Home Startups 3 Pakistani Startups Chosen Among 597 Applicants, Receive £668,000 Grant

3 Pakistani Startups Chosen Among 597 Applicants, Receive £668,000 Grant

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A great day for Pakistani Startups!

The GSMA Innovation Fund for Mobile Internet Adoption and Digital Inclusion has announced grants for 3 Pakistani startups. The startups were chosen among 597 applicants that applied from 44 countries from all over the world. The winning startups were: Vceela, Knowledge Platform, and Orenda Pakistan. The three companies jointly received a grant of £668,000 (Rs146 million).

The GSMA Head of Asia Pacific, Julian Gorman, led a virtual meeting regarding the matter. He stated that digital technologies will pave the path for a digitized Pakistan. Mr. Norman also pointed that the mobile industry in Pakistan is expected to contribute a whopping 2023 $24 billion to the economy. This will add up to 6.6% of the GDP.

“As we saw in the GSMA 2020 Digital Societies Report, which tracks the progress of 11 focus countries in Asia Pacific. Pakistan is advancing its societal, economic and digital ambition, as outlined in Digital Pakistan Vision,” He added.

The GSMA report on the digital society index has listed Pakistan as one of the highest achievers in the overall score.

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