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    Plan9 signs a MoU with Capital Factory – Touchdown Austin Program
    Getting StartedStart-Up SpotLight

    Plan9 signs a MoU with Capital Factory – Touchdown Austin Program

    written by PJ

    Plan9 signs a MoU with Capital Factory – Touchdown Austin ProgramPlan9’s collaboration with Austin City of Texas has bagged yet another achievement for the greater good of Pakistan. What started off with ATX+PAK Launch program almost 1.5 years ago, through which 5-7 entrepreneurs travel to Austin for 3 weeks after every 6 months, to explore the entrepreneurial space there, meeting with the top notch mentors and networking with the investors, later culminated to some top officials visiting Pakistan back in November 2016 and signing 4 MoUs with Plan9, including Tech Ranch, Pen Pal Schools, Capital Factory and 3 Day Startup.

    This time around, while the 3rd cohort of startups is currently in Austin, Dr. Umar Saif, Chairman, PITB along with Nabeel A. Qadeer, Director Entrepreneurship and Enterprise Development, PITB and Mian Faizan Mahmood, Assistant Program Manager at Plan9 are also in Austin to explore synergies with the City of Austin. Dr. Umar Saif only yesterday signed a MoU with the Mayor of Austin, Mr. Steve Adler and has declared to establish Lahore and Austin as Science cities. Following this great news we have another news to share with all the aspiring entrepreneurs out there. Mr. Nabeel Qadeer has signed another MoU with Capital Factory – Touchdown Austin program, the objective of which is to enhance foreign in-market startup incubator/accelerator programs and both public/private funds through a multiphase US market entry boot camp. Moreover, another objective is to prepare startups/SMEs for US market entry via commercialization training, mentoring, marketing & sales consulting, access to funding/VCs/Angel, financial & accounting expertise and customer acquisition support.

    Basically this MoU is signed to tap into the delivery and management of the Global Market Access Program (GMAP). The GMAP is a three phase business acceleration program designed to rapidly and strategically assist foreign technology companies entering the US market with the least amount of risk. It is formulated to support the growing number of economies focused on increasing entrepreneurial activity through government policy and investment in early stage funding vehicles, technology incubators and accelerator programs.

    The majority of these efforts help spur innovation and venture forming, however the shotgun approach of seed funding many can misfire with the lack of customer discovery activities and access to global market resources. GMAP is designed to filter & identify those high potential ventures (HPV) through a custom series of boot camps furthering US market based value proposition, go to market strategies and facilitate the runway to succeed while also managing proper expectation for US market entry.

    There is a significant value in these HPVs participating in GMAP’s boot camp as a standalone program or integrated with in-country resources. The companies will obtain a real sense of the resources required to do business in the US and world markets through quality feedback on the future potential their product or service has in the marketplace.

    The program helps companies ‘succeed fast or fail fast’ and the addition of GMAP as a partner means the feedback at every stage has a ‘US voice’ so it’s beyond just the in-country program telling their clients that the US is a good/bad option.

    Plan9’s collaboration with Austin City of Texas through ATX+PAK has helped lay the foundation for the agreement signed today. This has been made possible because of the constant efforts of Alicia Dean, Senior Public Relations Specialist, Mian Faizan Mahmood and Nabeel Qadeer representing the Plan9’s front and the support extended by Greater Austin Asian Chambers of Commerce. More power to Pakistan and Austin!

    March 14, 2017 0 comment
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  • Getting StartedInformation ResourcesInvestment OpportunitiesStart-Up Incubators and VC Firms

    StartUp Incubators & Venture Capital Firms in Pakistan

    by PJ October 28, 2013

    Start-up Incubators and Venture Capital Firms play a vital role in an entrepreneurial ecosystem. They not only offer guidance to entrepreneurs and help them build profitable start-ups, they also serve as a…

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  • GeneralGetting StartedInvestment OpportunitiesStart-Up Incubators and VC Firms

    “Cloud9” – Shares valuable advice for Pakistani StartUps

    by Ahsan Saeed October 8, 2013

    “Cloud9 Startups” is a Islamabad based venture fund and idea incubation centre, also functional in UK,  led by Habib Ahmed. Their one-line pitch is: Our goal is simple. Give the local talent access to resources,…

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  • Getting StartedStartUp Events You Should Participate In

    StartUp Cup Pakistan – ShowCase your StartUp Idea

    by PJ July 23, 2013

    Recently, I’ve came across a very good opportunity for entrepreneurs to create and test business models.  “StartUp Cup” is a business model competition held every year round the globe and support entrepreneurs…

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  • GeneralGetting StartedInformation Resources

    Official Information Resources for Pakistani Entrepreneurs

    by PJ June 24, 2013

    As I started this site, I had little knowledge about Official Information Resources for Pakistani Entrepreneurs and Startups. So it was very hard to find updated statistics regarding Pakistan and its economics. Luckily,…

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  • Getting StartedPasha LaunchPad

    Pasha LaunchPad – Opportunity for StartUps to Gain Exposure

    by PJ June 19, 2013

    Pakistan Software Houses Association – PaShA (or P@sha) is playing a vital role in encouraging entrepreneurs to introduce innovative ideas. P@SHA LaunchPad is one such example.  The idea behind PaShA Launchpad is simple:  Find…

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  • GeneralGetting Started

    Challenges for Pakistani Start-Ups and Entrepreneurs

    by PJ June 12, 2013

    To someone who has been used to think of Pakistan as a place swamped by Mullahs and Taliban (read terrorists) and where there is corruption at all levels of administration, with a…

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