The National Incubation Center, Peshawar hosted its 3rd Graduation Ceremony on 30th March 2022, to celebrate the achievements of its fifth and sixth cohort startups. Mr. Taimur Khan Jhagra (Minister for Finance & Health, Khyber Pakhtunkhwa) was the Chief Guest at the ceremony. He was accompanied by the political leadership from KP, LMKT team and other dignitaries.

NIC Peshawar is an initiative of Ministry of IT and Telecommunication, funded by Ignite, and operated by LMKT in collaboration with PTCL. Since its inception, NIC Peshawar has played a monumental role in the development of the entrepreneurial ecosystem in Khyber Pakhtunkhwa. It has not only contributed towards the growth of local startups but has also helped in uplifting the regional economy.

The startups that are graduating out of the fifth and sixth cohorts have built innovative and disruptive solutions for a diverse set of industries including education, health, e-commerce, lifestyle, transport, gaming, and delivery services. In a limited span of two years these startups have created an unprecedented social impact by generating more than 1989 direct and 1790 indirect employment opportunities, raising more than PKR 608 Million in investments and registering a revenue growth over PKR 403 Million.

Addressing the ceremony, Mr. Taimur Khan Jhagra said,

”The overall economic landscape of Pakistan is evolving and it gives me immense pride that these major shifts are taking place within KP. With the help of supporting policies established by government, we look forward to seeing a significant boom in businesses, innovation and entrepreneurship”.

On the occasion, Mr. Atif Rais Khan (CEO, LMKT) added,

“Seeing the progress of the NIC Peshawar’s startups is a reward for the LMKT team. LMKT is one of the biggest promoter of entrepreneurship and has a significant foot print of incubation centers across Pakistan in efforts to promote innovation, business and creativity.

Mr. Asim Ishaq Khan (Director, NIC Peshawar) was grateful to all the dignitaries, participants and guests for supporting and encouraging the graduating startups. In his address Mr. Asim said,

“The efforts and dedication of these innovators are impeccable. Entrepreneurship requires great resilience and these startups have shown nothing less. I am so proud to witness this day and see our startups grow bigger and bigger. NIC Peshawar is proud to be a key part of the entrepreneurial ecosystem and a nurturing partner for the startups”.

NIC Peshawar is steadily working on its mission of Igniting the Spark of innovation and disruption in KP and aims to bring about a transformational leap in the regional economy.