The Punjab Information Technology Board (PITB) on Monday launched Regionalplan9 – a network of incubators for technology startups across the province.
Under the plan, PITB will open nine incubation centers in Lahore, Bahawalpur, Dera Ghazi Khan, Faisalabad, Multan, Rawalpindi, Gujranwala, Sahiwal and Sargodha in partnership with public sector universities.
Of these centers, those in Lahore, Bahawalpur and Sargodha will start operating in April, he added.
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The board’s plan stated, “Regional Plan9 aims to promote a technology-driven entrepreneurship approach across the province that will be key to expanding and strengthening the startup ecosystem.”
https://twitter.com/PITB_Official/status/1374244980236107779?s=19
A variety of services are offered to the selected startups, including free office space, monthly grants, networking opportunities, mentoring schemes and training.
“Each service is tailor-made and geared to enable startups to support their idea and turn it into a functional product / service,” the statement said, adding that the program is based on a zero-based model.
“By harnessing the collective power of technology and entrepreneurship, it seeks to strengthen the project by providing equal access to business opportunities across Punjab,” he said.
For the selection process, Regional Plan9 will include “The Launchpad” for “launching startups based on eligibility criteria and due process with input from domain experts”.
Industrial professionals, mentors and academics will also be present, the date of which has not yet been announced.
According to a statement from PITB, the centers in Lahore, Sargodha, Bahawalpur and Lahore will become operational in April.
PITB project Regionalplan9 aims to promote a technology-driven entrepreneurial attitude across the province, which will be key to expanding and strengthening the start-up ecosystem.
Based on a ZERO EQUITY MODEL, the regional Plan9 centers offer the launched start-ups the following services:
- Free office space for working.
- Monthly subsidy (Sptipend)
- Network capabilities.
- MentorshipTraining and workshops.
Each service is tailor-made and targeted so that startups can convert, support and support their idea into a functional product / service.
The project is a reflection of and a result of the commitment of the Government of Punjab to promote business and growth in the start-up area.
