The Ignite National Technology Fund, operating under the Ministry of Information Technology & Telecommunication, has begun the process of hiring firms to set up and oversee the Pakistan Venture Fund (PVF), a new initiative designed to reinforce the country’s technology and startup ecosystem.

According to an official notice, the planned fund aims to expand access to early-stage capital for startups, helping innovative businesses grow and compete more effectively in the digital economy. The initiative is intended to address financing challenges faced by emerging tech ventures while also encouraging greater private sector involvement in Pakistan’s evolving startup landscape.

Ignite, which is tasked with promoting innovation and technological development, plans to operate the venture fund through a professional fund management model. The selected investment firm or consortium will be responsible for identifying promising startups and providing not only funding but also strategic support to accelerate their growth.

Firms interested in managing the fund have been invited to submit applications within the prescribed timeframe. Following the selection process, the chosen entity will proceed with the establishment and management of the fund, marking a further step toward strengthening Pakistan’s knowledge-based economy and digital innovation sector.