Pakistan Innovation Fund – Driving Growth Through Startup Support
The Pakistan Innovation Fund (PIF), launched by the Ministry of Planning, Development, and Special Initiatives, is a bold step to promote innovation and entrepreneurship in the country. With a total allocation of Rs. 10 billion, this fund aims to support startups and small enterprises that bring forward creative, practical, and scalable solutions to national challenges https://pc.gov.pk/web/pif.
The fund offers financial support ranging from Rs. 5 million to Rs. 20 million per project, targeting key sectors such as health, education, agriculture, technology, governance, and women-led ventures. However, outstanding proposals from other fields are also considered. The primary goal is to encourage youth-driven innovation, promote import substitution through local solutions, and support export-oriented ideas.
PIF is designed to create a strong ecosystem for research, development, and commercialization. It enables startups, researchers, and entrepreneurs to transform their ideas into viable businesses by providing both financial backing and institutional support.
Eligible individuals and organizations were invited to submit proposals directly to the Planning Commission. The initiative reflects the government’s strategic vision to build a knowledge-based economy, reduce reliance on imports, and empower local talent. Through this fund, Pakistan takes a significant step toward fostering sustainable economic growth and technological advancement.
Adam Josh
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The Pakistan Innovation Fund plays a vital role in fueling the country’s economic growth by empowering startups and young entrepreneurs. Through grants, seed funding, and mentorship, it enables innovative ideas to transform into scalable businesses. This initiative not only promotes entrepreneurship but also creates jobs and fosters a culture of problem-solving and technology-driven solutions in Pakistan https://cmp-punjab.com.pk/bisp-8171-web-portal/.
A similar approach to financial empowerment is reflected in the cmp-punjab site, which is dedicated to the Benazir Income Support Programme (BISP). This platform allows individuals and families to use the BISP 8171 ELIGIBILITY Verification system to check if they qualify for social financial aid. This digital tool ensures that only eligible, low-income households receive timely assistance, especially women-led families who are often the most economically vulnerable.
The success of the BISP 8171 ELIGIBILITY Verification system lies in its accessibility and transparency, values that the Pakistan Innovation Fund can also incorporate to manage funding and track progress of supported startups. Both platforms show how structured digital systems can ensure fairness and accountability. As BISP lifts families out of poverty, the Innovation Fund propels businesses forward—together contributing to a stronger, inclusive, and future-ready Pakistan.