Foreign Affairs

Foreign Affairs

*Virtual Start-up Summit held with U.S.-based Entrepreneurs*

Islamabad : The Ministry of Foreign Affairs and the Embassy of Pakistan in Washington, in collaboration with the Ministry of Information Technology and Telecommunication (MOITT), Securities and Exchange Commission of Pakistan (SECP), State Bank of Pakistan (SBP), the Higher Education Commission (HEC), National Science & Technology Park (NSTP) and Special Technology Zones Authority (STZA) convened a Virtual Start-up Summit entitled “Science & Technology as a Catalyst for Entrepreneurship.” The Summit brought together 120 start-up industry stakeholders from Pakistani diaspora in the U.S. and in Pakistan.
In his keynote address, Foreign Minister Makhdoom Shah Mahmood Qureshi highlighted the role of Foreign Office as a facilitator in bringing together diverse innovation related stakeholders. He stated that the start-up Summit provided the platform for building connectivity between the relevant players in the entrepreneurial ecosystem in Pakistan and promoting their partnerships with U.S.-based Pakistani entrepreneurs and investors. The Foreign Minister appreciated the contribution of the diaspora towards the knowledge economy in the U.S.
In their comments, Foreign Secretary Sohail Mahmood and Federal Secretary Ministry of Information Technology and Telecommunication Shoaib Ahmad Siddiqui emphasized the role that diaspora could play in supporting and scaling the local hi-technology industry.
During the open discussion session, Pakistani-origin innovators and business leaders in the U.S. made concrete recommendations for further strengthening of institutionalized mechanisms for collaboration and commercialization linkages between Pakistan S&T start-ups and relevant sectors, investors, and U.S.-based entrepreneurs.
In his closing remarks, Pakistan’s Ambassador to the U.S., Dr. Asad Majeed Khan, appreciated the interest of the diaspora and thanked the local stakeholders in providing a holistic picture.
Follow-up events will be organized in the near future including sector specific start-up meetings as well as mentorship events involving Pakistani Universities and U.S.-based entrepreneurs.