Launch of The Nest I/O Tech Incubator and Startup Space

Karachi, January 15, 2015 (PPI-OT): Karachi is a city of 25 million. It attracts people from across Sind and across Pakistan who dream of building a better future for themselves and their families. Opening The Nest I/O, an incubator and start-up space in Karachi, is intended to help some of these young dreamers turn their dreams into reality.

Across Asia home-grown technology companies have been seen to expand and succeed. While there’s been amazing growth of the Pakistani start-up community in recent years, there’s still a great deal of potential that remains untapped.

When recent local-born innovations and start-ups like Convo, Eyedeus Labs,The Markhor and RemoteInterview.io pave the way and flourish in local and global markets, it gives hope to other young people in the tech community who aspire to start and run their own businesses thus creating value for themselves, jobs for others and much-needed wealth for the country.

By opening The Nest I/O, the Pakistan Software Houses Association for IT and ITES (P@SHA), in partnership with Google for Entrepreneurs and Samsung and with support from the U.S. State Department, is expanding its support to the Pakistani tech start-up community.

This was the combined message emanating from the speeches made by Ann Lavin, Head of Public Policy at Google Inc Asia/Pacific, J.H. Lee MD of Samsung Pakistan, Brian Heath US Consul General Karachi and Jehan Ara President of P@SHA at the launch event of the vibrant and dynamic start-up space this evening.

The Nest i/o’s 6,500 sq ft of physical space will provide a home for entrepreneurs where they’ll have access to mentors, training and community events as well as access to current technology platforms and products for developing and testing. Showcasing innovative products to potential investors and customers is also a part of the vision of the new tech incubator.

In their first year of operation, The Nest i/o plans to support over 50 residential start-ups, provide support to dozens more externally incubated start-ups and provide a community space that will create an impact for hundreds more.

As part of the Google For Entrepreneurs global community, this hub will be able to provide start-ups in Karachi the opportunity to freely sit and connect with over 30 start-up hubs around the world from Campus London to iHub in Nairobi and avail of the expertise of tech experts from the Samsung and Google network.

It is hoped that The Nest I/O will provide the needed support to Pakistan’s next wave of entrepreneurs. Interested start-ups can apply to http://thenestio.com.

For more information, contact:
Nafisa Gabaji
Communications Executive
Pakistan Advertisers Society (PAS)
2nd Floor, 6-C, 7th Commercial Lane,
Zamzama, Phase V, DHA
Karachi – Pakistan
Tel: +92-21-35836072
Fax: +92-21-35836073
Email: secretariat@pas.org.pk, nafisa.gabaji@pas.org.pk
Website: www.pas.org.pk

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