PITB and Sweden-based Nutty Ventures sign MoU for promotion of local startups

Punjab InformationTechnology Board (PITB) and Sweden founded Nutty Ventures AB signed an MoU these days, committing to offering higher publicity to Pakistani startups in Sweden, developing tailor-based training alternatives for Pakistani startups, strengthening acceleration methods and developing alternatives for world Investors and Venture Capital budget to believe making an investment in Pakistani startups.

While talking on the rite, Punjab’s Provincial Minister for Higher Education & Information Technology Raja Yassir Humayun Sarfraz stated, “Government of the Punjab envisions generation as an engine of financial enlargement as IT is opening new frontiers each day and our intention is to supply best-in-class training to startups, so they are able to compete at a global degree for visibility and vital investment for accelerating enlargement. I price this partnership as a result of it’ll supply thrilling alternatives to our local startups and will additional reinforce PITB’s current methods in entrepreneurship and freelancing domain names”.

Chairman PITB Azfar Manzoor stated, “Pakistani startups have made their mark within the international area which is manifested via an building up of over 300% investment raised by means of local startups all through the closing yr. In line with the imaginative and prescient of the federal government, PITB’s entrepreneurship and freelancing methods aren’t facilitating the adolescence of Punjab via incubation and talents construction methods however also are serving to them in developing the much-needed linkages with the international buyers and project capitalists.” It is price bringing up that PITB is operating a spread of a hit incubation and freelancing methods now not handiest in Punjab however in different provinces as neatly. As a outcome of this partnership, all local startups will stand to profit.

Nutty Ventures AB, which is recently operating a Sweden-wide accelerator program, has in depth revel in and community within the Swedish startup, have an effect on, and investment ecosystems. Its Founder and CEO, Mehkar Sheikh stated, “Today, trade is occurring quicker than at some other time in human historical past. We want daring new concepts, at an speeded up tempo, slicing during the conventional hierarchies and constructions. Nutty Ventures will leverage the ability of international supreme practices to create significant have an effect on for PITB-backed startups.”

Sweden is one of the main nations on this planet in innovation, startup process, and extra not too long ago in have an effect on. According to a modern file, Stockholm recently has the best possible quantity of tech unicorns according to capita on this planet after Silicon Valley.

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