The event has been organized by Momemntum, a global startup community. Speaking on the occasion, Sindh governor said: “I congratulate Momentum for empowering the youth of Pakistan through this initiative.
Over universities are producing thousands of graduates every year, compared to limited vacancies in the job market. Personal ventures and startups are essential to utilize their abilities in a positive manner.
The presence of international tech giants will prove meaningful for the participants. The government is ready to support startups by establishing further incubation centers across Pakistan in a bid to promote peace and a sustainable future.”
Momentum CEO Syed Amir Jafri stated: “The response from the first Momentum Conference has been heartwarming. We received huge appreciation from both the tech fraternity and startups for our efforts. Contrary to the belief that startups only sprout in big cities like Karachi, we have a number of participants joining us from 19 small cities.
We are honored to be hosting extremely noteworthy participants from the tech universe, to name a few we have representatives from Google, IBM, Amazon, Facebook and Microsoft. A few of these delegates are visiting Pakistan for the very first time. We hope their presence helps to enlighten and boost the confidence of our youth to continue working hard."
Momentum's Founding Member Asif Jafri said: “The IT industry of Pakistan is growing at a fast pace across different categories, though the factor of risk management plays a crucial role, as any new business or startup requires an executable plan. People have innovative ideas but are weak in implementation which strangles their dreams. Over 60pc of our population is below 30 years of age, therefore the need of startups is crucial for generating new jobs.
Through this platform, we aim to bring together the experienced and inexperienced to lend a helping hand towards the feeble feet of the youth of Pakistan. In a bid to bridge the gap under the theme of changing mindsets.”
He further added: “The government of Pakistan is also playing its part in promoting startups by exempting them from 3 years of taxes. While National Incubation Centers have been established in Lahore, Islamabad and Peshawar and will very soon launch in Karachi.”