Lahore, March 15, 2017 (PPI-OT):Punjab Information Technology Board (PITB)’s project Plan9 has bagged another achievement for Pakistan collaboration with Austin City of Texas by signing another MoU with Capital Factory – Touchdown Austin program to enhance foreign in-market startup incubator/accelerator programs and both public/private funds through a multiphase US market entry boot camp. Moreover it will prepare startups/SMEs for US market entry via commercialization training, mentoring, marketing and sales consulting, access to funding/VCs/Angel, financial and accounting expertise and customer acquisition support.
Dr. Umar Saif Chairman PITB congratulated Plan9 team and hoped that the MoU would tap into the delivery and management of the Global Market Access Program (GMAP), a three phase business acceleration program designed to rapidly and strategically assist foreign technology companies entering the US market with the least amount of risk. These efforts would help spur innovation and venture forming as GMAP was designed to filter and identify high potential ventures (HPV) through a custom series of boot camps furthering US market based value proposition, he added.
There is a significant value in these HPVs participating in GMAP’s boot camp as a standalone program or integrated with in-country resources. The companies will obtain a real sense of the resources required to do business in the US and world markets through quality feedback on the future potential in the marketplace.
ATX+PAK program was launched almost 18 months ago, through which 5-7 entrepreneurs travel to Austin for 3 weeks after every 6 months, to explore the entrepreneurial space, meeting with the top notch mentors and networking with the investors, which culminated to some top officials visiting Pakistan back in November 2016 and signing of four MoUs with Plan9, including Tech Ranch, Pen Pal Schools, Capital Factory and 3 Day Startup.
PITB’s Plan9 collaboration with Austin City of Texas through ATX+PAK has helped lay the foundation for the agreement signed today due to joint efforts of Alicia Dean, Senior Public Relations Specialist, Mian Faizan Mahmood and Nabeel Qadeer Director, PITB representing the Plan9’s front and the support extended by Greater Austin Asian Chambers of Commerce.
For more information, contact:
Punjab Information Technology Board (PITB)
11th Floor, Arfa Software Technology Park,
346-B, Ferozepur Road, Lahore, Pakistan