Culture of Achievement & Entrepreneurship among NEDians - PakAlumni Worldwide: The Global Social Network 2024-03-29T09:41:02Zhttp://nedians.ning.com/forum/categories/1119293:Category:17021/listForCategory?feed=yes&xn_auth=noSemiconductors in Pakistan: Where we stand and what could we do?tag:nedians.ning.com,2014-07-18:1119293:Topic:986122014-07-18T14:46:56.769ZSyed Shaheer Javaidhttp://nedians.ning.com/profile/SyedShaheerJavaid
<p>Does anyone of you know about any *reliable* research study on semiconductors in Pakistan? What the current status is and the potential areas of growth?</p>
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<p>Does anyone of you know about any *reliable* research study on semiconductors in Pakistan? What the current status is and the potential areas of growth?</p>
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<p></p> NEDian Rehan Jalil's Cloud Security Startup Gets $6.3 Million VC Fundingtag:nedians.ning.com,2014-02-19:1119293:Topic:963532014-02-19T05:31:44.540ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p>#Pakistani-American NEDian Rehan Jalil's Cloud Security Startup Elastica Comes Out Of Stealth With $6.3M From Mayfield</p>
<p>Elastica has an engineering team working in Karachi, Pakistan.</p>
<p> </p>
<p>Jalil's prior startup Wichorus also used Pakistani engineering talent in Karachi. </p>
<p><a href="http://storage.ning.com/topology/rest/1.0/file/get/2866082692?profile=original" target="_self"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/2866082692?profile=original" width="609"></img></a> <br></br> Rehan Jalil (2nd from right) at an NEDians Convention 2007 Panel Discussion…</p>
<p>#Pakistani-American NEDian Rehan Jalil's Cloud Security Startup Elastica Comes Out Of Stealth With $6.3M From Mayfield</p>
<p>Elastica has an engineering team working in Karachi, Pakistan.</p>
<p> </p>
<p>Jalil's prior startup Wichorus also used Pakistani engineering talent in Karachi. </p>
<p><a href="http://storage.ning.com/topology/rest/1.0/file/get/2866082692?profile=original" target="_self"><img src="http://storage.ning.com/topology/rest/1.0/file/get/2866082692?profile=original" width="609" class="align-full"/></a><br/> Rehan Jalil (2nd from right) at an NEDians Convention 2007 Panel Discussion in Silicon Valley</p>
<p><a href="http://techcrunch.com/2014/02/18/cloud-security-startup-elastica-comes-out-of-stealth-with-6-3m-from-mayfield/?ncid=twittersocialshare">http://techcrunch.com/2014/02/18/cloud-security-startup-elastica-comes-out-of-stealth-with-6-3m-from-mayfield/?ncid=twittersocialshare</a> via @techcrunch</p>
<p>Elastica, a cloud security startup launched in 2012, is coming out of stealth mode with $6.3 million in Series A funding from the Mayfield Fund. The startup is also launching its new apps that offer real-time threat detection and even post-incident forensic analysis.</p>
<p>As more enterprises embrace SaaS and other cloud-based services, they are increasingly feeling the need to have a different approach to security beyond just traditional firewalls. This shift means over $2 billion annual market for cloud security vendors like Elastica. As Gartner noted last year, the highest growth is forecast to occur in cloud-based tokenisation and encryption, security information and event management (SIEM), vulnerability assessment and web application firewalls.</p>
<p>Elastica joins a fast growing club of cloud security startups promising to combine data science and in some instances even machine learning tools to help companies and employees secure SaaS data. There’s huge investor interest in the segment and some of the biggest names in the enterprise software world are backing many of these startups.</p>
<p>Elastica was founded in 2012 by Rehan Jalil, former CEO of WiChorus, which was sold to Tellabs for $165 million in 2009.</p>
<p><a href="http://techcrunch.com/2014/02/18/cloud-security-startup-elastica-comes-out-of-stealth-with-6-3m-from-mayfield/">http://techcrunch.com/2014/02/18/cloud-security-startup-elastica-comes-out-of-stealth-with-6-3m-from-mayfield/</a></p>
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<p><a href="http://vimeo.com/86921981">Tom Reilly Interview</a> from <a href="http://vimeo.com/user23634586">Elastica Inc</a> on <a href="https://vimeo.com">Vimeo</a>.<iframe width="500" height="281" src="//player.vimeo.com/video/86921981?title=0&byline=0&portrait=0&color=1CA8DD" frameborder="0"></iframe>
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<p><a href="http://vimeo.com/86921981">Tom Reilly Interview</a> from <a href="http://vimeo.com/user23634586">Elastica Inc</a> on <a href="https://vimeo.com">Vimeo</a>.</p>
<p> </p>
