MONITORING REPORT ISB: VIVID Technologies, a UK based Pakistani startup, has qualified for Blackbox Connect 2014 and secured 30 million rupees seed funding from UK investors.
Blackbox Connect is an initiative by Google for Entrepreneurs. Its a two week programme, where startups from outside the US are brought to Silicon Valley and given a chance to interact with like-minded entrepreneurs, executives and investors through intensive workshops and meetings.
Another Pakistani startup named SMSall has also been selected for the spring 2014 session.
This annual opportunity was initiated when Blackbox Connect signed an MoU with Plan9, a Pakistani tech incubator initiative.
Plan9 has helped shape 32 startups of various scales so far. It has a comprehensive 9-tier incubation process.
“Since tech startups are a recent phenomenon in Pakistan, there are many brilliant yet untapped ideas. Entrepreneurs should focus on their product and let the work speak for itself,” said Hafsa Shorish, Marketing and PR Manager at Plan9, when asked about the biggest advantage of starting a business in Pakistan.
Another great arena for young entrepreneurs to showcase their idea is the P@sha LaunchPad, organised every year by Pakistan Software Houses Association (P@SHA) for the IT and ITES sectors, to find the best technology ideas/start-ups and bring them in front of experts.