Startup Incubation Programme

 

If you have an idea , business plan , a ready to commercialized prototype and you are looking for incubation at one of leading engineering universities of Pakistan, Apply at our Startup Incubation Programme.

The programme runs two times in a year . Every three months, the submitted applications will be evaluated and an invitation for pitching will be sent to the preliminary accepted teams.

The incubation programme is consisted of 6 months and offers following  services:

 

 

REGISTRATION PROCESS

 

 

 

 

Phase

Deadline

Application Submission Deadline

30th September 2019

Announcement of preliminary accepted applications

3rd October 2019

Interviews of shortlisted teams                         

7th October till 11 October 2019

Interviews results and call for pitching announcement

17th October 2019

Final Pitching

25th of October 2019

Announcement of winners

30th  October 2019

Orientation  and Beginning of Incubation

Ist November 2019

 

 

ELIGIBILITY CRITERIA

 

NED ‘s incubation is all about finding and supporting innovative startups with high commercialization potential. Therefore, for the project to be adequate for incubation, project must score well on the following set of criteria:

ICT-based or ICT-related: The project should be serving any of the broad ICT categories or related to any of its vast inclusions.

Innovativeness: The project must be original, new and an advancement to any of the solutions readily-available in the marketplace or industry.

Readiness:The project must be supported by a working prototype

Entrepreneur-led:The project must be created, conceptualized and led by young entrepreneurs or those who have entrepreneurial traits. Undergraduates and fresh graduates are encouraged to apply. Moreover, the team should be dedicating their full time/efforts to lead the project.

Solving a real problem: Idea must be offering a smarter or cheaper or upgraded or better solution to a real market problem than the existing solutions or solving a future problem or need.

Using Information Technology as a core product or as an enabler to provide a service: the project needs to be focusing on developing a technology related product or providing a service related to any sector but through developing a tool using information technology as an enabler such as developing a mobile/web application, a platform or a software etc.

Commercialization Potential: The project must be commercializable in nature and supported by a clear vision on how to penetrate the target market(s) and how it shall grow from there.

Economic Viability:The project should offer an economically compelling proposition for investors or incubators.

Scalability: The project should have the potential to grow among significant market sectors and within multiple verticals or layers.

Status: Either entrepreneurs with prototypes/ proof of concept or startups that have been in business in less than one year can apply.

Dedication: The project/startup cannot be incubated in another incubator or accelerator at the same time of its incubation at Business Incubation Centre –NED University.

 

EVALUATION CRITERIA

 

  • The uniqueness of the proposed service/product and its commercialization potential.
  • Clearly defined target markets preferably large markets with high growth potential.
  • A well definedcompetitors analysis.
  • The competitive advantage of the service/ product.
  • The skills and expertise of the management team.
  • The prototype maturity
  • The submitted applications should at least include a clear understanding of the following:
  1. - Problem and/or gap in the market and/or need and/or opportunity.
  2. - The Solution with all its features/ description and its current status.
  3. - The prototype current status (include all images and links).
  4. - Market size, core and adjacent markets and the targeted market.
  5. - Competitors and the startup competitive edge.
  6. - Teams skills, experience and qualification.
  7. - The business model, revenue streams and value proposition.
  8. - Got to market, sales and marketing strategies and channels and the plan to acquire the targeted market.
  9. - Financial projection.
  10. - At least one year business and technical comprehensive milestones.

 

REGISTRATION FORM