Entrepreneurship

From Pakistan

Contents 1 Venture Capital Firms 1.1 MultiNational 1.2 Local 1.3 Angel Investors 1.4 Private Equity Funds 1.5 Proposed Venture Capital Companies 2 Business Support Organizations 3 Incubators 4 Groups (Networking, etc.) 4.1 Local 5 Business Plan Competitions 6 Entrepreneurship Development Centers at Universities 7 Entrepreneurial Universities 8 Diaspora/Abroad 9 Blogs 10 Brain Trust / People in the Know 11 Pakistani Companies Funded by VCs 12 Studies of Entrepreneurship 13 Interesting Articles

[edit] Venture Capital Firms

[edit] MultiNational

• Acumen Fund - http://www.acumenfund.org
• Draper Fisher Jurvetson - I have been told that, they have some presence in Pakistan. But not been able to confirm it.
• E-Planet Ventures - Asad Jamal did come to Pakistan, but no idea about activities
• Abraaj Capital - Buy out fund with some initiatives in Pakistan
• Leapfrog - http://www.vc4africa.com/profiles/blogs/leapfrog-investments-raises-44

[edit] Local

Several sources, both in Pakistan and Silicon Valley have provided the same reply to enquiries for names for this category; that there is currently only one serious player:

• TMT Ventures - http://www.tmtventures.net/
• PAKVENTURE (forthcoming) -- PSEB Just launched a Consultancy Project to help create a government venture capital fund
• AMZ Ventures - http://www.amzventures.com
• TRG Limited Ventures
• JS Private Equity Fund I LLC - http://pid.adb.org/pid/PsView.htm?projNo=40936&seqNo=01&typeCd=4

[edit] Angel Investors

These Non-Profit Companies provide grants for services / consultancies.

• Agribusiness Support Fund - http://www.asf.org.pk
• Business Support Fund - http://www.bsf.org.pk
• Competitiveness Support Fund http://www.competitiveness.org.pk
• National ICT R&D Fund http://www.ictrdf.org.pk/

[edit] Private Equity Funds

• IGI Funds - http://www.igi.com.pk
• Abraaj Capital - http://www.abraaj.com (A Buy Out Fund)

[edit] Proposed Venture Capital Companies

• Shaukat Tarin Sb proposes a 10 Billion Rs VC Fund (http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Politics/15-Jun-2009/4b-IMF-insurance-to-cover-budget-gap/1), but no details are available.
• National Commission on Science & Technology plans to set up a VC Fund (http://www.pcst.org.pk/pcst_webpages/national/ncst/new_ST_initiative.htm). Again no details. Please contact the Joint Technical Adviser.

[edit] Business Support Organizations

• Small & Medium Enterprise Development Authority - http://www.smeda.org.pk - The Prime Federal Body supporting SMEs.

• Women Entrepreneurs Information Network - http://www.win.org.pk

• Industrial Information Network - http://www.iin.com.pk

• Technology Upgradation & Skill Development Company http://www.tusdec.org.pk

• Trade Development Authority of Pakistan - http://www.tdap.gov.pk

• Pakistan Horticulture Development & Export Board - http://www.phdeb.org.pk

• Pakistan Dairy Development Company - http://www.pddc.org.pk

• Livestock & Dairy Development Board - http://www.lddb.org.pk

[edit] Incubators

• TIC - http://www.tic.org.pk This is an initiative of NUST (www.nust.edu.pk) at Islamabad
• Askari Commercial Enterprise An AWT (www.awt.com.pk) initiative for the benefit of retired Army Officers located in Rawalpindi
• Emagine Group - http://www.emagine-group.com - This Company is run by a Kellogg Alumni and provides an Incubator Space.

[edit] Groups (Networking, etc.)

