LUMS National Incubation Center, Lahore (NICL) has launched applications for its eighth cohort with the aim of inspiring, engaging, enabling and facilitating innovative entrepreneurs ready to tackle Pakistan’s critical problems.

NICL’s goal is to partner with visionaries, intuitive problem solvers and business enthusiasts to incubate a greater percentage of companies that address a great business opportunity and attract investment capital for growth. . Through its focused approach to providing training and networked support to technological change actors in Pakistan, NICL serves as a launching pad for start-ups, strengthening the country’s nascent entrepreneurial ecosystem.

“With a focus on high impact sectors such as education, health, agriculture, finance and environment, NICL aims to harness the power of new technologies such as artificial intelligence, cloud , blockchain, 3D printing and the Internet of Things. NICL to enable real impact and scalable business success, ”commented Saleem Ahmad, President of NICL.

“Our renewed vision envisions greater participation of business leaders and experienced professionals who seek value creation and problem solving by pivoting their expertise towards entrepreneurship. We can help them with the resources to fill in the gaps in their efforts to build a business around their idea, such as training, connecting mentors or partnering with co-founders and teammates, ”he said. he adds.

Admission to the NICL program is a competitive process. Nominations are reviewed by members of the NICL Foundation Board, which includes successful entrepreneurs with a wide range of backgrounds who have themselves raised significant capital for growth, as well as active angel and venture capitalists. in Pakistan. Once the start-ups with the greatest potential for impact and success are selected, they are exposed to a meticulous program offered by top LUMS professors at NICL and international experts.

Course content includes essential knowledge for budding start-ups with modules on design thinking, business strategy and modeling, marketing and market research as well as legal and financial aspects of entrepreneurship. They also have access to state-of-the-art laboratories to facilitate the prototyping of their solutions. This applied approach, complemented by tailor-made workshops and mentoring from LUMS alumni, helps turn abstract ideas into tangible reality.

The program paves the way for the Investor Summit, where start-ups have the opportunity to pitch their ideas and interact with early-stage venture capitalists.

This is an exclusive opportunity for passionate problem solvers and courageous entrepreneurs looking for the right advice to catapult their ideas to success.

The application deadline for Cohort 8 is 25^e July. Interested candidates can access the application form on niclahore.com/apply.

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