In terms of Rule 48 of Public Procurement Rules, 2004, a Grievance Redressal Committee (GRC) is notified for the subject procurement and the notification copy is available on the procuring agency’s website and on Authority’s website at (www.ppra.org.pk).
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IGNITE-National Technology Fund (Ministry of Information Technology & Telecommunication (MOIT)), Assistant Manager Procurement
Plot # 7, Mauve Area, 3rd Floor, Telecom Foundation Complex., Islamabad Capital Territory
+92-344-944-4314
samiullah@ignite.org.pk
Sections of Prequalifica¬tion Documents
The following specific data for the Prequalification of Applicants shall complement, supplement, or amend the provisions in the Instructions to Applicants (ITA). Whenever there is a conflict, the provisions herein shall prevail over those in ITA.
| PDS Clause No. | ITA No. | Amendments of, and Supplements to, Clauses in the Instructions to Applicants |
A. General |
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| 1. | 1.1 |
Identification Number of the Invitation for Prequalification: P9896 |
| 2. | 2.1 | The name of Procuring Agency is: IGNITE-National Technology Fund (Ministry of Information Technology & Telecommunication (MOIT)) The name of Project / Procurement is: PRE-QUALIFICATION OF FIRM(S) TO ESTABLISH AND MANAGE PAKISTAN VENTURE FUND |
| 3. | 4.2 | Maximum number of members in a Joint Venture (JV): 5 |
| 4. | 4.5 | A list of debarred firms and individuals is available on PPRA website: https://ppra.gov.pk |
B. Contents of the Prequalification Document |
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| 5. | 7.1 | For clarification, the Applicant shall seek clarifications through: {SYSTEMSHORTITLE} |
| 6. | 7.1 & 8.2 | Information related to Prequalification shall be published on: {SYSTEMSHORTITLE} |
| 7. | 7.2 | Pre-Application Meeting: Clarification Date: Tuesday, March 10, 2026 Pre-Bid Meeting: Thursday, March 5, 2026 11:00 AM Venue: Plot # 7, Mauve Area, 3rd Floor, Telecom Foundation Complex. |
C. Preparation of Applications |
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| 8. | 10.1 | This Prequalification Document has been issued in the language: English |
| 9. | 11.1(d) | Additional documents to be submitted through {SYSTEMSHORTITLE}: No |
| 10. | 14.2 | Source for determining exchange rates: Not Applicable |
D. Submission of Applications |
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| 11. | 16.1 | Deadline for Application Submission: Day: Thursday Date: Thursday, April 23, 2026 Time: 03:00 PM |
| 12. | 17.1 | Opening of Applications shall be conducted through: {SYSTEMSHORTITLE} Day: Thursday Date: Thursday, April 23, 2026 Time: 03:30 PM Virtual participation link: https://vendors.epads.gov.pk/ |
E. Procedures for Evaluation of Applications |
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| 13. | 21.1 | Margin of Domestic Preference: Not Applicable (Applicable only if authorized in Procurement Plan) |
| 14. | 29.1 | Prequalification-related complaints / grievances shall be submitted in writing through: {SYSTEMSHORTITLE} A complaint may challenge:
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| Bidder's Type | Required Registration |
|---|---|
|
Sole Proprietorship Partnership Firm Company (Private Limited) Company (Public Limited) Company (Holding Company) Company (Limited by Guarantee) State Owned Enterprise (Private Limited) State Owned Enterprise (Public Limited) |
FBR (NTN) FBR (GSTN) SECP Registrar of Firms |
| Eligibility Criteria | Document |
|---|---|
| a) Company Profile including organizational structure b) Copy of company registration/incorporation certificate c) NTN and GST registration certificates d) Copy of Audited Financial Statements (last 3 years), e) Client references and completion certificates issued to the participating bidders by the clients on their letter heads. f) Details of in-house capabilities (equipment, team, technical team etc.) g) Rs. 100 Affidavit confirming non-blacklisting/non-involvement in litigation. | Yes |
