Global venture capital firm, 500 Global, respected Pakistan’s government for the introduction of incentives in Special Technology Zones (STZs).
According to the STZA press release, a top delegation from global venture capital firm 500 Global had a meeting with the Chairman, Amer Hashmi, of the Special Technology Zones Authority (STZA) in Islamabad.
The delegation comprised of Chief Operating Officer and Managing Partner Courtney Powell, Board Member Max Scheder-Bieschin and Alysia Lopez, Executive Assistant to 500 Global’s CEO Christine Tsai and Powell.
The STZA chairman requested Powell for a visit to Pakistan to meet incubators, startups, local venture capitalists, and other shareholders in the public and private sector that are employed towards technology-driven growth in the country.
Read more: Special technology zones authority launched to bolster IT growth
In keeping with the particulars, both sides deliberated the global venture capital’s experience meeting the tech startup communal in the country besides the provision and mentorship that 500 Global can deliver to startup founders to rule their ventures, and the firm’s tactics to discover investment chances in Pakistan.
Moreover, the STZA team informed 500 Global about the STZs generated by the government to appeal to foreign direct investment, increase technology exports, allow technology transfer, highlight research & development, and raise job creation for Pakistani youth.
The aim of STZA is to build knowledge ecosystems that will bind Pakistan’s technology potential and drive the country on the route of an entrepreneurial, inventive, and tech-driven future for joint prosperity and comprehensive growth.
“We welcome 500 Global to Pakistan and look forward to working closely with them to support the startup and technology sector in Pakistan,” said STZA chairman.
Noting the government’s pledge to smooth the development of the country’s high-potential technology sector, Powell said, “We met fantastic founders in Pakistan during our visit and truly appreciate the incentives that the government has offered in its Special Technology Zones. The visit has also helped us understand how we can equip founders to establish themselves on a global level.”