On 24th May, 2021 Katalyst Labs and HBL signed a partnership agreement in an endeavour to grow the startup ecosystem in Pakistan. Katalyst Labs is a technology accelerator and innovation hub, founded by Jehan Ara who along with her team are recognised for building the entrepreneurship ecosystem of Pakistan. HBL aims to form ecosystem partnerships and deliver scalable solutions to customers. Therefore, this partnership united the two organisations for a similar purpose and made strategic sense.
The partnership entails Katalyst Labs running a cohort based Acceleration Program and a Women Leadership Fellows Program (WLFP). The Acceleration Program at Katalyst Labs is for startups that are looking to scale with a special focus on Fintech, mCommerce, Food & Agri Tech, EdTech, Cleantech, HealthTech and other key verticals. The Women Leadership Fellows Program is for women entrepreneurs and professionals that want to hone their current skill set and become leaders in their respective fields. Over time the Program will increase the number of women leaders in the economy.
Commenting on the partnership, Jehan Ara, Founder & CEO Katalyst Labs said, “When ecosystem builders like ourselves want to continue to support and enable dreamers and innovators who are out to conquer the world through the use of tech, we look to partners who can help us realise our vision. And we have never had to look far because HBL has always been the first to understand what we are trying to do and provide their full support. This partnership with Katalyst Labs is further proof of this unflinching and continuing support.”
Ali Habib, Chief Marketing & Communications Officer, HBL had similar sentiments and expressed them in the following words “We are delighted to enter into this partnership with Katalyst Labs. The programs will enable HBL to build and support a community of start-up founders, technology developers and service design experts with a special focus on Women Entrepreneurs.”