UNLEASH

Accelerating economic growth in Pakistan

Author: Organizing Team, UNLEASH Hack Pakistan

In the dynamic landscape of Pakistan’s economy, small businesses and entrepreneurial ventures hold immense potential to drive growth and foster resilience. However, they often face critical challenges such as limited access to resources, infrastructure, and support. To address these challenges and catalyze sustainable economic progress, UNLEASH Hack Pakistan: Accelerating Economic Growth was hosted to mobilize young innovators and thinkers. This hackathon, held virtually on September 14 and 15, brought together brilliant minds to tackle pressing issues in economic enablement, specifically aligned with SDG 8 (decent work and economic growth) and SDG 9 (industry, innovation, and infrastructure). The Hack focused on addressing the current economic challenges in Pakistan, to craft scalable solutions with the potential to transform small businesses into engines of growth and innovation for long-term development and prosperity.

During the Hack, Teams worked together to define specific economic challenges related to the theme, and rapidly prototyped solutions to these challenges. They received guidance and mentorship through plenary sessions from industry experts who shared their insights on entrepreneurship and innovation. The program’s highlight was the pitching session, where each team had 3 minutes to present their solution to a panel of judges. This competitive yet collaborative environment allowed the Talents to showcase their ideas.

The Hack generated a variety of innovative solutions aimed at addressing key economic challenges in line with SDGs 8 and 9. These included ideas to inspire young people to take up entrepreneurial ventures in organic farming; a platform to bridge the gap between traditional Pakistani craftmanship and modern technology; and an initiative to connect talented individuals in rural areas to urban markets and industry, among many others.

The success of the hackathon was amplified by contributions from key partners like the Youth General Assembly, National Dry Fruit, Arar Group, MEPLANET+, Ejad Labs, Future Fest, FPCCI, and Chinar Mines and Minerals, all of whom played pivotal roles in supporting the program.

The long-term impact of UNLEASH Hack Pakistan will play a pivotal role in transforming Pakistan’s economy by fostering innovation and entrepreneurship. Solutions like enabling artisans, enhancing digital literacy, and supporting eco-friendly startups are expected to contribute significantly to sustainable economic growth. By promoting scalable and impactful business models, this Hack has laid the foundation for a thriving entrepreneurial ecosystem in Pakistan.