The center will focus on promoting social entrepreneurship and supporting startups that have a positive impact on their communities
REDWOOD CITY, Calif. – May 02, 2023 – i2c Inc., a leading provider of digital banking and payment solutions, and Wain Foundation, a non-profit organization dedicated to empowering youth through education and entrepreneurship, today announced that they are partnering with the University of Sargodha in Pakistan to establish the Waheed Wain Incubation Center, a first-of-its-kind agreement with a public University.
The Waheed Wain Incubation Center will serve as a hub for innovation and entrepreneurship, providing aspiring entrepreneurs and startups with access to mentorship, funding, and resources to turn their ideas into successful businesses. Under the agreement, the university will provide the land for the center, while the Wain Foundation will provide the financial and technical assistance to establish and operate it.
“Our vision is for The Waheed Wain Incubation Center to provide the nation with an impactful hub, in the mold of the great incubation centers of Silicon Valley,” said Amir Wain, CEO of i2c Inc. and Chairman of Wain Foundation. “We believe that by providing aspiring entrepreneurs with the support and resources they need, we can foster a new age of innovation and entrepreneurship across Pakistan.”
“We are highly grateful to the Wain Foundation for their generous support in establishing the state-of-the-art Waheed Wain Incubation Center,” said Professor Dr. Qaisar Abbas, Vice Chancellor at the University of Sargodha. “This center will have a far-reaching impact on the economic and social growth of our nation and empower future leaders who will effectively represent Pakistan on the world stage.”
According to McKinsey, entrepreneurship in Pakistan is on the rise, with over 720 startups established in the country since 2010. As the sixth most populous country and fifth largest youth population in the world, Pakistan is projected to be among the fastest growing economies in the coming years, with a projected annual growth rate of ~6% through to 2026.
About i2c Inc.
An award-winning global financial technology innovator powering credit, debit, prepaid, core banking, and money movement solutions, i2c unifies banking and payments in an all-in-one platform, transforming product personalization with a customer-centric architecture and accelerating speed-to-market with composable building-block solutions. Financial institutions and fintechs globally trust i2c to help them quickly and efficiently configure and scale differentiated financial offerings in an evolving, competitive market. Powered by innovation and driven by trust for more than 24 years, i2c blends modern ingenuity with expert reliability to supercharge exceptional banking and payments experiences for millions of users and billions of transactions worldwide.
For more information, visit i2cinc.com and follow us at @i2cinc.