Telenor Velocity Partners with Incubation Centers and Accelerators to facilitate the Startup Community
To assist budding Pakistani startups on a bigger scale, Telenor has widened the scope of its flagship ‘Velocity’ accelerator by partnering with incubation facilities and different accelerators. Telenor Velocity is Pakistan’s first telco-led accelerator that helps promising startups overcome the boundaries holding their enterprise again and work intently to determine steps they should take to attain speedy and sustainable progress.
Telenor Velocity Partnership Program
The Velocity Partnership Program
By means of the Velocity Partnership Program, nation’s high incubators, accelerators, traders and co-working locations can associate with Velocity and achieve entry to a complete suite of companies and instruments that may show pivotal to the expansion and sustainability of their startups. NIC Peshawar, NIC Karachi, Plan X, Plan9, NSPIRE, 10xC, GIKI and Daftarkhwan and have already joined the Velocity Partnership Program with their startups having access to the Velocity Suite.
Durdana Achakzai, Chief Digital Officer at Telenor Pakistan,stated:
“At Telenor Velocity, we imagine that innovation is paramount for locating options to right now’s challenges, no matter how large or small they’re. That’s the reason why we’re decided to advertise and nurture entrepreneurial tradition in Pakistan,”
“By means of the Velocity Partnership Program, we intention to have a fair larger influence by giving startups entry to our ever-growing 43 million plus buyer base, state-of-the-art knowledge analytics, APIs, fee integrations, knowledgeable mentoring , and outreach to traders.”
How It Works
Accomplice incubators and accelerators’ finest startups with a prepared Minimal Viable Product (MVP) and traction have the possibility to profit from Telenor Velocity’s accelerator program. Utility approval is on a rolling foundation with startups having access to the Velocity Suite nearly from the comfort of their co-working areas (associate premises). This system fees no price or fairness from the companions or their startups. Startups exterior of associate community can apply to the acceleration program right here.
Shahjahan Chaudhary, Director NIC Karachi, stated:
“In a small span of time, Velocity has helped a number of startups attain out to tens of millions of potential clients, join with a number of trade specialists & mentors, and helped startups increase funds of greater than USD 2.2 Million,”
“These are some spectacular figures that make us pleased with this partnership with Telenor Velocity. We additionally admire the method Telenor has in the direction of selling the startup tradition in Pakistan by making its companies and instruments obtainable to promising startups so options to on a regular basis challenges might be present in know-how.”
Advantages for the Accomplice
The Velocity Partnership Program will end in serving to companions appeal to and retain the very best of their startups whereas opening doorways to future collaboration between telecom trade and the innovation ecosystem. It’s noteworthy that the latest partnership between Ant Monetary and Telenor Financial institution may also create immense alternatives for enablement within the fintech area. This goes to indicate that Telenor is taking daring and concrete steps within the tech area. A number of the options and instruments that associate startups can have entry to by way of the Velocity Suite embody:
- Entry to over 43 Million Clients – Cutting-edge Information analytics & SMS campaigns
- On-line Funds Integration
- Commercial on Telenor Pakistan’s digital channels
- App placement on Telenor Shelf – Google Play
- Telenor Pakistan APIs (SMS, location, DCB, OTP, O-Auth and so forth.)
- Telenor Financial institution APIs (Cellular Account, Funds & Disbursements)
- Discounted entry to the Managed IOT cloud Platform
- Mentorship from Trade leaders & Telenor Pakistan specialists
Atif Mumtaz, Director Entrepreneurship PITB, stated:
“It’s an awesome step for Telenor and us at Plan9 towards realization of our digitization targets for Pakistan,”
“To hurry up progress within the Pakistani startup scene, collaboration and sharing data, expertise, and sources is vital. I’m glad that Telenor is holding a really open method to sharing its property with startups and nurturing younger expertise of Pakistan. We’re happy to be companions with Telenor and hope that the daring step will contribute considerably to the promotion of startup tradition in Pakistan.”
About Telenor Pakistan
Telenor Pakistan is a supplier of top quality telecommunication companies in Pakistan since 2005. It has over 42 million subscribers, over 2,000 workers and a nationwide community.
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