NICL Welcomes it’s 4th Batch in Full Swing
The Foundation Council is one of the most important events conducted by the LUMS National Incubation Center, Lahore. Every time a new cohort of start-ups is to be incubated within the NICL facility, a grueling process of selection is conducted. This begins months prior to the actual orientation and includes various minor and major steps that ensure the streamlining of some of the brightest entrepreneurs in the city are brought into the facility.
For Batch 4 the Foundation Council received a staggering number of applications, out of which 56 were chosen to present in front of the esteemed judges. These start-ups ranged from food, agriculture, robotics, fashion, consultancy, lifestyle to many other niches that promised global impact.
How the Foundation Council Works?
NICL prides itself for its selection process; our FC includes some of the finest names from within the industry and is conducted within several meticulous steps. The initial step marks the reception of applications that are then vetted through interviews conducted by our team members including Kaleem Ullah, Yaser Awan and Faisal Sherjan. Once the application count is brought down, the final pitches are heard by our judges during a daylong event held biannually.
The FC Judges
The foundation council members include Ali Mukhtar the founder and CEO of Fatima Ventures, Omar Shah the CEO Colabs, Barrister Ahmed Uzair from Ahmed Uzair & Co, Hamayun Azhar, the CEO of Cres Ventures, Hassan Altaf the Resident Director at Crescent Steel, Dr. Bilal Zafar the CEO at Dr. Bilal Zafar Veterinary Sciences, Ain ul Abideen the Marketing Manager at Samsung Electronics, Ahmed Hanif the CEO at Khaleef Technologies, Dr. Suleman Shahid, Assistant Professor HCI/UX Design at LUMS, Rehman Adil, the Expert Associate Partner at McKenzie, Khurram Zafar, the CEO of 47 Ventures, Dr. Zartash Uzmi, the founder of Confiz, Fatin Gondal, the Co-founder at WebWorks.pk, Mohammad Faisal Mirza, a management professional and strategist, Mahrukh Ali Malik, the CEO of Insta Print., Saad F. Akhtar, Media and Marketing Strategist, Shoaib Zahid Malik, Chairman Punjab Industrial Estates, Adam Mohyuddin, Manager at Khaadi and Dr. Ehsaan ul Haque Professor at SDSB LUMS. The decision making process is moderated by members from within the NICL management team.
Welcoming Batch 4
Once the start-ups are scored by the judges based on the set criteria, the top tiered one’s are selected for incubation. For batch 4 the selected start-ups are as follows:
- Car Helpline,
- Kuch Khaas,
- Mudeser Ali Fitness Pro,
- Stitch Karao,
- Plus One,
- Mini Tractor,
- Agricultural Engineering Services pvt Ltd.
- Mechatronics Engineering Solutions,
- Zero Mika Startup and
Orientation for Batch 4
On July 30th the start-ups were given a warm welcome by the NICL team during their orientation. NICL management team member Rida Khalid began the orientation with a quick ice-breaking activity that required every member of the new batch to share one unique aspect about themselves. This was followed by an introduction of each team member to the start-ups so that during their incubation process they are aware of how they can benefit from each member’s area of expertise during their tenure. Kaleem Ullah later took the floor to ensure the NICL facility stood aware of the expectations the entrepreneurs had from the facility to not just maximize productivity but their satisfaction as well.
We ended the fun, engaging and hyped orientation with a group photo to mark the commencement of the journey of all the ideas that made it through. We wish our entrepreneurs the very best of luck and hope to play pivotal roles in escalating their idea to the heights and benchmarks they wish to see themselves on!