Moazzam Ahmad Khan, Pakistan’s High Commissioner in the United Kingdom, met with Pakistani startups at the event and praised their efforts to generate new leads for future sales and investments.
Ignite National Technology Fund, a public sector company with the Ministry of IT & Telecom, is participating in London Tech Week 2023 with six exciting startups from its various National Incubation Centers (NICs), continuing its tradition of powering Pakistan’s startup ecosystem.
London Tech Week 2023, a global celebration of technology that brings together the most innovative thinkers and talent of tomorrow in a week-long festival, will take place from June 12th to 16th, 2023 at the Queen Elizabeth II Centre in London.
Xylexa (NIC Islamabad), CricFlex (NIC Islamabad), EyeSmarty (NIC Peshawar), CalCart Technologies (NIC Islamabad), Gridizen (NIC Karachi), and SLOSH AI Solutions (NIC Islamabad) are among the NIC startups taking part.
Pakistani Startups Participate in London Tech Week
- Xylexa has an AI-powered algorithm that assists radiologists with accurate, timely, and cost-effective medical image interpretation and diagnosis for their patients.
- CricFlex has developed a wearable sleeve for analyzing bowler performance in cricket. It monitors arm angles, force, speed, spin, action time, run-up speed, distance, and time in order to provide feedback on how to improve performance.
- EyeSmarty is an AI-powered platform for monitoring and evaluating employee productivity and performance, providing an unparalleled tool for in-depth work record analysis.
- CalCart Technologies is an AI-powered smart cart product that brings the convenience of online shopping to traditional grocery stores. Calcart recently signed a pilot test agreement with a large global supermarket chain.
- Gridizen is a SAAS-based end-to-end property management solution that assists housing associations, property managers, agents, and landlords with property management. It is also the only provider of ESG reports for properties in the UK.
- SLOSH AI Solutions is an AI-powered teleradiology solution that assists in classifying chest X-rays as normal or abnormal.
Asim Shahryar Husain, CEO of Ignite said, “Over the last two years, Pakistani startups have raised investments of $733 million.
Considering that Pakistani startups have raised more than $800 million over the last 5 years against average equity of 25%, the total valuation of Pakistani startups is estimated to be around $3.2 billion at present which is expected to reach $10 billion by 2030 or earlier.
The upward trajectory of foreign investments in Pakistani startups from 2021 to 2022 is a testament to the interest of foreign investors in our startups”.
He added, “Two founders of Pakistani startups, Bioniks (healthtech) and Kalpay (fintech), made it to the Forbes 30 under 30 Asia list this year which reflects the young entrepreneurial talent of Pakistan.
Events like Londontech Week provide an opportunity for startups to showcase their products to find partners, customers, and investors”.
London Tech Week is a hub for innovative innovation and future tech frontier visions. The mainstays are UK entrepreneurship, enterprise solutions, and inclusion.
It covers a wide range of technology industries, including artificial intelligence, cybersecurity, fintech, health technology, digital transformation, smart cities, and others.
The event is extremely beneficial to Ignite’s NIC startups because it provides a platform for connecting, collaborating, and exploring new business opportunities globally in order to find partners, customers, and investors.
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