PSEB’s Smart Plug and Play Incubator

Here are the details of an Incubator that was launched recently. It is an ideal opportunity for young entrepreneurs, graduating students with good final year projects that can be converted into products, current 3rd year and final year students and anybody who has a good idea to get support from this initiative. We believe that the key to making a venture successful is sound business and technical advice and each incubate company will be assigned a pair of mentors, one technical and one business.

Details are copied below and avaialble at,
http://www.pseb.org.pk/item/pseb_incubator

PSEB’s Smart Plug and Play Incubator

Do you have a great idea and need support to execute it and build it into a viable product or a service? We can support you!

We are looking for?

Teams of 1-5 people, “want to be” Entrepreneurs of the following type,

Professionals who have already been in the industry 0-10 or more years
Students in their 3rd year or 4th year who have a promising final year project or otherwise would like to work on a new idea
Anyone who has a decent idea that can change the world or at least make a difference in the life of at least a few thousand other people
Student teams lead by a professor
Any weird combination of the above

What do you need to have?

A lot of passion
A half decent technology driven business idea that can at least change the life of a few thousand to a few million people, the more the better
An idea that can get to a product or at least a working prototype (not smoke and mirrors) in 6 months or less

What will we provide?

Space to hang out, that is, office space with Internet connection, sever, desk, chair and a computer
Some seed capital to buy a computer or other equipment
Monthly stipend to cover food and transportation, rest is your sweat equity
Adult Supervision, that is, two mentors assigned to each company, one technical, one business.

What are the criteria for selection?

As stated before, a promising idea that can get to a product or a working prototype in 6 months or less
A software or software utility that is commercially viable
A software or software utility that is aimed at ICT4D
A software, microcontroller system or utility that can serve a commercial purpose or a national need
A gadget, circuit or electro-mechanical device/contraption that is relevant to a few thousand to few million people (preferably driven by a microcontroller but not necessary).

Why we think it will work?

Dedicated team of Advisors will work with you with at least one monthly face to face meeting and one fortnightly phone call meeting.
The Advisors will be accomplished individuals who are either good technologists or successful business persons. They will help you shape your idea, help with tricky technical problems and make your product/service viable.
We believe mentorship is the most important ingredient of a successful Incubator, facilities coupled with smart advice.

How can you apply?

Send a one page proposal outlining your idea, what problem it solves and why it is (or can be) relevant to at least a few thousand people toincubator@pseb.org.pk <mailto:incubator%40pseb.org.pk>  with a subject Application for Incubation. Don’t worry about commercial success at this stage. Please include your name and a phone number to contact you and your university if you are currently a student.
Also look for us at industry events where we will hold quick elevator pitch sessions (you will have 5 minutes to impress us with your idea)