For any startup in Pakistan the investment landscape and the access to mentorship is tough. As an unfortunate fact, the data suggests that the access to funding is always among the top 3 reasons for startup failure and/or inability to scale.
This is where our startup industry looks up to the startup acceleration programs. To acquaint yourself with the startup accelerators active domestically, you can visit our List of Startup Accelerators in Pakistan.
How many of you working in the startup sector, or hoping to get there sooner than later, keep a tab on the local accelerator scene?
Because today we’re here with just the right kind of news for you!
Invest2Innovate has just announced the application opening for the 7th cohort of its i2i Accelerator.
Why is this development significant, you might be wondering.
Let us explain.
Operating in Pakistan since 2012, i2i Accelerator is a startup acceleration program which has been named one of the top 20 Accelerators in Asia by Gust. It is an innovative program where young entrepreneurs find resources & support to build their businesses & be the change they want.
Graduating 35 startups that have since gone on to raise $5.5M and create over 1500 jobs, i2i Accelerator is essentially an annual business bootcamp. Quite interestingly, 86% of the raised funding has been by their female-led startups. So ladies most definitely have been the rockstars of the six cohorts so far.
For the upcoming cycle of the accelerator program, the selected startup founders shall convene for six in-person weekends between October 2018 and February 2019. They shall receive access to intensive business support to grow their businesses over a course of four months.
What Does a Startup Receive at i2i Accelerator?
This background of the program sounds awesome, but what should you expect to receive as a startup part of the i2i Accelerator?
Here’s a brief review:
Access to 50+ mentors from across Pakistan, including the country’s top entrepreneurs;
Access to the Local Startup Community Across Pakistan
All travel & accommodations covered during the 6 weekends of the program, which take place in Murree/Bhurban, Islamabad, Lahore & Karachi;
Intensive Business Support
Intensive business support on your business, with a proven curriculum focused on lean startup methodology & customer acquisition to get more traction & grow your business;
Virtual CFO who will work closely with you & your team on your financials and get you investment-ready;
5 Minute Marketing Video
5-minute Marketing Video via Morango Films to help raise visibility of your company;
Financial & Technical Support
Amazon Web Services where you get access to $15,000 in AWS Promotional Credit valid for 2 years, 1 year of AWS Business Support (up to $5,000), Access to the AWS Technical and Business Essentials web-based (or instructor-led) training ($600 value per course), and 80 credits for Self-Paced Labs ($80 value);
Opportunity of Investment From the i2i Investment Fund
Access to investors, and the potential of receiving investment from i2i Ventures, i2i’s new seed capital fund.
The catch however is that you don’t have much time left.
The applications for the 7th cohort of the i2i accelerator program close on 31st August 2018. This shall be followed by a rigorous selection procedure.
Visit here and submit your application now!
With a trend of selection rate of 2.5%, you know you’ve to bet all your luck to get in. So what are you waiting for? Remember the clock is ticking and the deadline is 31st August!