| h) Rs. 100 Affidavit confirming that the bidder is an active taxpayer and has submitted his tax return for preceding fiscal year i) Any other relevant supporting documents | Yes |
Quality Based Selection (QBS)
| Technical Marks | 100 | |
|---|---|---|
| Passing Marks | 70 | |
| Profile of the Bidder | ||
| Profile of the Bidder (Quantitative)(Doc Required) | 17 | |
| Registered age of the Bidder Each year of experience carries 1 point. Experience of less than 3 years carry no points. Maximum Points = 05 (Quantitative)(Doc Required) | 5 | |
| Financial Position: Working capital (WC) (in Million PKR) (on the basis of last year audited financial accounts) WC of up to Rs.20 million carries no marks. Every additional Rs.10 million of WC carries 0.5 mark. Maximum 05 marks (Quantitative)(Doc Required) | 5 | |
| Assets under Management (AUM) of Bidder (s) in Million USD (on the basis of last year of audited financial accounts or NAV statement) AUM of up to USD 10 million carries no marks. Every additional USD 2 million of the AUM carries 1 mark. Max 07 marks (Quantitative)(Doc Required) | 7 | |
| Relevant Experience of the Lead Bidder and /or its Consortium/JV partner | ||
| Years of Managing & Running Fund (s) (Venture Capital / Angel Syndicate) Each year of experience carries 1 point. Maximum Points =08 (Quantitative)(Doc Required) | 8 | |
| Total number of Investment into Start-ups via Fund (s) Each startup invested carries 1 point. Maximum Points = 13 (Quantitative)(Doc Required) | 13 | |
| c. Cumulative Verifiable Investments Amount made by the bidder Each USD $1,000,000 carries 2 point. Maximum Points = 12 (Quantitative)(Doc Required) | 12 | |
| Number of subsequent funding rounds raised by the funded Startups Each subsequent round of startup carries 1 point. Maximum Points =05 (Quantitative)(Doc Required) | 5 | |
| Cumulative Verifiable Revenue Generated by Start-ups invested by the Fund in PKR Cumulative Revenue of less than US $ 700,000 carries no point. Each additional US $ 350,000 carries 1 point. Maximum Points = 07 (Quantitative)(Doc Required) | 7 | |
| No. of VC firms/Institutional Investors in pool with previous successful engagements/ co-investments/ injections in startups. Each institutional co-investor carries 1 point. Maximum Points = 05 (Quantitative)(Doc Required) | 5 | |
| Global presence of the Bidder (s) Investment in each country carries 1 point. Maximum Points = 03 (Quantitative)(Doc Required) | 3 | |
| Project Team Structure (Qualification and Competence of the proposed Team) | ||
| Proposed Team Structure (Quantitative)(Doc Required) | 5 | |
| Existing Team Leader (General Partner) of Bidder Each year of experience of fund management carries 1 point. Experience of less than 2 years carries no points. Maximum Points = 10 (Quantitative)(Doc Required) | 10 | |
| Matching Investment to the Grant by Bidder | ||
| Contribution of minimum US$ 15 million • Every $ 1 M carries 1 point above $ 15 million • $ 15 Million carries 5 marks (Quantitative)(Doc Required) | 5 | |
| Contribution of minimum US$ 16 million (Quantitative)(Doc Required) | 6 | |
| Contribution of minimum US$ 17 million (Quantitative)(Doc Required) | 7 | |
| Contribution of minimum US$ 18 million (Quantitative)(Doc Required) | 8 | |
| Contribution of minimum US$ 19 million (Quantitative)(Doc Required) | 9 | |
| Contribution of minimum US$ 20 million (Quantitative)(Doc Required) | 10 | |
| Contribution of minimum US$ 21 million (Quantitative)(Doc Required) | 11 | |
| Contribution of minimum US$ 22 million (Quantitative)(Doc Required) | 12 | |
| Contribution of minimum US$ 23 million (Quantitative)(Doc Required) | 13 | |
| Contribution of minimum US$ 24 million (Quantitative)(Doc Required) | 14 | |
| Contribution of minimum US$ 25 million (Quantitative)(Doc Required) | 15 | |
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The bidder should submit filled attached forms in EOI.