The NUST International Acceleration Program (GAP) – is a pioneering acceleration program. Sponsored by the US Division of State it goals to spice up post-revenue Pakistani startups and gives them a worldwide launchpad.
The native expertise entrepreneurial ecosystem is in its nascent stage and thus pose a problem for Pakistani startups to make it large on a world platform. Home demand for high-tech options stays low as a result of growing nature of the economic system and due to this fact shoppers resist adopting expertise merchandise. Subsequently, startups discover it laborious to develop as they’ve restricted entry to larger markets and fail to draw shoppers. The native entrepreneurial ecosystem continues to be growing due to this fact there’s a lack of enterprise capitalists, discipline consultants, and mentors. Subsequently, NUST’s International Acceleration program won’t solely profit the collaborating startups but additionally undertaking Pakistan in a world market.
NUST International Acceleration Program is at the moment anticipating functions. The startups will get three months of coaching in Silicon Valey. The International Acceleration Program will choose 12 post-revenue startups, present them an workplace house on the varsity’s Know-how Incubation Centre for 12 months, and speed up them in Silicon Valley for 3 months. The startups will likely be related with related mentors and area consultants, traders, and worldwide shoppers. The target will likely be to current Pakistan’s best startups within the excessive tech clusters of Silicon Valley, validating their merchandise within the US market and ultimately looking for funding. Eligible startups must switch 5 % of their fairness to NUST,
Candidates are required to submit their entry here by April 20th, 2018. The certified candidates will comprise the primary batch of the Silicon Valley program that’s scheduled to start on July 1st, 2018.
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