<p><a href="http://info.elastica.net/2014/02/tom-reilly-interview/">http://info.elastica.net/2014/02/tom-reilly-interview/</a></p>
<p>Related Links:<br/> <br/>
<a href="http://www.riazhaq.com/">Haq's Musings</a><br/>
<br/>
<a href="http://www.riazhaq.com/2013/09/fireeyes-pakistani-american-founder.html">Pakistani-American Ashar Aziz's Fireeye Goes Public</a><br/>
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<a href="http://www.riazhaq.com/2013/09/pakistani-american-shahid-khan-is.html">Pakistani-American Shahid Khan Richest South Asian in America</a><br/>
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<a href="http://www.riazhaq.com/2013/02/2-pakistani-american-startups-among-top.html">Two Pakistani-American Silicon Valley Techs Among Top 5 VC Deals</a><br/>
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<a href="http://www.riazhaq.com/2011/01/pakistani-american-entrepreneurs-game.html">Pakistani-American's Game-Changing Vision </a><br/>
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<a href="http://www.riazhaq.com/2012/05/minorities-are-majority-in-americas.html">Minorities Are Majority in Silicon Valley </a><br/>
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<a href="http://www.riazhaq.com/2012/10/us-seeding-venture-capital-and-private.html">US Promoting Venture Capital & Private Equity in Pakistan</a><br/>
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<a href="http://www.riazhaq.com/2012/06/pakistani-american-population-growth.html">Pakistani-American Population Growth Second Fastest Among Asian-Americans</a><br/>
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<a href="http://www.riazhaq.com/2009/11/edible-arrangements-pakistani-americans.html">Edible Arrangements: Pakistani-American's Success Story</a><br/>
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<a href="http://www.riazhaq.com/2009/11/pakistani-american-elected-mayor.html">Pakistani-American Elected Mayor</a><br/>
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<a href="http://www.riazhaq.com/2012/08/upwardly-mobile-pakistan-on-66th.html">Upwardly Mobile Pakistan</a><br/>
</p>
<div><br/></div> IBA's Global Entrepreneurship Monitor (GEM) Report on Pakistantag:nedians.ning.com,2011-12-27:1119293:Topic:855182011-12-27T16:34:43.551ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p>A recent report by the Center for Entrepreneurial Development (CED) of the Institute of Business Administration (IBA) finds that Pakistanis are less entrepreneurial than their counterparts in the majority of 59 member nations of Global Entrepreneurship Monitor (GEM), according to <a href="http://tribune.com.pk/story/311603/global-entrepreneurship-monitor-pakistanis-less-enthusiastic-about-entrepreneurship/">Express Tribune newspaper</a>. The…</p>
<p>A recent report by the Center for Entrepreneurial Development (CED) of the Institute of Business Administration (IBA) finds that Pakistanis are less entrepreneurial than their counterparts in the majority of 59 member nations of Global Entrepreneurship Monitor (GEM), according to <a href="http://tribune.com.pk/story/311603/global-entrepreneurship-monitor-pakistanis-less-enthusiastic-about-entrepreneurship/">Express Tribune newspaper</a>. The <a href="http://www.gemconsortium.org/download/1324925204328/GEM%20Pakistan%202010%20Report.pdf">report</a> says that the new business ownership rate, which is the percentage of owner-managers of a business that is three to 42 months old, is 2.7% in Pakistan, "considerably less" than the average rate for factor-driven economies (11.8%).</p>
<p>The results of this IBA CED study, as reported by the media, run counter to the findings of a recent World Bank report titled <a href="http://siteresources.worldbank.org/SOUTHASIAEXT/Resources/223546-1296680097256/7707437-1316565221185/Jobsoverview.pdf">"More and Better Jobs in South Asia"</a> which shows that 63% of Pakistan's workforce is self-employed, including 13% high-end self-employed. Salaried and daily wage earners make up only <a href="http://www.riazhaq.com/2011/09/pakistan-tops-south-asia-jobs-growth.html">37% of the workforce</a>.</p>
<p>Even if one chooses to consider just the 13% who are high-end self-employed as entrepreneurs, it's still much higher than the 2.7% figure reported by CED, and higher than the 11.8% average reported for factor-driven economies covered by GEM.</p>
<p><a href="http://3.bp.blogspot.com/-TDdACJHBVwo/Tn4KffqtjJI/AAAAAAAACB0/NzNIFQY-4RQ/s1600/South%2BAsia%2BJob%2BTypes.jpg"><img style="float: right; margin: 0 0 10px 10px; cursor: hand; width: 400px; height: 218px;" src="http://3.bp.blogspot.com/-TDdACJHBVwo/Tn4KffqtjJI/AAAAAAAACB0/NzNIFQY-4RQ/s400/South%2BAsia%2BJob%2BTypes.jpg" alt="" id="BLOGGER_PHOTO_ID_5655969718216789138" name="BLOGGER_PHOTO_ID_5655969718216789138" border="0"/></a></p>
