ISLAMABAD: The 5th edition of Pakistan’s biggest startup competition “Pakistan Startup Cup” has been concluded yesterday In Islamabad. This year’s cup saw more than 2000 startups, who participated in the competition from across the country.
The Pakistan Startup Cup has been initiated by TiE Islamabad in Partnership with US State Department and Griffin Worx, USA. Since its inception in 2013, the Cup has attracted stellar and amazing startups from across the country.
In all of the Startup Cups held so far, Peshawar for the first time made its presence felt, as two out of the three top positions secured by Peshawar based startups. Nano IT Solutions bagged First position with prize money of Rs. One million, Similarly, Aprus Technologies bagged the second runner up position and prize money of Rs.500000. Both of the startups are incubated at the National Incubation Centre Peshawar.
Nano IT Solutions is Pakistan’s first manufacturer of AR VR motion platforms used in education, gaming & training simulators. They have launched an edutainment arcade with their own locally produced motion platforms in Peshawar by the name of VRHere. The startup is currently digitizing local tourist experiences to be used on their AR/VR platforms (such as a Cable Car ride in Malam Jabba or a boat ride in Lake Saif Ul Malook) to be integrated into their VRHere franchise across the nation.
Aprus Technologies’ Electrosurgical Unit is one of these groundbreaking innovations, which aims to make surgical procedures all around the world safer and more reliable. These units are used in almost all surgical procedures to cut and coagulate the tissues during surgeries. Pursuing a PhD in the same subject matter, the founder is creating a safer surgical blade that helps surgical cuts heal faster.
This year’s Pakistan Startup Cup saw massive interest from KP with more than 180 Startups. The three finalists from Startup Cup KP; Nano IT Solutions, Aprus and Bera, were all incubatees of NIC Peshawar. These amazing startups are reinventing the industries in their particular domain.
The winners received their awards by the guests of honour for the session, Mr Shafqat Mahmood, Federal Minister for Education and Professional Training and his Excellency Paul W. Jones, Ambassador of United States of America to Pakistan.
The Federal Minister in his address stressed on the importance of innovation, creativity and initiative for the successful transformation of the economic landscape of Pakistan. He also appreciated young innovators for presenting localized solutions to social problems.
Ambassador Paul W. Jones commended the young entrepreneurs, he said that all of the contestants represent the next generation of business leaders, who with these skills can solve the most challenging problems and create durable solutions for their local communities.
Murtaza Zaidi, Director NIC Peshawar expressed his gratitude at the closing ceremony of Pakistan Startup Cup. He termed it a proud moment for NIC Peshawar. He said that it has been 6 years since the inception of Startup Cup, but not even a single company won or made it to the top three positions from Peshawar, however, this year two of the Peshawar based startups incubated at NIC Peshawar got the top slots. He said that it shows the hard work and dedication of the team, mentors and all our partners.