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LUMS Center for Entrepreneurship welcomes its second batch to The Foundation Incubator

by Farwa Mahmood November 22nd, 2014

 

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After a tough competition between startups scouted fromall overPakistan, 8 teams are selected as the second batch at The Foundation

 

Lahore: The Foundation Business Incubator at LUMS Center for Entrepreneurship has recently completed the scouting and induction process for its second batch of startups.

The new batch, as usual, was open for aspiring entrepreneurs from all over Pakistan. Over 35 short-listed startups were considered for incubation or acceleration at the Foundation and about half were presented to the illustrious Foundation Council for final selection. The selection involved founder interviews and evaluation of the business models by leading entrepreneurs and businessmen of the country.

With the new batch, a few changes have also been introduced based on the feedback from the first batch of entrepreneurs. The program is now following a weekly theme of topics, objectives and activities. For the first two weeks, the startups completed an intense Entrepreneurship Development Program which gave these startups a much-needed initial boost. Following this has started the regular program with weekly milestones, sessions by mentors and other activities.

This time around, five startups have been inducted in the incubation program and three start-ups have been selected for the accelerator program. The incubated startups include, H&O Solutions which is a one-stop shop for home maintenance and repair services. AutoGenie offers auto maintenance service at doorstep or nearest workshop. P for Plan is a comprehensive marketplace that connects individuals, event planners to venues by procuring event management related services. Scontly is a discount-based, hyper-local, digital marketing solution for businesses and Jewelry Design Pro is an online marketplace for trading digital downloadable designs of jewelry. Among the three accelerated startups, Fictive Labs offers smart home solutions that bring the control and management of electric appliances in homes at the consumers’ finger tips through their mobile phones; Appify Systems offers ease of browsing and ordering food online, food delivery services and customer order tracking; and A.H Paper Products provides recycled paper and packaging solutions for businesses.

Talking about the second batch, Khurram Zafar, the Executive Director of LUMS Center for Entrepreneurship said “There was a lot of IT focus in our first batch and I am pleased to see the startups and entrepreneurs are choosing to diversify into other sectors also. Seven out of the eight businesses from first batch are operational and several are negotiating with investors for funding. We have similar high hopes from our second batch as well.”

The second batch is due to graduate in February, 2015 with a coinciding investors summit as before.

 

 

LUMS introduces the first batch of The Foundation incubator at LUMS Center of Entrepreneurship

by Rafaeel Akbar Chaudhry June 20th, 2014

LCELUMS Center for Entrepreneurship, recently inaugurated by Pakistan’s leading businessmen, including Syed Babar Ali and Mr. Abdul Razzak Dawood, has already inducted its first batch of startups into The Foundation business incubator.

LUMS, the nation’s most prestigious higher education institution, built the Center for Entrepreneurship with the vision to make it the largest breeding ground for sustainable, high-growth and high-impact businesses in Pakistan.

The management of the center, headed by Mr. Khurram Zafar, an entrepreneur himself, as well as an independent council of leading entrepreneurs of the country scout for promising upstart businesses all over Pakistan and inducts the most promising ones into this four month program. The Foundation offers co-working space, utilities, internet, and other administrative support to the startups as well as access to a network of world-class mentors, business leaders and investors who guide and groom these young, passionate entrepreneurs. The center is also collaborating with investors to put together a seed stage investment fund for the startups as well as collaborate with business center developers to offer subsidized office space to the graduates of the Foundation program.

The teams that have been inducted as the first batch of The Foundation includes, Cognitica which develops augmented reality based mobile and marketing solutions. Beed, based on research done at LUMS, this team is working on making all broadcast content interactive with the aid of smart phones. Savaree, this company is building a trust-based, ride share social network that allows drivers to monetize the free passenger seats in their cars by posting routes and connecting with riders that share that route. Bugdev Studios, a team of very passionate mobile game developers and designers that build and publish creative, fun, action-packed games that make people think, feel and enjoy.

Other start-ups include BizClout, a one-stop solution to fully e-commerce enable SMEs with-in 15 minutes using a proprietary content management and ecommerce platform. The company offers value-added products to promote and market these online brands as well. MARO, oven baked bread (tandoori Roti and Naan) is one of the most commonly consumed food item in Pakistan and MARO aims to setup a network of ‘Tandoors’ that provide healthy bread and an immaculate consumer experience at the same price as traditional ‘Tandoors’. Appography, the company aims to improve the customer experience by introducing a visual navigation IVR (Interactive Voice Response), in a clutter-free, simplified and more consumable manner on customer smart phones.

