Telenor Pakistan has done all it can to support incubation ecosystem in Pakistan. Initially it will fund some technical solutions, which will be given an access to Telenor support services, distribution channels and business functions which include developing and upgrading their products. According to details it will not be a conventional service rather it will be collaborative facility available for various incubators in the country.
For this Telenor has already collaborated with OPEN, Tie and Founders to grow the startup eco system in the country. The Deputy CEO of Telenor confirmed the plans of the company for developing this ecosystem. The Deputy CEO said:
“In addition to giving these startups an access to our assets, such as distribution channels, retail network, Telenor Pakistan has bundled a tool-kit with payment, location and other similar APIs, that will be made available to these selected startups”.
He further added: ““Selected startups will be able capitalize Telenor’s experience in preparing their products and leverage the reach and access of Telenor’s assets with over 220,000 retail outlets, over 1,000 exclusive service centers and franchises, variety of payment solutions and big-data analytical tools that are exclusively available with Telenor Pakistan only.”
The Startups will be given funds and facilities per case and per need basis. While we do not know much developments about the startups, but we will soon start receiving them as the incubation program will initiate.
It is likely to launch later this month in OPEN form in Islamabad. Irfan further commented that startups will be given a chance depending on their business model and potential value added to it.