The Karachi Institute of Technology and Entrepreneurship (KITE) is holding a startup competition next month. The winners will be rewarded with a fully-funded trip to the Oslo Innovation Week, happening in Norway in October. Not only that, but they will also be given a chance to meet investors and get incubated.
KITE-Oslo Startup Challenge
The KITE-Oslo Startup Challenge (KOSC) is primarily targeted at budding Pakistani startups that have the potential for significant positive influence. Their objective is to further strength and grow the entrepreneurial community in Pakistan.
They plan to achieve that by giving the entrepreneurs of Pakistan an opportunity to battle it out for a chance to pitch their startups at the Oslo Innovation Week in a fully-funded trip.
They will also offer extensive support from a broad business network, pro-bono development services and put the winning entrepreneurs in touch with Norwegian investors. Lastly, there is a month of all-expenses-paid incubation from Startup Lab, a Norwegian incubator.
The KOSC is sponsored by KITE itself and is being arranged in partnership with the City of Oslo and Startup Lab. Pakistan’s second largest mobile operator, Telenor, and IKT-Norge, the core interest group of Norwegian ICT industry, are also sponsoring the event.
Should You Apply?
Are you running an innovative startup that has the potential to be transformed into a viable business? If yes, then you definitely should apply.
Your business idea doesn’t even have to follow the already existing industry standards. If it’s creative enough and has a viable business market, you should go ahead with it.
How to Apply?
Head over to the Google form given over here and register yourself. You will also need to attach a short video pitch and concept note for the initial screening.
Do note that you need to meet a certain criteria to be eligible for this competition:
- You should be a resident of Pakistan.
- You should be working full-time on your start-up for the past six months.
- You should have a participating team of not more than 3 members.
When and Where?
It will consist of five rounds. After the application process, selected participants will then be asked to submit their plans by the 5th of September. In the third round, they will give elevator pitches to a panel of judges.
Finally, in the fourth round, shortlisted teams will give 15-minute detailed pitches of their startups. Out of these, just three finalists will be selected and will go on to Oslo for the final round!