Summary: 33 start-ups
from Jordan, Saudi Arabia, Bahrain and Kuwait to compete in pitch competition
About 60% of Pakistan's youth is below 30 years of age so start-up
exhibitions like Momentum are necessary to create jobs, she said.
Speaking on the ecosystem partnership, Bala Girisaballa, Managing Director, Microsoft Accelerator, said, Start-ups
are the centers of innovation, and over the past decade they have played a crucial role in disrupting many industries worldwide.
Although 72 per cent of all start-ups
spend less than $50,000 on IT annually, 24 per cent dedicate more than 20 per cent of that annual budget to cloud solutions.
Among the start-ups
that have not yet adopted cloud solutions, 42 percent find the initial investment prohibitively high.
The Bank also launched its Axis Start-up
Banking product earlier this year, which is bundled with all key technology-enabled products and caters comprehensively to banking needs of start-ups
to Watch are those who have not yet received big-ticket funding but are looking promising for the future.
But, our ability to lend to these start-ups
was minuscule as we are an educational institute.
Another indispensable component of entrepreneurship is the process of making connections, so to help start-ups
expand their networks the HKTDC is working with the Hong Kong Federation of Youth Groups to co-organise the Start-up
Strategic investors sometimes invest in start-up
companies to enter into commercial relationships with those companies, for instance, a license to a start-up
's technology or a right to distribute a start-up
The number of start-ups
in India and China were 10,000 each.
The report titled 'Tech Start-up
In India: A Bright Future', states that there is increased traction in Indian start-ups
in the IoT, augmented reality and smart hardware space.