Do you have any innovative idea? If so, you can stand a chance to earn 1 million rupees to fund the idea, thanks to VentureLab.
In collaboration with Pakistan Innovative Foundation, VentureLabs is Pakistan’s first ideas and product accelerator for professionals.
VentureLab takes you through a 5-month long rigorous, but guided, process to validate the idea – and your own potential as an entrepreneur – with the help of extensive hands-on mentoring by industry leaders and experienced entrepreneurs with a real stake in your success, a rigorous and tested curriculum that helps you advance your idea, and access to global networks.
It provides a unique opportunity for people with innovative ideas at their disposal.
On top of added incentive, financially, access to prototyping support is also provided by the organization to give you the best opportunity to succeed.
It involves a five step process, which is:
- Business Planning.
- Investment Readiness.
- Go To Market Strategy.
- Prototyping.
- Ideation and Design.
Criteria For Qualification at Venture Lab
- Have a ground breaking idea with the potential to become a global commercial opportunity.
- Have unrestricted and undisputed intellectual property ownership of your idea as an individual or a team.
- c) Willing to commit a significant amount of time for the next 5 months dedicated to validating your idea while keeping your job!
- Willing to consider quitting your job after VentureLab process or entertain the possibility of handing over your idea to an entrepreneurial team working with you.
- Willing to become a startup CEO/CTO/CSO to put in stupendous amounts of time after VentureLab process to make your idea a global commercial opportunity.
To enroll, you must fill in this pre-application form after which you will be shortlisted and contacted regarding your idea.
Last date for application submission: 15th January, 2017.
1 million rupees is a not a very attractive amount for professionals.