12 NIC Startups to participate in LEAP 2022

Technology12 NIC Startups to participate in LEAP 2022

ISLAMABAD, Pakistan: As many as 12 National Incubation Centers (NICs) Startups will participate in the LEAP 2022.

The Conference will be hosted by Saudi Arabia from February 1 to 3, 2022 in Riyadh to address future challenges using technology.

   

It will involve 350 speakers from 80 Countries, as well as 700 innovators and start-ups from around the world with 40,000 local and international visitors.

The event will bring together the world’s greatest minds; from leading technology corporations, inspiring pioneers from global start-ups and venture capitalists with the means to make it all happen.

The event will also host “The Rocket Fuel Startup Competition” where startups will exhibit & pitch their ideas to a panel of judges, angels, VCs and government stakeholders.

There is an opportunity to win total awards worth US$ 1 million for startups. Ignite had informed startups at its NICs in December 2021 to apply online for this startup competition.

The 12 NIC startups which will be participating in LEAP include ExpertFlow (Healthtech), Mapalytics (AR/VR), Stech (AI), Exbid (Shared economy), Student1stop (Edtech), TB-AI (Healthtech), BizB (Ecommerce), Smart Helmet (Cleantech), Asani.io (AI/Big data), Hukum Janab (Services), Mytm (Fintech), and Arm Rehab Technologies (Healthtech).

Talking on the occasion, the CEO Ignite Asim Shahryar Husain, said “It is a proud moment for Pakistan, MoITT, Ignite and our NICs that 12 NIC startups will be participating in LEAP 2022. It will provide a global platform to Pakistani startups to pitch their business ideas and products to foreign investors. 2021 was a great year for Pakistan startups where investment grew by 5 times over 2020 and 2022 looks even better.”

Held under the theme ‘One Eye on the Stars’, LEAP is organized by the Ministry of Communications and Information Technology with the cooperation of the Saudi Federation for Cyber Security, Programming and Drones.

It will address future energy technologies that will enhance the region’s leadership in oil and gas sectors and the impact of technology on the development of energy sources.

Additionally, LEAP will tackle other topics including healthcare technologies, to improve the quality of life and increase life expectancy, empowering humans through robots and technologies that enhance food and water security in the region.

The event is very valuable for Ignite’s NIC startups to scale up further specially in the MENA region. One NIC startup named “MyTM” had participated in a similar event at GITEX 2021 and had won the first prize in the “Creative Economy” category of Supernova challenge. This opened new networking opportunities for MyTM to expand further and to raise investment from foreign investors.

“This is the benefit of participation in international events because it provides exposure to our startups and creates new networking and investment opportunities for them,” the CEO Ignite said.

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