[edit] Local

• TiE Pakistan - www.tie-lahore.org - http://www.businessplan.pk/about.html and a link which highlights last years activities - http://www.tes2007pakistan.com/
• OPEN Karachi Chapter
• http://www.entrepreneurship-pakistan.com/
• SCI: Saif Center of Innovation: http://www.saifcenter.com
• All Pakistan Entrepreneurs Exchange - http://www.apex.org.pk/

[edit] Business Plan Competitions

• TIE - http://www.businessplan.pk
• MIT Club of Pakistan Enterprise Forum - http://www.mitcef-pakistan.org MITCEF has launched TAN (Technical Angels Network and Cambridge Advisor Network. Their Business Plan Competition is named as "Business Acceleration Program
• Ministry of Youth Affairs - http://www.moya.gov.pk/ It has launched "The National Business Plan Competition"
• Shell Tameer - http://www.tameer.org.pk This is the Shell Live Wire Program, which has been modified as implemented as Tameer (meaning - Build)
• The Prince’s Youth Business International - http://www.youth-business.org/Mainframe.aspx?MenuID=2&pagename=KPICountryListRegion.aspx&mode=1&RegionID=3

The Prince of Wales announces Pakistan youth entrepreneurship programme - News Item October 30, 2006. However, the main site says that it is under consideration. http://www.iblf.org/media_room/general.jsp?id=123841

• British Council Youth Award - http://www.britishcouncil.org/pakistan-skills-for-employability-enterprise-youth-award.htm
• Young Leaders Entrepreneurship Summitt - http://les.org.pk
• Kaavish - www.synergies.com.pk
• FAST University's NASCON - http://www.nascon.org.pk/nascon/)
• COMSATS Lahore is planning to hold a Competition in June 2009
• FATA Livelihoods Development Program is planning to hold one in June 2009, which is being organized by Institute of Management Sciences - http://www.imsciences.edu.pk

[edit] Entrepreneurship Development Centers at Universities

• IBA - www.iba.edu.pk
• LUMS - www.lums.edu.pk
• IMS - www.imsciences.edu.pk
• NWFP - UET - www.nwfpuet.edu.pk - Work in Progress
• SUIT - www.suit.edu.pk
• KUST - www.kust.edu.pk - Work in Progress
• Bahauddin Zakariya University - http://bzu.edu.pk/ecbzu.html
• PAF - Karachi Institute of Economics & Technology - http://www.pafkiet.edu.pk/dnnbeta/RD/CenterOfEnterprenuership/tabid/170/Default.aspx
• Mohammad Ali Jinnah University - http://www.jinnah.edu.pk & (http://www.jinnah.edu.pk/cmpnts/cvblr/pages/viewProfile.php?name=rajput&page=fmss)

[edit] Entrepreneurial Universities

• University of Veterinary & Animal Science - http://www.uvas.edu.pk - The University is in the process of setting up a University Company under the name of U-Biz

[edit] Diaspora/Abroad

• OPEN http://www.open-us.org
• TiE http://www.tie.org

[edit] Blogs

• IBA's Entrepreneurhsip Society Blog - http://entrepreneurshipsociety.wordpress.com/

[edit] Brain Trust / People in the Know

• E & Y Venture Capital Advisory Group - http://www.ey.com/PK/en/Services/Strategic-Growth-Markets/SGM_Venture-Capital_Overview
• James Caan, Hamilton Bradshaw
• Shahid Khan & Mian Amir, Grant Thornton, Islamabad
• Akbar Sharfi, Tipton, Boston
• Umair Khan, TEF, Silicon Valley
• Monis Rehman, Naseeb Networks, Lahore /Silicon Valley
• Naeem Zamindar, Mobilink, Islamabad
• Imran Qidwai, Zaviah, Boston
• Sohaib Umar, TMT Ventures, Karachi
• Athar Naseem, AMZ, Karachi
• Ali Athar Mahmood, Millenium Fund
• Anwar Ali Mustafa Jumabhoy, Malaysia Venture Capital Management Bhd
• Muhammad Yar Hiraj, Lahore
• Naeem Zafar, Berkeley / Silicon Valley & Lahore / Karachi
• Dr. Akram Chaudhry, Silicon Valley
• Naveed Khan, Silicon Valley
• Jamal Arif, LUMS, Lahore
• Asad Jamal, ePlanet Ventures
• Ammar Hannafi, Alloy Ventures
• Faisal Sohail, CMEA
• Sara Akhtar, Capital Market Specialist, Competitiveness Support Fund

