NSTP publishes study on the role of family offices in Pakistan’s startup ecosystem

The National Science & Technology Park (NSTP) in Pakistan has published a paper exploring the role of family offices in the country’s startup ecosystem, what changes might be put in place to catch the attention of family offices and how startups can convince them to fund new startups.

The study on family offices, which are private entities responsible for managing the finances and assets of high-net-worth families, was conducted in collaboration with Chris Carr, professor at California Polytechnic State University.  

The research investigated the perspective of family office members and various other stakeholders around Pakistan. It proposed four recommendations to help move Pakistan's entrepreneurial ecosystem forward: 

• Training for founders and family offices regarding startup investment and funding opportunities
• Regulatory and tax reforms
• Corporate governance training and development for office members and startup founders
• Improved data collection

The authors stated: “Through this research paper, we’ve highlighted the gap between startup funding but also provided recommendations and ideas to overcome some of the bottlenecks that have made it difficult for Pakistani entrepreneurs to connect with family offices for needed capital.

“Being home to leading hi-tech R&D firms and startups, the NSTP understands collective growth is only possible if inflow of funding starts from national investments. It will provide a great boost to the entire ecosystem and fuel innovation growth across the country.”

For more information on NSTP’s research paper, visit the Social Science Research Network.