Categories: Startups

LUMS Center for Entrepreneurship opens its ‘Acceleration Program’ for startups on a rolling basis

The Foundation at LUMS Centre for Entrepreneurship (LCE) has now opened its Acceleration Program on a rolling basis instead of just once every 4 months. LCE will allow two or three startups to be a part of The Foundation, only if the startup fulfills the criteria. This decision was made after they were approached by several promising startups for acceleration during off season.

You can send in your applications for incubation if your startup is based on a high-impact business and has launched a beta version of product in the market. Your startup must have a strong and committed team of 4+ founders or early employers. Additionally, the startup’s growth trajectory should align with currently incubated startups at the LCE at the time when it’s joining the cycle.

The selected startups will join at the same cost as other accelerated companies i.e. 2.5% equity. They will be able to extract the kind of value they are looking for at LCE i.e. mentoring, networking, investor summit access, etc. Moreover, the startups will be offered 24/7 utilities, IT and administrative infrastructure & resources, stipend, and other recreational on-campus activities.

The startups accepted into the current batch of The Foundation will only qualify to pitch at the Investors Summit if they go through at least 3 weeks of financial and business models refinement and investor pitch training. Others will need to wait till the next summit.

Interested startups are requested to fill this form and send it to lce@lums.edu.pk before February 15, 2015 so they can be evaluated by LCE management and the Foundation Council.

Sponsored
Sarwat Fatima

Sarwat is a journalist and DIY enthusiast. She loves writing about Startups and Businesses. She is heading Islamabad and surrounding areas for news coverage.

Share
Published by
Sarwat Fatima

Recent Posts

Rs158 Billion Spent on Importing Mobile Phones to Pakistan in the Last Five Months

According to data from the Pakistan Bureau of Statistics (PBS), Pakistan imported mobile phones worth…

1 hour ago

EU Concerns Over Pakistan’s Military Court Sentences May Impact GSP+ Trade Benefits

The European Union (EU) has expressed concern over the recent convictions of 25 civilians by…

2 hours ago

SBP Announces December 25 as a Bank Holiday

The State Bank of Pakistan (SBP) has officially declared Wednesday, December 25, 2024, as a…

2 hours ago

Greentree Holdings Ltd Aims for 35% Stake in TRG Pakistan

AKD Securities, the manager of the offer, informed the main stock exchange on Monday that…

3 hours ago

PTV Faces Criticism Over Misleading Chemotherapy Statements

ISLAMABAD: On Pakistan Television (PTV), medical experts raised serious concerns over false information on chemotherapy…

3 hours ago

OpenAI Rolls Out Advanced Voice Mode for macOS ChatGPT App

OpenAI has introduced Advanced Voice Mode to ChatGPT's desktop applications for macOS apps, enabling users…

4 hours ago