Disney’s quote, perhaps, best explains the success story of Farhan Masood, who has been recognised as one of the world’s brilliant minds by Massachusetts Institute of Technology earlier this year for his product – world’s fastest retina and face scanner algorithm called SmartXS.
Masood’s dream – to build a Pakistani product and turn it into a global one – came true this year after he won the MIT Business Acceleration Plan contest, a highly competitive annual event whose objective is to help Pakistani IT, ITES, telecom and new media companies improve their business.
Of the 165 participants that compete in this contest, some members of top teams also get a chance to attend an entrepreneurship development programme at MIT in Cambridge, USA.
After a winning performance in the contest, Masood joined the list of MIT alumni. He has just returned after attending a course at MIT, one of the world’s best educational institutes. Those who attended this programme previously had benefited a great deal.
According to Pakistan Software Export Board’s website, some of the companies that participated in this programme saw their revenues grow by 5 to 10 times and valuation increase by 15 times. Giving the example of Sofizar, the PSEB’s website stated that the company’s revenue increased from less than $1 million to $30 million in two and a half years.