The graduation ceremony for the second cohort of the Shahjehan S. Karim Incubation Center (SSKIC), IoBM, was held on Saturday, January 14, 2023. Federal Minister for IT and Telecommunication, Syed Amin Ul Haque, was the Chief Guest. He said that the Ministry of Information Technology and Telecommunication (MoITT), Pakistan, is enhancing the skills development of the youth so they can establish effective start-ups. “Smartphone for all is the vision,” the Federal Minister added. He emphasized that broadband connectivity should be provided in remote areas of Pakistan to connect start-ups with buyers. This will facilitate online businesses to reach a wider audience across Pakistan. "Women's participation in start-ups must be increased to fifty percent,” he added.
The graduation ceremony of the Shahjehan S. Karim Incubation Center (SSKIC) at IoBM exemplifies a commitment to the Sustainable Development Goals (SDGs), particularly SDG 4: Quality Education and SDG 8: Decent Work and Economic Growth, by focusing on nurturing youth through technology-driven entrepreneurship, the SSKIC enhances educational opportunities that equip graduates with essential skills for the job market. Additionally, the emphasis on increasing women's participation in start-ups aligns with SDG 5: Gender Equality, fostering inclusivity and equal opportunity in entrepreneurship. Furthermore, the commitment to innovation and sustainability in various sectors resonates with SDG 9: Industry, Innovation, and Infrastructure, demonstrating a holistic approach to economic development. The SSKIC's initiatives not only aim to create viable businesses but also seek to address broader societal challenges, reinforcing the interconnectedness of the SDGs.
IoBM provides the seed money to the start-ups incubated at the SSKIC,” said Mr. Talib Karim during the Welcome Address. He commented that SSKIC focuses on technology as it is the future of industries. Such tech-based ideas will eventually evolve the industries, he added. "Innovation happens when you have to resolve challenges", said Mr. Mehboob Karim, Advisor IoBM. "We need to continuously innovate to come out of the crisis we are facing in various sectors." Mr. Bashir Janmohammad, Chancellor IoBM emphasized that entrepreneurs need to work in the agriculture sector to increase the yield that will improve our exports. Mr. Burhan A. Saiyed, Head of SSKIC, IoBM said that SSKIC received over a hundred applications from across Pakistan for Cohort 2. "We screened these ideas based on their scope of innovation and sustainability." The start-ups that graduated in Cohort-2 are Arm Rehab, Chiragh Education Technologies, Elecnovate, Goddard Discovery, Sehatlings, ThaliHelp, and Wizzyo Live Chat.