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Possibility of Success for entrepreneurs in Pakistan

Being an enterprise understudy and as a little business visionary in Pakistan I have been doing alot of investigates with respect to introducing business thoughts as a model, documenting a patent of that item and afterward taking that business thought to the commercialization stage.I inquired about patents being recorded in Pakistan uptil now and I was stunned to see"dawn news" article that exclusive 10% of 50,000 patents are being enlisted in Pakistan since 1947 are neighborhood licenses while the rest are foreign(filed by people situated in other countries).There is basically no nearby patent that has been commercialized in Pakistan.

In my voyage as a business visionary I might want to share process and the challenges which me and other youthful business people are confronting at this moment in Pakistan.

•        Filing a patent:

Initial step is recording patent of your item. There is an association named as 'Initial public offering' Intellectual property association of Pakistan.If your item is imaginative and its a shiny new item with inventive highlights then you need to record a patent for your item with specific reports which are accessible at their site and a bank draft whose sum differs as indicated by your use of item which you are going to patent.Initially you will get a temporary patent for a half year and following a half year a board will talk with you about your item and a working model of that item to guarantee that isn't just a thought yet you have really chipped away at its assembling and in those a half year your application is sent to worldwide patent associations of around 137 nations and if that gets endorsed then you can document an application for global patent and it costs for couple of lacs like 3 to 5 lacs approximately.Getting a patent means no other individual on the planet can fabricate and offer your item and on the off chance that he does then you can sue him and get the revenue,profits earned with the punishment charges that court will infer on him.

•        Presenting the business idea:

Second step is displaying the business idea.If you are contemplating in the university and exhibiting your business thoughts at any business expo in the university or some other occasion then I don't surmise that your university is as yet equipped for drawing in some genuine financial specialists who are intrigued to put resources into your business and take your item towards commercialization at a national or a global level since none of the colleges pronounce that they have popularized any of their concern thoughts introduced by their understudies.

Other than displaying in the university, there is no gathering for new businesses to exhibit their thoughts and pick up consideration of speculators as there are business expos which are just for the organizations who are propelling their new items and stall booking begins from a gauge of 3 to 5 lacs at that point cost continues expanding in the event that you need marking of your item as well and on the off chance that you require media scope of your item to market purposes.
•        Engaging Investors:

In Pakistan motivation behind drawing in a financial specialist in commercialization of our business thought isn't simply to get the required subsidizing for our business however the speculator is a capable individual who has a solid picture in the market and nobody can even consider doing extortion with him.So we need to go ahead a common concurrence with the financial specialist that he will get this level of value in the benefit.

In the present market there are alot of phony financial specialists accessible in the market who are simply going to do extortion with you and their activity turns out to be significantly simpler on the off chance that you don't have some solid contacts like political foundation or contacts in police and so forth.

In short,we can state that you can turn into a fruitful business visionary just on the off chance that you have a solid backing,no matter how much creative your item is or how dexterous group of makers you have,ultimately you need to confront alot of deterrents in this entrepreneural travel in Pakistan.

•        Conclusion:

In different nations like canada,united states and joined kingdom individuals don't need to experience these hindrances as there is a solid lawfulness framework and it is difficult to do misrepresentation with other people.We still need to sit tight for good administration and a decent peace framework to clear ways for business people.


Your remarks will be profoundly valued and if any of you has encountered this adventure at that point do impart it to us.Thankyou

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