{"id":5739,"date":"2018-08-07T07:35:56","date_gmt":"2018-08-07T07:35:56","guid":{"rendered":"http:\/\/digitaldips.pk\/?p=5739"},"modified":"2018-08-07T07:36:56","modified_gmt":"2018-08-07T07:36:56","slug":"telenor-velocity-partners-with-incubation-centers-and-accelerators-to-facilitate-the-startup-community","status":"publish","type":"post","link":"https:\/\/www.digitaldips.pk\/index.php\/2018\/08\/07\/telenor-velocity-partners-with-incubation-centers-and-accelerators-to-facilitate-the-startup-community\/","title":{"rendered":"Telenor Velocity Partners With Incubation Centers And Accelerators To Facilitate The Startup Community"},"content":{"rendered":"

To support budding Pakistani startups on a larger scale, Telenor has widened the scope of its flagship \u2018Velocity\u2019 accelerator by partnering with incubation centers and other accelerators. Telenor Velocity is Pakistan\u2019s first telco-led accelerator that helps promising startups overcome the barriers holding their business back and work closely to identify steps they need to take to achieve rapid and sustainable growth.<\/p>\n

The Velocity Partnership Program <\/strong><\/p>\n

Through the Velocity Partnership Program, country\u2019s top incubators, accelerators, investors and co-working places can partner with Velocity and gain access to a comprehensive suite of services and tools that can prove pivotal to the growth 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 gaining access to the Velocity Suite.<\/p>\n

\u201cAt Telenor Velocity, we believe that innovation is paramount for finding solutions to today\u2019s challenges, regardless of how big or small they are. That is the reason why we are determined to promote and nurture entrepreneurial culture in Pakistan,\u201d said Durdana Achakzai, Chief Digital Officer at Telenor Pakistan. \u201cThrough the Velocity Partnership Program, we aim to have an even bigger impact by giving startups access to our ever-growing 43 million plus customer base, state-of-the-art data analytics, APIs, payment integrations, expert mentoring , and outreach to investors.\u201d<\/p>\n

How It Works<\/strong><\/p>\n

Partner incubators and accelerators\u2019 best startups with a ready Minimum Viable Product (MVP) and traction have the chance to benefit from Telenor Velocity\u2019s accelerator program. Application approval is on a rolling basis with startups gaining access to the Velocity Suite virtually from the convenience of their co-working spaces (partner premises). The program charges no fee or equity from the partners or their startups.\u00a0 Startups outside of partner network can apply to the acceleration program here<\/a>.<\/p>\n

\u201cIn a small span of time, Velocity has helped multiple startups reach out to millions of potential customers, connect with multiple industry experts & mentors, and helped startups raise funds of more than USD 2.2 Million,\u201d said Shahjahan Chaudhary, Director\u00a0 NIC Karachi. \u201cThese are some impressive figures that make us proud of this partnership with Telenor Velocity. We also appreciate the approach Telenor has towards promoting the startup culture in Pakistan by making its services and tools available to promising startups so solutions to everyday challenges can be found in technology.”<\/p>\n

Benefits for the Partner <\/strong><\/p>\n

The Velocity Partnership Program will result in helping partners attract and retain the best of their startups while opening doors to future collaboration between telecom industry and the innovation ecosystem. It is noteworthy that the recent partnership between Ant Financial and Telenor Bank will also create immense opportunities for enablement in the fintech space. This goes to show that Telenor is taking bold and concrete steps in the tech space. Some of the features and tools that partner startups will have access to via the Velocity Suite include:<\/p>\n