Venture capitalists explore startup potential at National Science & Technology Park

The National Science and Technology Park (NSTP) at NUST recently welcomed a distinguished delegation from the Asian Development Bank (ADB) and Venture Capitalists from across Asia, including China and Azerbaijan. This visit was part of VC Connect, an initiative aimed at promoting investment opportunities and accelerating the growth of NSTP-based startups in Asian markets.

As Pakistan navigates economic challenges, including a projected GDP growth rate of 3.2% in 2024, the tech sector has emerged as a vital driver of sustainable growth. During the visit, promising startups such as Kodifly, LearnOBots, Sarmaaya Financials, and Orbit-Tech showcased their cutting-edge solutions. Kodifly, an AI-powered firm specializing in LiDAR technology for urban mobility, recently secured USD 750,000 in funding from Laidlaw Scholars Ventures, reinforcing its leadership in urban infrastructure. LearnOBots, dedicated to transforming education through engaging STEM programs, provides hands-on learning experiences that equip young learners with essential skills for future innovation.

These interactions highlighted the potential for strategic partnerships and investment, paving the way for regional growth and further development within Pakistan’s tech ecosystem. The discussions focused on how these startups can scale their operations and enhance their market access across Asia. This engagement highlights NSTP’s critical role in positioning Pakistan as a regional hub for innovation and entrepreneurship.