Categories: News

P@SHA Launching a Tech Incubator with funding of 1.37 Million USD

We recently reported on TechJuice about a possible announcement of P@SHA and Google’s partnered Tech Incubator in Karachi. When we reached out for further details, they declined to comment. However, we knew from reliable sources that an official announcement shall be made at P@SHA ICT Awards 2014 event.

Jehan, during the P@SHA ICT annual conference, did mention that there a few surprising announcements for the audience at Awards Night. Just after the announcement of winners from two award categories, Jehan Ara, the founder of P@SHA, made the Tech Incubator official.

P@SHA is going to launch The NEST I/O – a tech incubator in Karachi in a few weeks. It will be launched with a huge support from Google, Samsung and US Department of State. So far NEST has raised 1.372 Million US Dollars from Google, Samsung and US Department of State. This is also the first partnership of its kind anywhere in the world by Samsung. Additionally, the NEST I/O will partner up with 28 TechHub Incubators which are supported by Google globally. So the incubated teams will have access to all these incubators throughout the world.

According to Badar Khushnood, who is the country consultant for Google Pakistan, it is Google’s first on ground investment in Pakistan.

Jehan Ara, further mentioned, that a few other organizations and individuals are interested in partnerships and support. They are ready to invest as much as 250 thousand US Dollars per year. P@SHA, taking advantage of this flagship event, has invited everyone to partner and help in running the tech incubator.

Jehan mentioned that Nest I/O is the outcome of years of hardwork. The location and further details of incubator isn’t being shared yet.

Sponsored
Sarwat Fatima

Sarwat is a journalist and DIY enthusiast. She loves writing about Startups and Businesses. She is heading Islamabad and surrounding areas for news coverage.

Leave a Comment
Share
Published by
Sarwat Fatima
Tags: P@SHA

Recent Posts

Pakistani Passport Continues to Rank Among the Worst in the World

According to the most recent Henley Passport Index, Pakistan's passport is still one of the…

7 hours ago

November 9 Approaches: Will Iqbal Day Be a Public Holiday This Year?

As Iqbal Day approaches on November 9, Pakistan prepares to honor Allama Iqbal, the celebrated…

7 hours ago

Most Wanted Human Trafficker Taken Into Custody

GUJRAT: According to the Gujrat circle of the Federal Investigation Agency (FIA), they have arrested…

8 hours ago

Air Sial Starts Weekly Flights from Islamabad to Riyadh

Air Sial, one of Pakistan's leading private airlines, has officially launched its weekly flights from…

8 hours ago

Important Update on Profit Rates for Savings Schemes 

On Friday, the government stated that from November 4th, 2024, profit rates on National Savings…

10 hours ago

Pakistan to Legalize Bitcoin and Cryptocurrency Through SBP Act Amendments?

The federal government has proposed amendments to the State Bank of Pakistan (SBP) Act aimed…

10 hours ago