NICL invites applications for 8th cohort

LAHORE : The National Incubation Center at LUMS (NICL) has launched applications for its eighth cohort with the aim to inspire, engage, enable and facilitate innovative entrepreneurs ready to solve critical problems for Pakistan.

According to a press release NICL’s goal is to partner with visionaries, intuitive problem solvers and business enthusiasts to incubate a greater percentage of businesses that address a large commercial opportunity and attract investment capital for growth.

“With a keen focus on high-impact sectors such as education, healthcare, agriculture, finance, and the environment, NICL aims to channel the power of new technologies such as artificial intelligence, cloud, block chain, 3D printing, and the Internet of Things to enable real-world impact and scalable business success,” commented Saleem Ahmad, Chairman, NICL.

Induction to the NICL program is a competitive process. Applications are reviewed by members of NICL’s Foundation Council, which includes successful entrepreneurs with a diverse range of experiences who have themselves raised significant capital for growth, as well as angel and venture investors active in Pakistan. Once the start-ups with the most potential for impact and success are selected, they are exposed to a meticulous curriculum offered by NICL’s top tier LUMS faculty and international experts. The course content comprises essential knowledge for budding start-ups with modules on design thinking, strategy and business modelling, marketing and market research as well as the legal and financial aspects of entrepreneurship. They are also given access to state-of-art labs to facilitate prototyping of their solutions. This applied focus, complemented by bespoke workshops and mentorship by LUMS alumni, is instrumental in sculpting abstract ideas into tangible reality.

The application deadline for Cohort 8 is 25th July. Interested applicants can access the application form at niclahore.com/apply.