NIC Concludes 4th National Investor Summit - Android

As part of its National Investor Summit (NIS) series, the National Incubation Center (NIC) held another summit aiming to bridge… Read More

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As part of its National Investor Summit (NIS) series, the National Incubation Center (NIC) held another summit aiming to bridge the gap between investors and startups. The fourth summit was held on the 25^th of February, 2021 as a virtual event and witnessed participation from local and international investors.

A total of 15 startups were shortlisted to take part in the summit, out of which 13 were NIC startups and 2 were non-NIC. The summit was conducted virtually, which allowed diverse participation from local and international startups as well as investors.

NIS 4.0 was attended by 22 investors from local and international VC funds, as well as angel investors from the local and diaspora community. Startups pitched their ideas for $9.5M+ investment opportunity; 67% of the startups were locked for office hours with at least one investor. A total of 465 minutes were committed as office hours, held on the 26^th of February,2021.

The NIC started the National Investor Summit in January 2020 with NIS 1.0, followed by NIS 2.0 in July, and NIS 3.0 in October. NIS 1.0 and 2.0 witnessed participation from startups across all NICs in the country. However, the NIC moved beyond its organizational boundaries to open the summit for non-NIC startups in NIS 3.0 and continued with the legacy in NIS 4.0.

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