structured frameworks created by INSEAD’s experts in business and strategy.

With a track record of incubating over 299 startups, generating 99,000 jobs, and attracting investments of Rs. 8.1 Billion, NIC Karachi continues to play a pivotal role in Pakistan’s entrepreneurial journey as the largest tech incubator in the country.

This collaboration with industry leaders tailors the program to offer specialized assistance to Pakistani entrepreneurs, positioning them for success in the dynamic business landscape.

“This initiative reflects our commitment to foster the growth and development of the startup ecosystem, which can be a key contributor to Pakistan’s economic prosperity”, said CEO LMKT Atif Rais Khan,

By combining LMKT’s expertise in scalable IT solutions and the global knowledge of INSEAD researchers, we aim to provide aspiring entrepreneurs with a transformative platform to turn their ideas into successful businesses.

Dr. Chiara Spina, Assistant Professor of Entrepreneurship and Family Enterprise at INSEAD, emphasized the collaboration’s importance:

We are excited to join forces with LMKT and NIC Karachi to launch the XSeed Incubation Program. This partnership exemplifies INSEAD’s commitment to fostering real change through entrepreneurship and supporting the growth of innovative companies. By combining our expertise in entrepreneurship and strategy with the vibrant ecosystem of NIC Karachi, we aim to empower Pakistani entrepreneurs and drive impactful change in the startup landscape of Pakistan.”

Faizan Laghari, Project Director at NIC Karachi, highlighted the significance of this collaboration:

Our partnership with researchers from INSEAD and LMKT is a pivotal milestone for NIC Karachi. By harnessing INSEAD’s global network, the XSeed Incubation Program is set to offer invaluable resources to our startup community, driving their growth within Pakistan’s entrepreneurial landscape.”

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 supporting the country’s fast growing economy and rapid urbanization.