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Cheque distribution ceremony of SRIC Batch-2 held at IBA Karachi By: Karachi Chronicle


Karachi : A cheque distribution ceremony for Batch 2 of the Sindh Research Incubation Center (SRIC) was held at the Institute of Business Administration, Karachi’s Center for Information and Communication Technology (IBA-CICT). The incubates of SRIC received cheques from the Government of Sindh to support their startups.  

During the ceremony, the incubates of SRIC demonstrated progress of their startups in the form of presentations. SRIC is a technology incubator that facilitates the incubation process for 12 months. It is a project of the Information Science & Technology Department (IS&TD), Government of Sindh in collaboration with the IBA Karachi.
The chief guest of the ceremony was Minister, IS&TD, Nawab Muhammad Taimur Talpur while IS&TD was represented by Secretary, Muhammad Nawaz Naseem, Director General, Muhammad Yousuf and Advisor to Minister Syed Zainulabedin Shah, while IBA Karachi was represented by Director ICT & CICT IBA Karachi, Imran Batada. The ceremony was also attended by several C-level executives from the industry.

Mr. Batada in his welcome speech congratulated the startups and appreciated their progress. He said, “The SRIC Project is a great achievement for the Government of Sindh and IBA-CICT. We are trying our level best in helping these incubates progress through diploma programs and state-of-the-art-facilities at the IBA.”

On this occasion, Mr. Talpur said, “The SRIC project is part of our manifesto to promote entrepreneurship culture among the youth.” He also appreciated the efforts made by IBA-CICT for running the SRIC project with utmost efficiency and providing the incubates a supportive environment where they can thrive and achieve their goals.

Mr. Yousuf in his address said, “The startups of SRIC will create job opportunities, bring new innovation in the market and contribute in the alleviation of poverty.”

As per this project, IBA-CICT provides the selected startups incubation facilities for 12 months which include co-working space at the Institute, utilities, and access to investors. The objective is to ensure sustainable growth for early stage ideas related to the field of IT by providing domain specific mentorship and investment opportunities to create commercially viable technology startups from Sindh.

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