Farzal Dojki, the founder of Next Generation Innovations (NextGenI), has become the first Pakistani IT entrepreneur to receive the UAE’s coveted 10-year Golden Visa. His company works with tech startups to assist them establish their tech teams and with businesses to help them move toward digital innovation.
The UAE government introduced the Golden Visa program in 2019 as a 10-year residency program for highly trained individuals, significant investors, celebrities, and entrepreneurs.
Farzal Dojki, Founder and CEO, NextGenI said, “While I am the main recipient of this visa, the credit goes to the hundreds of Pakistani software engineers from our local universities who have worked at NextGenI over the past 10 years. The software products they built have allowed the founders to raise approximately $500 Million in VC capital. These platforms are collectively valued at over $4.5 billion.”
Next Generation Innovations (NextGenI) is a successful software firm with a high level of employee involvement. While they have some business clients, they prefer to deal with tech startups since it allows them to provide professionals with intriguing technical career pathways.
If the startup succeeds, the employees will follow in its footsteps. Mohammad Fawad, one of their software engineers, has worked on three startup products in the last six years, all of which have been acquired by European and American Decacorns.
Furthermore, Farzal also added, “The award has given us the validation as a startup specialist in the region. I strongly believe that we should work in the time zones that work for our engineers and our customers, without burdening anyone’s sleep or social life.”
Investors from the United States, Singapore, and the United Arab Emirates joined the race in 2021, pouring more money into Pakistan’s startup and technology sector than in the previous six years combined.
According to Crunchbase and Invest2Innovate data, the total amount of money put into the country’s companies this year is around $300 million.
To read our blog on CEO of HR Blusky Mr. Pattabi Rehman in GITEX 2020 technology week, click here.
