About this Program
National Incubation Center Lahore powered by 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 National Incubation Center Lahore 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 NIC Lahore'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 NIC Lahore 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
Agriculture, Biotechnology, Business Products, Digital Marketing, Education