Karandaaz Pakistan has invited applications for the second round of Women Entrepreneurship Challenge (WEC) while offering up to Rs 2 Crore investment per team to go with business support for the shortlisted applicants.
The 2018 edition of the WEC encourages women entrepreneurs who have been running their businesses for more than 3 years, inviting them to partake this challenge and win a chance to scale up their companies.
The women-led businesses will be assessed by a panel of judges, with the shortlisted candidates being provided with customized business development support. Exceptional businesses may be eligible for higher investments than even Rs. 2 crores by Karandaaz Pakistan.
About WEC 2018
WEC 2018 aims at helping the businesses grow by offering customized business development plans during the course of the program.
The program consists of two phases namely Phase 1 and Phase 2:
Phase 1 – The selected businesses will be assessed by a team of experts while identifying the business development areas in a bid to facilitate their growth. Based on the assessment carried out in close coordination with the business, Karandaaz will offer customized business development services and mentorship.
Phase 2Â – Those businesses which successfully complete Phase 1 will proceed to the next phase wherein investment pitches will be made before Karandaaz-appointed panel of judges. The panel will choose those businesses which are eligible for investment and Karandaaz will negotiate investment terms with the selected businesses.
Note that Karandaaz will get shares in the chosen businesses, the terms for which will be decided at that time.
Dates to Remember
Below are all the dates you need to know if you are interested in the WEC 2018.
- Applications Open: 19 June
- Last Date to Register: 10 July
- Selection of Businesses: 31 July
- Business Growth Support / Mentorship: 30 August – 30 September
- Pitches for Investment: 30 October
How to Apply?
You can apply for the program at this link:
Eligibility Criteria
If you meet the following criteria, your business is good to go:
- The business must be woman-owned,
- You must be a Pakistani citizen,
- Must have a National Tax Number (NTN) Number,
- Business should be operational for 3 or more years,
- Business can address any sector,
- You can be from anywhere in Pakistan.
For more details about the program and its terms and conditions, visit Karandaaz Pakistan.
