Sponsoring Agency: Accelerate Prosperity
Type of Fund:
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/20/2021
Size of the Fund: Not Available
AP’s Incubation Service is an international certification program accredited by E4Impact by Altis – University of Cattolica for startups and businesses with weak revenue streams. AP runs its business incubation cycle once every year where select startups receive a three months’ long tailored training and advisory, mentoring and required financing to set up a business idea or grow an existing startup.
This program is designed for young aspiring and existing entrepreneurs with an innovative business idea or a startup who are looking for a platform to start or grow a successful business. Innovative startups/ ideas with high growth and high impact potential are the ideal clients. People who have significant entrepreneurial spirit and strong commitment to growth are most likely to succeed and benefit from the program.
Entrepreneurs completing their business training and advisory program will improve their capacity to execute and realize their business ideas and enable them to qualify for the final pitch session. Entrepreneurs meeting all assessment requirements of the training and advisory program will also qualify for international certificate in entrepreneurship by Accelerate Prosperity and E4Impact Foundation of Altis School of Business (Italy). International Certificate in Entrepreneurship (ICE) is a joint initiative of Accelerate Prosperity and E4Impact Foundation of Altis School of Business (Italy).
Eligibility Criteria
• Entrepreneurs who aim to launch a business anywhere in Pakistan are eligible to apply
• New, innovative and unique business ideas offering highly value adding, scalable and technological solutions and demonstrating potential for causing positive economic and social transformation will be preferred.
• Businesses from ALL sectors can apply.
• Not-For-Profit business ideas or institutions are INELIGIBLE to apply.
• Each entrepreneur should submit ONLY one application. Submission of multiple applications may result in disqualification.
Assessment Criteria
• Business Criteria
o A unique and innovative business idea with a potential for causing or contributing to positive economic and social transformation.
o A clear market niche, sound target market and customer base.
o Realistic competitive advantage in terms of price, quality and easy/ large access.
o Strong revenue and profit models, potential for scalability and growth.
o Strong value chain effect.
o Impact potential.
• Personal Criteria
o Strong entrepreneurial traits, including (but not limited to) leadership qualities, risk taking, street smartness, ability to do more with less etc.
o Coachable team, including (but not limited to) openness to advisory, learn, ability and openness to constantly iterate, adapt and evolve based on changing conditions, realities or assumptions etc.
o Past experience in doing business, or as an employee in a similar industry, or subject matter expertise relevant to the product/ service.
More information at: http://pk.accelerateprosperity.org/business-incubation/
