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However, these skills can be inculcated if incubation/ training/ acceleration programmes help entrepreneurs expand their network globally.Ĭonsidering the discussion above, some skills that the incubation centres, training programmes and accelerator programmes need to add to their toolkit are: helping the entrepreneurs understand the market developing a capacity to comprehend the needs and requirements of target audience inculcating effective business communication skills to enable targeted marketing, team building and strong partnerships networking opportunities leadership skills and financial management to help a startup gain solid footing in early years along with support from investors.Īpart from skill development, the entrepreneurial ecosystem in the country needs to improve for developing high-value startups. Second, the understanding of cultural sensitivities in the international settings help entrepreneurs to build relations and such an understanding is easier for someone living or studying abroad.
#Dawn pk professional
Entrepreneurs need to be part of local and international communities working in the relevant field.Įducation, work and other professional linkages abroad widen the opportunities for potential entrepreneurs.
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There has recently been some discussion on the social media that most of the international investment is going to the startups raised by the founders who have either studied or lived in the US before. Pakistan needs to develop accelerator programmes to groom the leadership capabilities of emerging founders in the country. He says “investors bet on founders, not on business plans.” A startup founder does not have to be born a leader he/she can learn the traits of successful leaders.įasieh Mehta has recently returned from the Silicon Valley after conducting training workshops for the founders of various startups. The entrepreneur needs to build a narrative around her startup and use it to strategise her pathway to success.įurther, leadership skills are of utmost importance for the founders. This includes communication with internal/ external stakeholders, communication with the team, communication with target audience for marketing the product/service, etc. This is because at least 70% of an entrepreneur’s time is spent in some sort of communication. Shua Khalid, CEO and Co-founder of atomcamp, considers communication as the most important skill for entrepreneurs. There is a generally a low focus in Pakistan on improving one’s interpersonal skills. Mentorship is helpful for the startups to discover what exactly they need, provide them with that guidance and engage the founders and the team in constant learning and growth. So, I joined NIC that helped me test my idea.” “I had knowledge of my product I did not have the requisite expertise in the areas of brand development and social media outreach. She is a faculty member at the NUST Business School and incubated her startup at NIC. Why do entrepreneurs need mentoring and skill development? Dr Zunaira Saqib has established merafuture.pk as a platform for aptitude tests of young students to guide them. What sets them apart from other startups is the opportunity they got for skill development, mentorship, networking and, of course, how the founders invested in their own learning and growth. DeafTawk has bridged the language gap between the deaf community and service providers. The National Incubation Centre (NIC) Islamabad, an initiative of IGNITE, has groomed and mentored countless startups, which have raised a substantial investment.įor instance, DigiKhata raised $2 million and DeafTawk secured an investment of around $1 million.ĭigiKhata has provided a convenient way to small and medium enterprises for bookkeeping through its web and mobile application. Incubation centres and mentoring programmes have played an important role in triggering this new wave of creative economy in the country. The rate at which startups in Pakistan are progressing and the wins they are securing spark hope for a new dawn of innovation in Pakistan. Two Pakistani startups, Airlift and Bazar, have been in the spotlight in the past week because of successfully securing a sizeable investment.įoreign investors are now showing confidence in creative abilities of the youth leading the startup culture in Pakistan. LUMS Centre for Entrepreneurship and PlanX make it to Gust and Fundacity’s Asian and Oceanian Accelerator Report 2015.