NIC Karachi is thrilled to announce the commencement of its Cohort 12, welcoming 37 promising startups into its incubation program. Following a rigorous selection process that saw over 400 applications and 112 pitches, NIC Karachi, managed by Lucky Landmark Pvt. Ltd. (part of YBG) in partnership with LMKT and Acceleration Partner – Orbit Startups, is set to empower these selected startups on their innovation journey.
Funded by Ignite – National Technology Fund, NIC Karachi continues to stand as Pakistan’s largest incubation centre and startup accelerator. Over the past six years, NIC Karachi has incubated startups that have created over 1 million jobs, generated more than PKR 8 billion in revenue and raised over PKR 9 billion in investment. With Orbit Startups, one of the leading international VC firms operating in Pakistan, the 12th cohort will benefit from enhanced mentorship, capacity-building initiatives and greater access to capital, ensuring these startups are well-equipped to scale locally and internationally.
Atif R. Khan, CEO of LMKT, shared his thoughts, saying, “We are excited to embark on this new journey with our Cohort 12 startups. As LMKT holds the largest incubation footprint in Pakistan, our commitment to fostering innovation remains stronger than ever. Through our collaboration with Lucky Landmark and Orbit Startups, we are elevating NIC Karachi to even greater heights. This cohort will have access to enhanced mentorship and funding, preparing them to thrive in both local and international markets.”
Abdul Sattar Jumani, CEO of Yunus Energy Pvt. Ltd. (YBG), emphasized YBG’s role in fostering innovation, stating, “YBG’s vision is to create meaningful economic impact, through our involvement with NIC Karachi, we are extending this mission to Pakistan’s vibrant startup ecosystem. We look forward to closely supporting these emerging startups, offering them the resources and guidance needed to drive breakthrough innovations, particularly in Industrial Automation, FinTech, and Cybersecurity.”
Adeel Sheikh, CEO of Ignite, commented on the significance of this collaboration, saying, “Ignite is proud to continue supporting National Incubation Centers across Pakistan, with NIC Karachi being a flagship in the entrepreneurial ecosystem. Cohort 12 reflects our dedication to nurturing the next generation of innovative leaders. We are thrilled to witness the strong collaboration between our partners – Lucky Landmark, LMKT, and Orbit Startups – in advancing this shared vision.”
About NIC Karachi:
NIC Karachi, managed by Lucky Landmark Pvt. Ltd. (YBG) in partnership with LMKT and Orbit Startups, is funded by Ignite – National Technology Fund. As Pakistan’s largest incubation center and startup accelerator, NIC Karachi offers comprehensive support to entrepreneurs through mentorship, training, and funding, empowering them with the tools needed for success.
