MIT Enterprise Forum Pakistan (MITEFP) in collaboration with Information Technology University (ITU) is holding a two-day conference "Startup Lahore" laden with the finest investors, entrepreneurs, mentors, speakers, tech companies and accelerators on January 26 and 27, here at Arfa Software Technology Park.
Over 3000 attendees, 150 plus start-ups, and 30 plus investors will participate in the moot. MITEFP is a global organisation of dedicated professionals associated with the Massachusetts Institute of Technology (MIT) through MIT Technology Review and is one of the 24 world-wide chapters looking to engage stakeholders of the entrepreneurial ecosystem and make a difference through innovation and technology. In order to realise these goals, MITEFP is hosting Startup Lahore.
About the event, Dr Umar Saif, Advisor to the Chief Minister Punjab, Chairman of PITB & MITEFP and Vice Chancellor of ITU said, "In the last decade, Lahore has transformed itself into a technology hub. With our startup and investor eco-system 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 features of Startup Lahore would be the Startup Rumble. It is a platform that will make it viable for entrepreneurs to submit a business idea of no more than 350 words. All the ideas would be subject to vote. The finalists will be chosen on the basis of votes, highest number of votes, commercial viability of their business idea and the strength of their team, and will be invited to Lahore to present their ideas as well as a detailed business plan in front of a jury and the audience. Start-ups will be competing for prize money of Rs 1 million and a chance to be accelerated at PlanX - a project of Punjab IT Board.
The moot will provide start-ups access to a network of investors and training opportunities for "yet another business" to recognise their best potential. This is an initiative to shape the technology entrepreneurial landscape of Pakistan through activities that will stimulate entrepreneurship in youth, start-ups and corporations at the same time.