Home Business LUMS Appoints NIC’s Foundation Council

LUMS Appoints NIC’s Foundation Council

Furthering its mission of training a generation of future business leaders, the National Incubation Centre (NIC) at LUMS is delighted to appoint a new Foundation Council (FC), comprising of the leadership of some of the most successful Pakistani start-ups. “NIC is thrilled to elicit support from Pakistani role model entrepreneurs for our future generation of problem solvers. I’m confident that our continued efforts to connect ideas with people and capital will yield positive outcomes for Pakistan”, said Saleem Ahmad, Chairman, NIC Advisory Board, speaking of the formation of the Council.

 

Making up the Council, are dynamic Pakistani entrepreneurs and investors including Aatif Awan, Founder and Managing Partner of Indus Valley Capital, a Pakistan-focused early-stage Venture Capital fund that has led investment rounds for Atoms, Airlift, Aimfit and Bazaar; Saba Gul, Founder and CEO of Popinjay, an ethical e-commerce retailer with a supply chain spanning Pakistan, Vietnam, and China. MIT-educated engineer turned entrepreneur, she was most recently a Director of Product at VentureDive, a technology studio in Karachi; Hamza Iqbal, Founder of Healthwise, a health-tech start-up incubated at NIC LUMS (formerly LCE) which has raised US$700,000 from 47 Ventures; Junaid Iqbal, former Managing Director of Careem Pakistan and Careem Pay, is an investor and partner at Mentors Fund, and Chairman of Salt Arts, music, art, and entertainment agency; Muneeb Maayr, Founder at Bykea, the largest network of motorbikes serving on-demand transport, logistics, and payment services in Pakistan. Previously, Maayr was Co-Founder and CEO at Daraz.pk, Pakistan’s leading eCommerce platform, acquired by Alibaba Group, and Qasif Shahid, CEO and Co-Founder of Finja, a fintech start-up focused on providing accessible financial services to Micro, Small, and Medium Enterprises and their stakeholders. The Council will be joined by NIC Advisory Board members Saleem Ahmad, Zehra Hyder Ali, and Ali Mukhtar.

 

The Foundation Council, together with the NIC Advisory Board, will provide guidance to the Foundation program by selecting its sixth cohort of aspiring entrepreneurs from a large and diverse pool of applicants; and coaching, mentoring, and connecting them for success. Funded by Ignite, the Foundation is an immersive six-months long program designed to help young Pakistani entrepreneurs develop their ideas into an investor-ready business plan, benefit from a network of experts and business leaders, culminating in a capstone Investor Summit.

 

The renewed vision for NIC is focused on problem-solving in high impact areas for Pakistan—agriculture, education, environment, health, financial inclusion, and applications using machine learning and artificial intelligence—with success determined as fundraising for growth. “Raising capital from investors is incontrovertible evidence of commercial viability and conviction in the entrepreneur team, and our new FC embodies just that”, commented Saleem Ahmad, about the choice of council members. Dr. Alnoor Bhimani, Dean, School of Business, LUMS, added,“Our start-up community has a lot to learn from the successes and mistakes of our FC members in navigating to great success; while FC members will have a gratifying engagement with the next generation of innovators and an opportunity to contribute to their success.”

 

NIC Lahore aims to build a comprehensive entrepreneurial ecosystem, with LUMS at its epicenter, and support of Ignite, Ministry of Information, Technology, and Telecom, and Fatima Ventures, to help maximize the growth potential of Pakistani entrepreneurs.NIC’s renewed vision expands upon the LUMS ‘Learning without Borders’ agenda that aims to create an environment of inclusion, unity, and boundless knowledge to develop innovators, leaders, and change-makers who can contribute to the community and economic development of Pakistan.

Must Read

Mobilink Microfinance Bank joins the coveted global club of ACCA Approved Employers

Mobilink Microfinance Bank Ltd. (MMBL), Pakistan’s largest digital bank, has been recognized as an Approved Employer for its outstanding employee development and training initiatives...

TECNO brings exciting discount offers on Daraz Mobile Week 2021

Lahore – Friday, June 18, 2021: TECNO brings exciting offers for the fans on the Daraz Mobile Week 2021. There will be up to...

vivo Introduces Amazing Offers for Daraz Mobile Week 2021

vivo presents amazing offers to its customers in collaboration with Daraz.pk for Daraz Mobile Week 2021 starting from June 16, 2021. The customers are...

Jazz partners with Sinch to secure A2P messaging for its mobile subscribers

Sinch’s Managed SMS Firewall and A2P Services to deliver spam and fraud protection for 69 million Jazz subscribers     Islamabad – June 16, 2021: Sinch AB...

realme Brings Jaw Dropping Discounts on Daraz Mobile Week 2021

Lahore, Pakistan – Thursday, June 17, 2021: The month of June is getting more excited for realme fans as the company has brought in fantastic...