NEW YORK (BE2C2 Report) — A new exchange program designed to link Texas city of Austin’s technology entrepreneurs with their counterparts in Pakistan will be launched in Spring.
The two-year program is being funded by a $500,000 grant from the U.S. Embassy in Islamabad. The first of four groups of participants is scheduled to visit Austin in April.
The program, which is called ATX+PAK, plans to place about 24 entrepreneurs from the Pakistan-based Information Technology University’s business incubator in Austin-based incubators and accelerators for three weeks, reports Austin Business Journal and Forbes magazine.
ITU – a first of its kind institution based in Lahore, came into being in 2012 to advance scholarship and innovation in the areas of science, technology and engineering in Punjab, on the initiative of its Chief Minister Shahbaz Sharif.
Organizers expect the placements to provide the Pakistani entrepreneurs with advanced training, mentorship and networking opportunities, according to an announcement from the city of Austin’s economic development department.
The Pakistani program comes on the heels of similar exchange programs involving local tech entrepreneurs set up in 2015 by Austin.