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World Bank stresses need for stronger innovation ecosystem

ISLAMABAD: The Investor Connect Event (ICE25) in Islamabad showcased Pakistan’s thriving startup ecosystem, drawing industry leaders, investors, and policymakers to explore emerging business opportunities.

With over 50 startups exhibiting their cutting-edge solutions, the event hosted by Higher Education Commission Pakistan highlighted the country’s growing potential in innovation-driven entrepreneurship.

A major attraction of ICE25 was the Investor Pitches, where five high-potential startups presented their groundbreaking ideas to a distinguished panel of investors and venture capitalists. These pitches sparked discussions on market scalability, investment feasibility, and industry relevance, offering promising startups a launchpad for securing funding and strategic partnerships.

World Bank’s Country Director for Pakistan, Mr. Najy Benhassine, emphasized the need for a collaborative approach to foster a robust startup ecosystem. “Innovation and economic growth thrive when key stakeholders—government, academia, and the private sector—work in synergy,” he stated.

“Sustainable progress depends not only on strengthening existing industries but also on nurturing new enterprises that introduce transformative ideas to the market.” He expressed confidence that such initiatives will empower young entrepreneurs with the resources and mentorship necessary to translate their visions into viable businesses.

The start-up exhibition served as a pivotal platform for Pakistani startups to present their ideas, interact with potential investors, and gain industry insights. 

Chief Guest Dr. Sohail Naqvi emphasized the importance of risk-taking and applied research in driving innovation. HEC Chairman Dr. Mukhtar Ahmed reiterated HEC’s dedication to fostering a startup-friendly environment within academia. 

A keynote address by RapidSilicon CEO Dr. Naveed Ahmed Sherwani provided valuable insights into Pakistan’s startup ecosystem, comparing it with global benchmarks. Panel discussions explored the role of incubators and the significance of deep tech investments, further enriching the discourse.

Investor Connect: One-on-One Office Hours enabled direct networking between startups and investors, facilitating meaningful business connections. The event concluded with a cultural Gala Dinner, offering international guests a glimpse into Pakistan’s artistic heritage.

ICE25 reinforced Pakistan’s growing reputation as a startup hub, providing entrepreneurs with the exposure and investment opportunities needed to scale their ventures. The event set the stage for future collaborations, strengthening the country’s entrepreneurial landscape.

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