PITB announces launch of $20 million Venture Capital Fund in Pakistan

PITB has reported that 1839 Ventures, an Austin based investment firm, has propelled a Venture Capital Fund for the innovation new companies in Pakistan. The declaration goes ahead the foot sole areas of the Venture Capital’s International development designs.

As of late, 1839 Ventures Austin-based funding firm, has reported to put $20M in innovation based new companies. Since the declaration comes through PITB Chairman, Dr. Umar Saif, it is normal that PITB will be a noteworthy partner in basic leadership and scout for the new businesses in Pakistan. We have connected with PITB to get more refresh on this.

The declaration was made at the Atx+Pak launch occasion held at Austin City by 1839 Ventures. This advancement will assume its part in reshaping environment of innovation new businesses of Pakistan. The launch of venture capital fund with the relationship of Plan 9 – PITB’s Tech Incubator and 1839 Ventures will open an entryway for Pakistani business people to build up their creative thoughts under this asylum.

As indicated by an examination directed by a private association in Pakistan, one of the major barriers to startup achievement in Pakistan has been getting to investment store and access to HR for group building. The section of global funding firm is a decent sign for consistently advancing startup and innovation biological system in Pakistan.