<p>It seems to me that this discrepancy stems from a very narrow and limited definition of entrepreneurship used in the IBA study which ignores the following realities:</p>
<p>1. The <a href="http://www.riazhaq.com/2009/09/urbanization-in-pakistan-highest-in.html">rapid urbanization from massive ongoing rural-to-urban migration in Pakistan</a> is spawning a whole generation of small entrepreneurs who end up working for themselves as small vendors selling their wares on the streets and independent service providers who do basic chores like cooking and cleaning for dozens of clients. Each of these individuals is an entrepreneur by definition. Some of them have also found their way to other nations in Europe and the Middle East where they are earning a good living as street vendors. I saw a recent example of a Pakistani <a href="http://www.spaef.com/file.php?id=956">street vendor in Italy</a> who earned enough to send his children to universities....a luxury he didn't have himself.</p>
<p>2. There are many small groups of men and women who are starting businesses at home in both urban and rural areas of the country to sell groceries, sew clothes, raise animals for milk, grow and sell fruits and vegetables, cater cooked food, etc. These small entrepreneurs are managing to put food on their families' tables and put children through good schools. Some of them are being funded and trained by microfinance institutions like Kashf Foundation and others.</p>
<p>People at academic institutions like the IBA who talk about entrepreneurship must research examples like Kraft Foods and Carl's Junior, both of which had humble beginnings on the streets of the United States.</p>
<p>James L. Kraft started Kraft foods by selling milk and cheese from a horse-drawn cart in Chicago in 1903; its first year of operations was "dismal", losing US$3,000 and a horse. Today, Kraft Foods is a multi-billion dollar multinational corporation selling a variety of food products around the globe, including Pakistan.</p>
<p>Carl's Jr, a multi-national fast food giant which operates Hardy's restaurants in Pakistan, began life as a hot dog stand in southern California 1941 with $311 in capital. One cart grew to four, and within five years, Carl's Drive-In Barbecue opened with hamburgers on the menu.</p>
<p>I believe that most Pakistanis are not risk-averse. What is lacking is a supportive environment to help nurture millions of small entrepreneurs to enable them to realize their dreams. The efforts of microfinance sector need to be supported by both the public and private sector through skills training, mentoring and greater funding. Each of us who can afford to help can do so by joining microfinance networks like <a href="http://www.kiva.org/lend#/?&countries[]=PK">Kiva.org to lend to such entrepreneurs in Pakistan</a>.</p> NEDian Leads Solar Energy Initiative in Pakistantag:nedians.ning.com,2011-08-17:1119293:Topic:798372011-08-17T06:10:03.223ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p>A renewable energy initiative led by Pakistan Engineering Council chairperson and PPP senator Rukhsana Zuberi is installing solar panels on many public buildings in Islamabad and elsewhere in Pakistan. She is an NED University mechanical engg alum.<br></br> <br></br> Click <a href="http://www.powerasia.com.pk/icaep2011/presentations/Session1/Senator_Rukhsana_Zuberi.pdf">here</a> to see details of the program.…<br></br> <br></br>
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<p>A renewable energy initiative led by Pakistan Engineering Council chairperson and PPP senator Rukhsana Zuberi is installing solar panels on many public buildings in Islamabad and elsewhere in Pakistan. She is an NED University mechanical engg alum.<br/> <br/> Click <a href="http://www.powerasia.com.pk/icaep2011/presentations/Session1/Senator_Rukhsana_Zuberi.pdf">here</a> to see details of the program.<br/>
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<a href="http://www.powerasia.com.pk/icaep2011/presentations/Session1/Senator_Rukhsana_Zuberi.pdf">http://www.powerasia.com.pk/icaep2011/presentations/Session1/Senator_Rukhsana_Zuberi.pdf</a><br/>
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Here's video clip of Rukhsana Zuberi on GeoTv's Capital Talk with Hamid Mir:<br/>
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<iframe src="http://www.youtube.com/embed/j9HQkjmNgnY?wmode=opaque" width="425" frameborder="0" height="349"></iframe>
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Related Links:<br/>
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<a href="http://www.riazhaq.com">Haq's Musings</a><br/>
