About this Program
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
- Funds up to ₨1M per team
- Takes up to 7.5% equity
- Accepts 15 companies
Agriculture, Business Products, Business Services, Computers and Peripherals, Consumer Products