There is a high potential of start-ups in Asia, however, firms still stand on early stages of technology

There is a high potential of start-ups in Asia, however, firms still stand on early stages of technology

Hardware, Information Technology, Management System, News

The penetration of 3-G or 4-G technology in Asia has taken extensive internet connectivity to a whole new level. There has been a massive increase in the number who use the internet from thirty to forty times more. This now implies that the digital market and world out there is also seeing a steep rise in the course of this period. Ever since its arrival, there has been an initiation of various digital start-ups. In addition to this, there has been growth in businesses related to the digital arena.

Due to a few recent incidents, the development of digital technology is encouraged in the country. There has been the commencement of a start-up portal for enhancing technological developments, as well as, encouraging innovation. It was mainly made possible due to the efforts put in by the Security Exchange Commission. There were other bright opportunities in Asia as well that encouraged the entrepreneurs to raise their investment, as well as, capital for their business ventures.

During the conference, it was stated by a number of entrepreneurs, as well as, investors that this should be considered as a landmark achieved for Pakistan, in particular, they commended the investment input.

However, since we are all aware of the famous statement; ‘All that glitters isn’t gold’. To our dismay, if we take a close look at the region’s entrepreneurial ecosystem the picture looks contradictory. Still, we placed on the rank that was at the bottom of the technologically developed countries. At present, we should consider ourselves at the initial stages of technological development. Even though, a number of steps have been taken in the past five years. The cause behind this decline is the lack of access to funds, as well as, regulatory, financial, and exchange barriers.