The youthful entrepreneurial culture budding in the country has found its roots in the the growing emphasis over the exciting notion of start-ups and presumably healthier returns on investment in terms of finances. This has triggered more and more people being drawn to the entrepreneurial ring.
Lately Pakistan has seen a flourishing trend of various start-ups competitions across the major cities. Many start-ups competitions have become a regular feature of the entrepreneurial landscape and even the prize money has increased significantly, prompting young entrepreneurs to participate in these national ventures and integrate with the evolving global entrepreneurial trends.
ERUPT – Pakistan’s first student-based entrepreneurial roadshow, came to a conclusion on December 15 with ‘Eye-Automate’ winning Rs. 11,00,000 as seed funding to set the start-up in a smooth motion. ‘Eye-Automate’ grabbed the top spot by beating 200 different start-ups from 15 different universities across the country.
The competition had been hosted and organized by Plan9 in collaboration with Careem. Plan9 is Pakistan’s largest tech incubator launched in August 2012 under the coordination of Punjab Information Technology Board (PITB). Around 200 different startups from 15 different universities pitched their ideas to a panel of esteemed business experts and answered questions about their ideas.
After successfully pitching its idea to a panel of judges in the final round, the team Eye-Automate emerged as the winner of ERUPT 2016 competition. The event had been organized at Arfa Software Technology Park located at 346-B Ferozepur Road, Lahore.
Participants of ERUPT Lahore
9 winners and 3 wildcard entries presented their business ideas in front of a panel of judges and audience in the final round of the 2-days event. All the teams had been given the task of presenting their ideas in 7 minutes, followed by an interesting 3 minutes long question and answer session. The event had a rich attendance of young, creative & aspiring entrepreneurs and new start-ups. The business idea competition turned out to be a remarkable success and all the teams and the participants acknowledged the significance of exposure and experience they availed at the event.
The winning idea from the Superior University: Eye-Automate is a new kind of navigating device which aims to facilitate visually impaired individuals. The Eye-Automate device – employing eye-tracking to record eye movements and coverts the information into a digital data – will help the visually impaired to operate and control things like wheelchairs, computers and other household consumer devices with convenience.
The business idea competition’s final round witnessed 12 teams in total, including two teams from LUMS, COMSATS and ITU, each; and one team from Superior University, UMT, FAST, IBAPU, BNU and UCP, each. Other than the winning business ideas, following ideas made it to the final round:
No Stains Attached of LUMS
Qayaam.com of LUMS
A different take on Airbnb for Pakistan
PaltooPK of COMSATS
Pets classified for Pakistani pet lovers
Portable Telly Medicine of COMSATS
Portable First aid kit for basic medical care, along with critical medications
Track & Drop of ITU
A service similar to Uber, for pick and drop of students
MedMe of ITU
Foodpanda-esque medicines supply advanced service
The Support Group of UMT
A platform to connect patients and therapeutic centers
Stockspot of FAST
It makes stock trading easy for consumers especially millennials
Journal Post of BNU
Interactive digital media platform
Aquaintine of IBAPU
Automatic delivery of safe and filtered water to households and commercial customers
Morrell’s Data of UCP
A service that provides analytical and statistical tools for businesses
Source: Techjuice | Featured image: Plan9 Incubator / facebook