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The Foundation Application - Batch 7

Mar 1 - Jun 30 | Lahore, Punjab, Pakistan

http://www.lce.lums.edu.pk/
National Incubation Center Lahore is the most comprehensive experiential development platform for startups in Pakistan.

About this Program

LUMS Center for Entrepreneurship (LCE) is Pakistan's most comprehensive experiential development platform for budding entrepreneurs that formalises the process of scouting, grooming and facilitating passionate startup founders.

The Foundation is a 4-month long flagship incubation/acceleration program of LUMS Center for Entrepreneurship that provides new entrepreneurs and their startups with mentoring from industry leaders, office space, utilities, marketing, PR support and modest sustenance stipends in exchange for a small equity interest/shareholding in the business.

Mutually agreed upon milestones are used to gauge startup development throughout the incubation/acceleration cycle and successful ventures are showcased at LCE's flagship investor summit upon graduation. Even though startup founders do not have to pay for any of the services from their pocket, they are required to part with some equity/shares in the company so that LCE has a vested interest in each of its startup. The equity ranges from 2.5% to 7.5% depending on the services availed from Incubation without Stipend, Incubation with Stipend and Acceleration.

More details about the program can be found at https://lce.lums.edu.pk/the-foundation

Industries

Agriculture, Business Products, Business Services, Clean Technology, Computers and Peripherals + 14 more