Click below to apply to The Foundation, the business incubator and accelerator of LUMS Center for Entrepreneurship.
Apply
 
Please keep the following in mind when applying. If you do not agree to any of the rules and terms of the application to apply to The Foundation below, do not proceed *



1. Apply if what you are proposing is either a high-growth commercial business or a high-impact, sustainable social venture in any domain/field/industry.
2. If you have a super secret business idea that you will be uncomfortable sharing with mentors or pitching in front of a hall full of contest participants and judges, DO NOT apply. But we do suggest that you read "Why you shouldn't keep your startup idea secret" by Chris Dixon, a leading venture capitalist. http://www.cdixon.org/2009/08/22/why-you-shouldnt-keep-your-startup-idea-secret/
3. Please adhere to 'max words/character count' guidance with each question.
4. We reserve the right to accept or reject any application without assigning any reason.
5. Only successful applicants will be notified about next steps via email address provided so make sure your emails are correct and that you add lce@lums.edu.pk as a trusted email sender.
6. We generally use social media (Facebook, Twitter and our website) for announcements, so make sure you follow/subscribe to us on all these platforms. Follow us on http://www.facebook.com/lumscent and http://www.twitter.com/lumscent 
7. In consideration for their time, expertise, finances and other resources being made available by LUMS, LUMS Center for Entrepreneurship, or any other entity associated with LUMS, its mentors, judges and The Foundation Council - all collectively referred to as 'LUMS & its Affiliates' - to foster and promote entrepreneurship in Pakistan through this and similar events, each applicant hereby voluntarily releases 'LUMS & its Affiliates' from any liabilities, responsibilities, and accountability relating to or arising out of their participation in this application process, evaluations and any follow-on proceedings.
8. All applicants understand and agree that all proceedings of the event will be recorded as photographs or video and later broadcasted publicly on internet, TV, radio and any other means of mass communication, with or without editing or time lag and hence give their consent for the same without any compensation.
9. Applicants are responsible for their own travel, boarding and other expenses incurred for participation in the follow-on proceedings at LUMS.
10. If selected for incubation, you agree to relocate to Lahore and bear all expenses related to the relocation and work out of The Foundation, our business incubator.
     
 
The Foundation offers three different programs, each requiring varying amount of shareholding in your venture.
Visit the following link for more details :
http://lce.lums.edu.pk/the-foundation/

 
This is an application for: *


 
Founder's name? *

 
Founder's phone number? *

Enter a valid phone number, it is of definite use.
In strictly the following format. (Please don't use +92 or 92 format)
0322xxxxxxx , 0300xxxxxxxxx etc
 
Founders CNIC? *

Enter a valid CNIC exclusive of dashes (-).
e.g. 9638080937471
 
Founder's address? *

Include city and country please.
 
Founder's institution/organization? *

If you're a graduating student, write the name of your institution. If you are part of a company/organization, write its name. If you don't have any, just leave blank.
 
How many founders are there?* *


 
Please give basic information of maximum 3 OTHER co-founders*. If less than three, leave the remaining blank

*OTHER than the founder you previously stated
 
First co-founder's name?

 
First co-founder's phone number?

 
First co-founder's CNIC?

 
Second co-founder's name?

 
Second co-founder's phone number?

 
Second co-founder's CNIC?

 
Third co-founder's name?

 
Third co-founder's phone number?

 
third co-founder's CNIC?

 
The name of your startup/venture? *

 
Give a brief description of your product/service *

Keep it under 200 words
 
Have you raised any capital/funds for your venture? *

     
 
Now tell us a bit about the founding team

 
How long have the co-founders worked together on a common project? *

Work together on a past project or employment falls under the ambit of this query.

 
How do the co-founder's skills and experiences complement each other for this business?

 
Is the founding team willing to be based in Lahore for the 4 month duration of the project? *

 
Now tell us a bit about your startup

 
Are you already incorporated? *


 
How much cash has been invested in this project thus far? *

Please enter a number in PKR. No service contribution in exchange for equity or similar deals.
 
How much time has the team spent on this venture in months? *

Give a numerical value IN MONTHS
 
What is the total number of employees - including founders - working on this venture? *


 
Your target market is next on our agenda

 
How do you find customers or plan to find customers in the future? *

 
How do you plan to distribute your product/service to your customers? *

 
What is the size of your target market? *

In PKR or USD (Specify) and please justify your answer.
 
Now tell us a bit about your product/service

 
What are the major customer problems and needs that you are trying to address? *

 
Do you have a website with a demo/mockup or a link to a video of your product/service (under one minute)?

 
What kind of progress has your business made? *


 
How did you measure your project's above mentioned progress? *

i.e. if you have a non-revenue customer traction, what is the metric you are using for measuring? If you have revenue, is it recurring? Is it growing?
 
Now its time to tread onto your market and domain

 
Why did this idea appeal to you and your team? *

In under 200 words
 
Do you have any competition in your market space? Who are they? What makes you different from them? *

Keep it under 200 words
 
What is your revenue model? How will you collect money from your customers?

 
Financials

 
What are your current monthly operating expenses to keep this venture afloat? *

In Pakistani Rupees
 
During its lifespan, how much revenue has your project earned you? *

In Pakistani Rupees
If you're pre-revenue, just write '0'
 
How much revenue will your business generate in the next 24 months?

 
How many users/customers will your business have in the next 24 months?

 
In the time span of the last month, how much cash has your project earned you? *

In Pakistani Rupees.
If you're pre-revenue, just write '0'
 
Do you intend to raise money in the future? When and how much? *

 
If you're looking to raise money, what do you intend to use it for?

Please provide a high level breakup
Thank you {{answer_1518999}}!
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