People in Pakistan are getting moved by entrepreneurship and its benefit. More and more people are looking forward to work in this field. The youth is coming up with life changing ideas.

Dr. Abdur Rehman is the chairman of NEO and he is of one of those who believe that entrepreneurship can bring a great change. He is willing to promote it on Television.

Nabeel A. Qadeer is nominated by the CEO for carrying forward his plan. Nabeel is selected as best bet to design and lead this initiative considering his knowledge and experience in the area of entrepreneurship.

Nabeel, the well known promoter of entrepreneurship in Pakistan. He has been serving Pakistan through PITB’s platform. .

Together with Nabeel , Dr. Rehman wants to start the first ever Pakistan’s Reality business show. The show is named Idea Croro’n Ka (Million Dollar Idea).

The announcement was made by NEO TV on a red carpet ceremony.

According to Nabeel,

“Pakistani youth needs to see relatable stories of young Entrepreneurs. It is these entrepreneurs who will transform Pakistan and television is the best medium to bring them into the limelight.”

Nabeel seems quite positive about the show. He is the content producer of the show and is also the host

What the ‘show’ will do?

This show named, Idea Croro’n Ka; is a platform that will connect investors and entrepreneurs. People have started joining the show and till the date the prominent names like Salim Ghauri, Founder and CEO at Netsol, Naeem Zamindar, Pakistan Country Director and CEO at Acumen and Humayun Mazhar, Founder, CEO and Chairman at CresVentures have joined as investors for the show.

There will new addition of mire business tycoons once the show starts. Dr. Umar Saif , who is the chairman Punjab Information Technology Board  will be joining the show as the advisor.

He will not only be the advisor but being experienced entrepreneur he will share al tactic to make the business climb ladders if success.

In an interview to TV Dr. Saif commented,

“In Pakistan, we need to develop a culture of entrepreneurship, with young people developing an appreciation, appetite, and skill to dream up ideas and develop high-tech startups as viable businesses. This show is an important step to develop this culture and spread the germ of entrepreneurship in our youth.”

The show is planned such that three startups with brilliant idea will be the guests that will seek advice an guidance from experts.  The two other segments are ‘Himmat Karo Pakistan’ and ‘Pakistan kay Superheroes‘ that will be featured.

Himmat Karo Pakistan features those people who are struggling in daily life to make out their living and ‘Pakistan Kay Superheroes’ is a segment that features the success story of an entrepreneur that have made their life themselves and have worked hard to achieve their life.

Hopefully the Business Reality Show goes on air in March 2017.

The post Pakistan’s first Business Reality Show “Idea Croron Ka” to be Launch by NEO TV appeared first on Techlist.

LUMS Center for Entrepreneurship scouting season is here and they have started accepting applications for the Batch 6, expected to start in the third week of September.  More details about the program are below.

About “The Foundation”

The Foundation is a business incubation and acceleration program offered at the LUMS Center for Entrepreneurship. This 4 month program is for the most promising startups from all across Pakistan and scrutinized by the Foundation Council. There are only the best startups led by passionate founders pursuing a sustainable, high-growth or high-impact venture make it to the program.

Program Details

The Foundation takes away most administrative hassles so that founders can focus on developing their ventures. Mutually agreed upon milestones are used to gauge startup development throughout the 4-month incubation/acceleration cycle and successful ventures are showcased at an investor conference upon graduation. The Foundation also offers a non-resident acceleration program for founders of existing, young companies to avail its mentoring and investment networking platform.

The Foundation hosts 3 batches of startups in a year and offers the following benefits:

• Up to 4 months of access to co-working office facility at LUMS
• 24×7 utilities including power, internet and phone
• Shared access to IT and administrative infrastructure & resources
• State of the art video conferencing system
• Access to LUMS labs, library, gym & other common access facilities
• Access to the world-class faculty at LUMS
• Continuous support from the world-class management of LCE
• Marketing and PR support from LCE
• Regular mentoring and advice from seasoned leaders
• Access to investors at the Startup Summit
• Sustenance stipend for up to 4 co-founders

Even though the startup founders do not have to pay for any of these services from out of their pockets, they will need to part with equity/shares in the company. The equity ranges from 2.5% to 7.5% depending on the services availed.

2.5% equity required for startups that want to be part of the non-resident accelerator program. This program is good for those who only want access to LCE’s mentoring sessions, talks, limited marketing/PR support and the rights to pitch their idea at the Startup Summit.

5.0% equity required for startups who wish to avail everything except the cash stipend. They can be part of the resident incubation program with all services and LUMS facilities.

7.5% equity for required startups who want everything that “The Foundation” has to offer in order to reach their maximum potential.

Deadline for Applications

The deadline for submission of applications is 20th August 2016.

For any additional queries, you can reach them out at lce@lums.edu.pk.

You can find more information for the “The Foundation” incubator and accelerator program here.

Apply Here

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