Speaking about the Center, the Executive Director, Mr. Khurram Zafar said “Entrepreneurship is the future of our country and LCE aims to scout the best entrepreneurs from all over Pakistan and provide them everything they need to succeed and turn their dreams into realities.”

The Foundation is one of the many innovative projects under the LCE banner with other centers in progress such as the Skills Commercialization Centre and a Corporate Innovation Center amongst others.

 

 

Plan9: A Vision and A Will

by Rafaeel Akbar Chaudhry August 6th, 2013

“Roofi, in our meeting with Mian Shahbaz Sharif, it has been decided to set up a Government Technology Startup Incubator. Dr. Umar Saif has been asked to make a proposal regarding it.”  A friend informed me over a phone call when I was in Canada. He was amongst the people who attended the first public meeting of IT professionals with Punjab’s Chief Minister last fall at Arfa Software Technology Park. Though I am no longer an ardent fan of incubators after experiencing various startup ecosystems, but a country like Pakistan where there are no government grants and incentives, I thought it was a right move provided it being executed well. Some of us had seen the PSEB experiments in the past so my only concern was that they need right people in the team to make it a successful program. Therefore I immediately wrote a note to Dr. Saif with few suggestions and he was quite kind to reply promptly.

If there’s one industry in Pakistan where entrepreneurship is erupting nowadays, it would be none other than the technology sector. The low startup capital required for a technology company as well as the general appeal of computers to young minds make it the go-to industry for anyone hoping to make their mark on the entrepreneurship landscape. And in that sector, if there’s any one organization that has emerged as a hub for tech entrepreneurship, it would be Plan9 – PITB’s Tech Incubator (more…)

 

The Social Media Experts, Transforming Entrepreneurial Dreams Into Realities | Coffee Shop Gurus

by Rohan David Emmanuel August 27th, 2012

 

Team | Coffee Shop Gurus

Team | Coffee Shop Gurus
Back L-R: Hasan Talal, Momna Chaudhry, Buraira Gerwal, Jaiser Abbass, Muhammad Asid
Front: Rohan David

Coffee Shop Gurus (A project of Green & White Pakistan) is a Social Enterprise of Social Media Experts. It is Pakistan’s First Real Entrepreneurial Incubator platform that promotes entrepreneurs working in any domain. Yes! It does not matter that whether you are starting a Home Bakery or making some Mobile App, Coffee Shop Gurus incubates them all from the grass root level. Here young entrepreneurs join hands with experts and bring to reality their entrepreneurial ideas. Promoting women entrepreneurship in Pakistan is a high priority.

During the incubation process the entrepreneurial ideas are put through strict process that polishes the idea. Due to a number of gurus attached to single idea, the attendees of the program get various view point about the same thing which helps in building a true market analysis. Coffee Shop Gurus aims to establish Pakistan’s first true incubation center that nurtures number of businesses all together in one place. We strongly believe that future of Pakistan is in the hands of youth and promoting youth for entrepreneurship at the time of economic depression is the best contribution to boost the development of Pakistan.
Making to the training process takes a lot of scrutinization of the entrepreneurs. After the nomination of the entrepreneurial projects and the interview process, the projects that make out alive are ready to be the part of Coffee Shop Gurus training process. To make the entrepreneurial projects successful, they go under rigorous training for 5 weeks. The meetings are held every Saturday, during the training session, which are mandatory for the entrepreneurs to attend. The week breakdown is: Week 1: Idea Tailoring & Branding, Week 2: Business Planning, Week 3: Marketing on Social Media and Internet, Week 4: Sales & Networking & Week 5: Reviews.
The syllabi and training process of Coffee Shop Gurus has develop after almost 2 years of research work on environment of incubation on the Pakistani Culture. The process has been exactly tailored to the requirements of this region. With a great deal flexibility with in the program, it can also be replicated around the world with almost no changes. The project holds the honor of conducting various country wide researches on social media and its behavior in Pakistan.
Coffee Shop Gurus is also building a knowledge base on entrepreneurial content by transforming the foreign content on entrepreneurship according to local requirement on research basis. Coffee Shop Gurus’ Blog can be visited at and do not forget to look for our Social Media case studies. Don’t forget to like Coffee Shop Gurus on Facebook.

 

Coffee Shop Gurus @ TEDxSummit, Doha, Qatar

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