LMKT celebrated the six-year milestone of NIC Karachi, Pakistan’s largest tech incubator and startup accelerator. The event, held on February 20, 2024, also marked the graduation of 50 startups from Cohort 10 and 11, highlighting the success of Pakistan’s startup ecosystem.

In a joint effort with Ignite – National Technology Fund, LMKT oversees NIC Karachi, along with NIC Hyderabad and NIC Peshawar, as part of a public-private partnership.

Since its inception, NIC Karachi has been instrumental in nurturing and accelerating entrepreneurial ventures by providing guidance, training, and financial support. The impact of NIC Karachi’s initiatives is evident, with 299 startups incubated, offering over 1 million employment opportunities, and investments totaling Rs. 8.1 billion.

During the celebration, Ahmad Junaid, Program Manager of NIC Karachi, expressed optimism about the future, stating,

“NIC Karachi has witnessed exponential growth over the past six years, firmly establishing itself as Pakistan’s premier startup hub. With the privilege of supporting 299 startups, our efforts have culminated in the creation of over a million jobs and substantial revenue generation. We are deeply gratified by our achievements and remain committed to advancing our mission of fostering innovation and nurturing entrepreneurial success in Pakistan.”

Atif R. Khan, CEO of LMKT, reaffirmed the company’s commitment to supporting startups and contributing to Pakistan’s development.

“We take immense pride in NIC Karachi’s journey to become Pakistan’s largest startup incubator. LMKT is eager to continue its efforts in supporting startups across Pakistan, fostering their growth and success in the entrepreneurial landscape of the country. NIC Karachi will continue to drive innovation and entrepreneurship in the coming years. We look forward to supporting startups and contributing to Pakistan’s prosperity.”

Bilal Abbasi, General Manager of Ignite said,

“Ignite has played a key role in establishing incubation centers nationwide. With eight centers like NIC Karachi operating across the country, we’ve seen significant economic growth, job creation, and investor interest. We are now expanding our focus into various verticals, reaffirming Ignite’s commitment to opening more sector NICs. We extend our heartfelt congratulations to NIC Karachi for achieving remarkable success.”

The celebration concluded with networking sessions, enabling graduating startups to connect with mentors and industry leaders, further solidifying NIC Karachi’s role as a catalyst for innovation in Pakistan.

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, technology incubation, and agri-tech solutions in its pursuit to supporting the country’s fast growing economy and rapid urbanization.