KARACHI: The National Incubation Centre (NIC) Karachi has officially launched its first-ever structured acceleration programme in partnership with Orbit Startups, one of the leading global venture capital firm in emerging markets.

According to a press release, the programme will accelerate 10 highpotential startups annually, offering global mentorship, milestonedriven funding, and visibility to international investors, positioning NIC Karachi as a strategic player in the global innovation landscape.Through the three-month accelerator, each selected startup will receive up to Rs5 million in milestone-based grants.

It said as Pakistan`s largest tech incubation platform under the Ministry of IT & Telecom and funded by Ignite, the NIC-Karachi continues to push the boundaries of innovation. With this new programme, it signals its evolution from a startup launchpad to a growth-stage acceleration powerhouse, fully aligned with national economic priorities and global inno-vation trends.

`With a young, digital-first population, Pakistan is going through a technology-driven economic transformation. We`re excited to team up with NIC Karachi to bring Orbit`s global ecosystem and hands-on supportto thisnextgeneration offounders who can lead in Pakistan and win globally. We believe Pakistan is one of the most overlooked startup markets in the world, and that`s about to change,` said William Bao Bean, the managing general partner of Orbit Startups.-Dawn Report