The eco-system of startups in Pakistan has grown to a great extent in recent years. A number of startup incubation centers have been launched to enrich and nurture the mind-blowing startups in their initial stage. Considering this, Telenor has set up its plans to launch its own startup incubation center in Pakistan. All the homework is almost done and the telco will soon be announcing its launch.
Telenor’s startup incubation center will be utilizing own resources, technical solutions and support tools to help startups in building their products or services. Further details reveal that Telenor’s Incubation Lab will not be a conventional incubation center. Rather, it will play the role of collaborative facility available to various incubators across the country. Through partnership, Telenor will be inviting certain existing incubation programs to access its advanced tools and solutions.
The telco is already partnering with OPEN (Organization of Pakistani Entrepreneurs), TIE and Founders Institute to develop startups in the country. In an interview to ProPakistani, Deputy CEO of Telenor Pakistan Mr. Irfan Wahab Khan said,
In addition to giving these startups an access to our assets, such as distribution channels, retail network, Telenor Pakistan has bundled a tool-kit with payment, location and other similar APIs, that will be made available to these selected startups.
Selected startups will be able capitalize Telenor’s experience in preparing their products and leverage the reach and access of Telenor’s assets with over 220,000 retail outlets, over 1,000 exclusive service centers and franchises, variety of payment solutions and big-data analytical tools that are exclusively available with Telenor Pakistan only.
There is no exact date regarding the launch of Telenor’s startup incubation center. The startups will be able to capitalize on Telenor’s expertise, assets and reach, payment solutions and data analytical tools.