IoBM Celebrates Cohort-3 Graduation with Focus on Innovation

Innovation is a powerful force that can transform industries and economies. In Pakistan, the need for innovative solutions has never been more pressing, especially as the country navigates various social and economic challenges. The Institute of Business Management (IoBM) is at the forefront of this movement, particularly through its Shahjehan Syed Karim Incubation Center (SSKIC). On September 21, 2024, the Cohort-3 Graduation Ceremony celebrated the achievements of five start-ups that have successfully completed a six-month incubation program.

During the ceremony, Zubair Tufail, the CEO of Tufail Chemical Industries Ltd., delivered an inspiring address. He highlighted the crucial role of innovation in reshaping Pakistan’s business landscape. Tufail referred to the graduating start-ups as "the future of Pakistan’s economy," emphasizing their potential to address social challenges while achieving self-sufficiency. This recognition is not just a pat on the back; it signifies the importance of entrepreneurship in driving economic growth and creating job opportunities.

The event was attended by notable figures, including Talib Karim, the President of IoBM, and Syed Azfar Hussain, the Program Director of the National Incubation Center (NIC) Karachi. Imran Haleem Sheikh, the Deputy CEO of BankIslami, also contributed to the event by addressing the audience via video message. His remarks underscored the importance of fostering innovation and applauded the SSKIC-IoBM for its pivotal role in nurturing start-ups. This collaborative spirit among industry leaders and educational institutions is essential for cultivating a robust entrepreneurial ecosystem in Pakistan.

The graduation ceremony not only marked the end of a significant journey for the start-ups but also served as a reminder of the potential that lies within Pakistan’s youth. As these young entrepreneurs step into the business world, they carry with them innovative ideas that could lead to sustainable solutions for pressing social issues. The support from established business leaders and institutions like IoBM is crucial in helping these start-ups thrive.

The emphasis on innovation at the Cohort-3 Graduation Ceremony reflects a broader trend in Pakistan’s business environment. As the country continues to face various challenges, the role of start-ups and their innovative solutions will be vital in shaping a brighter future. By investing in and supporting these young entrepreneurs, Pakistan can harness their creativity and drive to build a more prosperous and resilient economy.