UAE Jobs

8 NIC Startups Exhibit at LEAP Tech Convention 2023 in Saudi Arabia


The second version of the worldwide know-how convention LEAP was held in Riyadh, Saudi Arabia from the sixth to the ninth of February to handle the long run challenges utilizing know-how.

Persevering with with its custom of fueling Pakistan’s startup ecosystem, Ignite Nationwide Know-how Fund, a public sector firm with the Ministry of IT & Telecom, participated on this yr’s LEAP Tech Convention 2023 in Saudi Arabia with eight promising startups from its completely different Nationwide Incubation Facilities (NICs). NIC startups collaborating in LEAP included Valeem (Edtech), DigiKhata (retailtech), Traders Lounge (fintech), Blockship (Edtech), Datini Fibres (cleantech), AgriDunya (agritech), MyTM (fintech), and Gridizen (proptech).

The occasion additionally held “The Rocket Fuel Startup Competition” the place startups exhibited & pitched their concepts to a panel of judges, angels, enterprise capitalists, and authorities stakeholders. LEAP’s Rocket Gas Startup Pitch Competitors had six completely different classes and an award for every one. The six awards divided the start-up entrants by measurement, scale, the impression they’ve had on society, quantity of funding, years in enterprise, and variety of staff. This offered a possibility to win complete awards value $1 million for startups.

Out of 90 startups that pitched within the Rocket Gas Startup Pitch Competitors, 4 NIC startups together with MyTM, DigiKhata, Valeem, and Gridizen certified to pitch within the semifinals of LEAP’s Rocket Gas Startup Pitch Competitors.

Appreciating the sponsorship of Pakistani startups by DCO at LEAP 2023, CEO Ignite, Asim Shahryar Husain, stated “It is a proud moment for Ignite and its NICs that 4 out of 8 NIC startups got selected for the semifinals of Rocket Fuel Startup Pitch Competition. LEAP has provided a global platform for Pakistani startups to pitch their business ideas and products to foreign investors. The upward trajectory of foreign investments in Pakistani startups during the last two years reflects the confidence of foreign investors in the growth potential of Pakistani startups, especially in verticals such as e-commerce, fintech, and retailtech.”

The occasion was very helpful for Ignite’s NIC startups by producing new enterprise and funding leads for them which will help them scale up additional particularly within the MENA area. LEAP Tech Convention offers the chance to get along with 100,000+ tech innovators, inspiring pioneers from international start-ups, enterprise capitalists, and main consultants from all over the world to find new concepts, to construct new partnerships, and join with inspiring mentors and traders. It concerned over 700 audio system from completely different international locations starting from know-how and synthetic intelligence leaders to footballers turned tech fans to traders with multi-million greenback portfolios.

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