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<a href="http://www.riazhaq.com/2011/02/pakistan-launches-wind-power-projects.html">Pakistan Launches Wind Farm Projects</a><br/>
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<a href="http://www.riazhaq.com/2008/09/tackling-pakistans-electricity-crisis.html">Renewable Energy to Solve Pakistan's Electricity Crisis</a><br/>
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<a href="http://www.photius.com/rankings/electrification_by_country_2007_2008.html">Electrification Rates By Country</a><br/>
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<a href="http://www.wep.org.pk/10_downloads/presentations/Karachi-Hans-Duivenvoorden-presentation-3-8-2010.pdf">Wind Turbine Manufacturing in Pakistan<br/>
</a><br/>
<a href="http://www.riazhaq.com/2009/04/pakistan-pursues-several-new.html">Pakistan Pursues Hydroelectric Power Projects</a><br/>
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<a href="http://www.riazhaq.com/2009/02/solar-energy-for-sunny-pakistan.html">Solar Energy for Sunny Pakistan<br/>
</a><br/>
<a href="http://www.renewableresources.com.pk/downloads/Working%20Paper%20-%20Current%20Tariff%20of%20Wind%20Eergy%20in%20Pakistan.pdf">Wind Power Tariffs in Pakistan</a><br/>
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<a href="http://www.riazhaq.com/2010/01/pakistans-twin-energy-crises-of-gas-and.html">Pakistan's Twin Energy Shortages</a><br/>
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<a href="http://www.pcret.gov.pk/">Pakistan Council of Renewable Energy Technology</a><br/>
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<a href="http://bznotes.wordpress.com/2007/06/25/renewable-energy-for-pakistan-way-forward/">Renewable Energy for Pakistan</a><br/>
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<a href="http://www.riazhaq.com/2010/04/abundant-cheap-coal-electricity-for.html">Abundant Cheap Electricity From Pakistani Coal</a><br/>
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<a href="http://www.dawn.com/2006/12/19/top2.htm">Pakistan Policy on Renewable Technology</a><br/>
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<a href="http://www.renewableenergyfocus.com/articles/biomass/bus_news/080807_ge.html">Sugarcane Ethanol Project in Pakistan</a><br/>
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<a href="http://web.worldbank.org/external/projects/main?menuPK=228424&pagePK=64283627&piPK=73230&theSitePK=40941&Projectid=P101640">Community Based Renewable Energy Project in Pakistan</a></p> NEDs first fuel cell car to run on Shell Eco Marathon in Julytag:nedians.ning.com,2010-06-14:1119293:Topic:695242010-06-14T08:34:59.943ZTahir Naseerhttp://nedians.ning.com/profile/TahirNaseer
Check the latest achievement by NEDians.<br />
<a href="http://trike.webs.com/">http://trike.webs.com/</a><br />
How we can support the continuation / provide more motivation for the new students?
Check the latest achievement by NEDians.<br />
<a href="http://trike.webs.com/">http://trike.webs.com/</a><br />
How we can support the continuation / provide more motivation for the new students? Role Modelstag:nedians.ning.com,2007-09-20:1119293:Topic:170632007-09-20T04:29:39.840ZRiaz Haqhttp://nedians.ning.com/profile/riazul
The theme of NEDians Convention 2007 in Silicon Valley on Sept 8 was "Celebrate the History & Rich Heritage of NEDUET". As part of "celebrating", we brought together some very accomplished NEDians, many of them in their late 20s and 30s. There are two NEDians in particular that I'd like to mention Raghib Hussain, a member of this network, who co-founded Cavium that recently listed on NASDAQ with a valuation of over $1 billion. Another NEDian, Rehan Jalil, has recently founded Wichorus, a…
The theme of NEDians Convention 2007 in Silicon Valley on Sept 8 was "Celebrate the History & Rich Heritage of NEDUET". As part of "celebrating", we brought together some very accomplished NEDians, many of them in their late 20s and 30s. There are two NEDians in particular that I'd like to mention Raghib Hussain, a member of this network, who co-founded Cavium that recently listed on NASDAQ with a valuation of over $1 billion. Another NEDian, Rehan Jalil, has recently founded Wichorus, a Wimax start-up, that just raised $25 million in venture funding. Both of them participated in a panel discussion titled "NED to NASDAQ" that was moderated by another NEDian Asghar Aboobaker, an Inel veteran and a venture capitalist in Silicon Valley. I wrote a piece called "The NED Alumni Story" for a California publication "Pakistan Link" owned and managed by NEDian Arif Mansuri. This piece is attached here.