[edit] Pakistani Companies Funded by VCs

• Naseeb Networks
• LMKR
• Scrybe
• Ultimus
• Mobile Complete
• Pixsense
• Renaissance
• Avaz Networks (www.avaz.com) - There was quite a lot of noise about the Company, its products and funding by VC. But now, there is no information and even the site is not online anymore.
• SeenReport (http://blog.seenreport.com/report/2009-09-01-seenreport-successfully-closes-series-a-round-investment-by-al-janabi-group/)

[edit] Studies of Entrepreneurship

• SECP VC & PE Rules - http://www.secp.gov.pk/DraftAmendments/August_13_PrivateEquityRegulations.pdf
• Provincial Entrepreneurship Promotion Strategy - http://www.smeda.org/provincial-enterprise-promotion-strategy-entrepreneurship-development-center-models_61.html - SMEDA has created an overall policy document, which is a list of proposed initiatives to promote Entrepreneurship in the Country. SMEDA has also created Entrepreneurship Development Center Models.

• CIPE Draft VC Rules- http://cipepk.org/policyadv.asp#
• PSEB Software Study http://paksoftwarestudy.vttp.org

• A Tale of Two Networks - Pakistan: The Untold Story of Technology & Entrepreneurship - http://www.scribd.com/doc/6357814/Pakistan-Untold-Story-of-Technology-Entrepreneurship - MIT case study on growing technological advancement in Pakistan. This trend is new but growth his more than 50% per year despite recent political problems.

• Entrepreneurship in Pakistan http://ideas.repec.org/p/pid/wpaper/200729.html This is a study carried out by Mr. Nadeem Ul Haque (Former Vice-Chancellor Pakistan Institute of Development Economics, Islamabad) and published by the same Organization in 2007. The paper presents an analysis of the state of entrepreneurship/rent seeking prevailing in Pakistan and the analysis allows obtaining and understanding of the kinds of reforms (including legislative changes) that are required to develop entrepreneurship.

• World Bank's GEM Country Brief - Pakistan 2007 - http://www-wds.worldbank.org/servlet/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&entityID=000333038_20080613045610

• Women Entrepreneurs in Pakistan - http://sbaer.uca.edu/research/icsb/2004/Papers%20pdf/147.pdf

• Entrepreneurship Development and the National Youth Policy of Pakistan - http://www.cipe.org/regional/southasia/pdf/YouthRecs_NYP_Pakistan_060308.pdf

• Sustainable Development & ICT Potential in Pakistan - http://www.dgroups.org/groups/oneworld/OneWorldSA/docs/ICT%20initiatives%20in%20Pakistan%20by%20Aambreen%20Waheed(RBI).doc

• Women entrepreneurs in Pakistan - http://www.ilo.org/dyn/empent/docs/F760680996/PAKISTAN%20REPORT-Edited-Final.pdf

• Impact of Women Entrepreneurs on Poverty Reduction - http://www.usa.edu.pk/Web/Publications/PDF/impact%20of%20women.pdf?m=8

• Thesis: Problems of Female Entrepreneurs in Peshawar, NWFP, Pakistan - http://www.essex-seb.org/research/research-programmes/bios/a_abrar.asp Ayesha is a PhD Student at University of Essex.
• Investment in Pakistan 2004 by KPMG - http://www.kpmg.com.pk/download/Investments/Chapter%204%20-%20Financial%20Services%20Sector.pdf

[edit] Interesting Articles

A Collection of Articles / Blog Posts on Entrepreneurship in Pakistan

• Future of Venture Capital Firms in Pakistan http://www.onlineearnings.net/business/financing/venture-capital/future-of-venture-capital-firms-in-pakistan.html
• Current Status of Venture Capital in Pakistan http://www.competitiveness.org.pk/downloads/Venture%20capital%20in%20Pakistan.pdf
• Emerging Entrepreneurship in Pakistan - http://pakistaniat.com/2007/09/27/emerging-entrepreneurship-in-pakistan/
• Examples of Online Entrepreneurship in Pakistan:

   - http://lahore.metblogs.com/2008/11/25/lahore-bloggers-meetup-2008/
   - http://www.techmynd.com/lahore-bloggers-meetup-what-actually-happened/