Lahore’s entrepreneurial landscape is expanding rapidly. With new startups emerging daily, local investors are finally looking to put their money into businesses other than construction and stocks.
MIT Enterprise Forum Pakistan has organized Startup Lahore, a two day conference, which will bring together angel investors, mentors, entrepreneurs, speakers, tech companies, accelerators and media onto one platform. Startups will have access to a network of local and foreign investors as well as mentorship and training sessions.
The event is scheduled for the 26th & 27th January, 2017 at Arfa Software Technology Park, Lahore with over 3000 attendees, 150+ startups and 30+ investors.
“In the last decade, Lahore has transformed itself into a technology hub,” stated Dr. Umar Saif, Chairman of PITB and Vice Chancellor of ITU. “With our startup and investor ecosystem building up steam, Startup Lahore has come about at an opportune time. This will be a fantastic opportunity for all entities to network and showcase our talented community.”
One of the key activities under Startup Lahore, is Startup Rumble, an online platform which will allow entrepreneurs to submit a business idea in 350 words with a short description of their team. All this information will be available for public viewing and scrutiny. A voting system has been incorporated to make the platform more interactive and to maximize its reach to the public. The forum on the website will allow people to interact with each other and comment on different ideas. By doing so, founders have the opportunity to tweak their business ideas accordingly.
The finalists of Startup Rumble will be chosen based on the highest number of votes, commercial viability of their business idea and the strength of their team. The selected teams will be invited to Lahore where they will present their ideas along with a detailed business plan in front of a jury and an audience. The top three teams will receive prize money and an opportunity to be accelerated at the PlanX.