F u n d e d b y I G N I T E , M O I T T

NIC Times Volume IIJanuary

The team at the National Incubation Center Lahore wishes everyone a happy, healthy and prosperous New Year.

#Success Stories Cohort II Cohort IIICohort II

Our journey from the previous quarter is filled with exciting news, celebrity guest sessions, outbound tours and exposure visits to various prestigious institutes within the country. We are also excited to announce the winners of the third cohort and to talk about the impact created before we dive into the New Year with bigger ideas and worthwhile plans.

Trash Masti

Agri Mart

Vceela

3022

15

Startups Incubated

Startups Incubated

QualifiedStartups

NIC Industry Tour

Outreach Campaign

One of the core aspects of the NIC Incubation program is our stress on experiential learning. We bridge the gap by taking our incubated start-ups within the industry so that they may interact with Industry Leaders. The industry tour included an insightful and interactive visit to 10 start-ups located within the city. The incentive of this visit was to allow our start-ups the exposure needed to overcome challenges by listening to the stories of those who started their journeys in a similar manner.

To incubate the best of the best from the entrepreneurial world, the team at NIC Lahore put belief to practice and visited various institutes to encourage them to apply for incubation within the facility. The sessions were held in the major universities: FAST Lahore, UoL, UCP, UET Fsb, FCCU, PUCIT, UMT, UET Lahore, UET KSK, UoA Faisalabad, PU, UoG, UVAS and Arid Agriculture university Rwp. Participants were given the opportunity to come up with ideas on the go and thus encouraged to take them to the next level through NIC.

Asif Raza MirOne of the most prominent sessions out of the 27 notable ones was with the reputable Asif Raza Mir. He shared his experiences as an entrepreneur and advised the incubated startups to never avoid or fear failure. Deliberating over his own journey and encounter with failure he recalled challenges of endeavoring in the entrepreneurial world. He stressed on the importance of taking risks as a startup and approaching new ideas head on.

Mir voiced his understanding of working in both Pakistan and Canada and claimed that despite the struggle and success; it was his love for his country that brought him back. He urged the startups to benefit from the raw Pakistani market and take it to new heights of success. Asif Raza Mir also expressed his admiration for the diversity of startups incubated at NIC and wished them the very best for their respective futures.

Post an insightful and interactive session, Mir said; “Don’t be afraid of failures but don’t get greedy either. Keep the bigger picture in mind and pursue your dreams with utmost dedication. There is no stagnancy on the road of success; pursuing a dream means being on a rocky ride with overwhelming highs and disturbing lows. Throughout it all; keep the bigger picture in mind and go for it. Everything else follows.”

1. LokSavariAdventures 2. Vectorinks3. Cinch 4. Apna furniture Pk. 5. Mountainise 6. Advertelligent7. Milkify 8. Send2World

Cohort III Foundation Council Results9. SOOP10. Alrrish Du Ciel11. Parents Ease12. Sabzi Box13. Hybrid 3D printer14. The Robotics club Pakistan 15. Girly Things16. Straw Hat

17. SE Drop18. Smart Switch19. RentEasy20. Sleepy Turtle21. Cosmic Perspective22. TAAJIR

#Success Stories Cohort II

USAID

Karandaaz

Trash Masti

AgriMart

VceelaFounded by Farrukh in 2017, Trash Masti epitomizes the vision to ease the trouble that comes with recycling industrial, commercial and household waste. This innovative startup not only allows facilitation when it comes to scraping of waste but also allows individuals to keep

the environment clean. They use purely eco-friendly processes to get rid of the waste collected. All the clients are required to do is click a button and representatives from Trash Masti collect the waste, thus reducing their effort and time spent.

USAID is an international development agency and is powered by its desire to derive developmental results. Over the years the work done by USAID is to advance the country’s national security and allow it to prosper economically. They have enabled the tone of generosity and promotion of self-reliance and pliability.

Karandaaz Pakistan signed grant agreements with the winners of its third ‘FinTech Disrupt Challenge’ at a ceremony in Islamabad. The annual challenge, run with the support from the Bill & Melinda Gates Foundation, funds startup ideas that use technology to bring financial services to the underserved segments of economy and create a social impact. In this round, Karandaaz invited FinTechs to design and present solutions in nine thematic areas including payments, interoperability, consumer/retail banking, regtech, insurtech, mobile wallets, loyalty programs, lending, and savings.

AgriMart is a one window platform that is easily accessible to the agri community and can be used for complete agri-ecosystem and sustainable agriculture. The start-up provides financial inclusion of low income farmers by creating a marketplace that contributes to the agriculture economy. This allows local farmers that often sacrifice their profits to increase the transparency in their sales. It also insures them and their products giving them financial and job security. Through the use of the platform provided by this startup, the local farmers and buyers become eligible for product insurance and services for practical purposes.

Congrachulations team AgriMart!

Vceela founded in 2015 by Akeel Khalid functions as a social enterprise striving to empower local artisans. Through this platform they bring together artists from various parts of Pakistan to local and international markets by selling their products. Vceela not only increases

employment this way but has also become a source to revive the dying arts of the country. Vceela is a platform which brings good causes, ethical businesses and great people together to create a meaningful change.

www.niclahore.lums.edu.pk www.linkedin.com/in/niclahore/ www.instagram.com/nic.lhr/twitter.com/NICLahore

National Incubation Center Lahore, Syed Babar Ali School of Science and Engineering, LUMS, DHA, Lahore, Pakistan 54792

karandaaz.com.pk/media-center/news-events/karandaaz-pakistan-continues-promote-fintech-innovation-grants/