LMKT Celebrates Graduation of 35 Startups from NIC Hyderabad and NIC Karachi

On 3rd August 2023, 35 startups successfully graduated from LMKT-operated NIC Hyderabad and NIC Karachi. The graduation ceremonies marked significant milestones in Pakistan’s thriving startup ecosystem, showcasing a diverse range of innovative ventures and entrepreneurial spirit driving the nation’s progress.

NIC Hyderabad’s Graduation Ceremony and 1st Anniversary Celebration showcased the notable achievements of Cohort 3 startups, including 5 led by female entrepreneurs. Esteemed guests from MoITT, Ignite, PTCL, and representatives from various industries attended the event, highlighting the center’s commitment to fostering tech progress in Hyderabad.

Meanwhile, NIC Karachi proudly announced the graduation of 20 startups from Cohorts 8 and 9 in a significant ceremony. The event, organized in collaboration with Ignite and the Ministry of IT and Telecommunication, celebrated the entrepreneurial achievements of the graduating startups.

Mr. Ali Raza, CEO PSEB, acknowledged the inspiring innovation and resilience displayed by the startups in Hyderabad, stating:

Standing among these remarkable startups today, I am profoundly inspired by the waves of innovation and resilience that define our tech ecosystem. Your journey is a testament to the unlimited potential that resides within Hyderabad, and your successes fuel our collective aspirations for a tech-driven Pakistan

Atif Rais Khan, CEO LMKT, celebrated the substantial contribution of LMKT’s incubation network, saying:

LMKT is the largest and the most experienced footprint of incubations in Pakistan that has supported over 500 startups across Peshawar, Karachi, and Hyderabad. After successful incubations of 160 startups in Peshawar and 224 startups in Karachi, we are proud and happy to see our newest center, National Incubation Center Hyderabad, on the path to success with over 70 incubations in just one year, with a great success rate.

Syed Amin ul Haque, Federal Ministry of IT and Telecom, commended the dedication and resilience of Pakistani entrepreneurs stating:

NIC Karachi’s graduation ceremony is a testament to the dedication and resilience of Pakistani entrepreneurs. Karachi, being the financial hub of the country, has witnessed the hard work of NIC Karachi startups as they strive to make a mark in the tech industry. I wish them the best of luck as they embark on their journey of driving economic growth, creating job opportunities, and making Pakistan proud on the global stage.

As the operator of three of the seven National Incubation Centers in Pakistan, LMKT has played a pivotal role in fostering the growth of the startup ecosystem in the country. The graduation ceremonies at NIC Hyderabad and NIC Karachi showcased the hard work, resilience, and innovation displayed by the startups during their incubation periods.

LMKT’s incubation network has been instrumental in spearheading the development and expansion of the startup ecosystem, providing a nurturing environment that empowers young entrepreneurs to turn their ideas into successful businesses.

The innovative ideas and entrepreneurial spirit demonstrated by the graduating startups from NIC Hyderabad and NIC Karachi are set to create a significant impact on the economy and society, paving the way for a brighter future for Pakistan’s startup ecosystem.

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