Tuesday, 20 November 2012

PSEB’s Smart Plug and Play Incubator for Stduents of CS/IT/SE/TC/CE

http://www.pseb.org.pk/pseb-programs/incubators-program.html

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? PSEB can support you!

We are looking for?
Teams of 1-3 people, “want to be” entrepreneurs;

1. 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.
2. 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.
3. Student teams lead by a professor.
4. Any weird combination of the above.

What do you need to have?
1. A lot of passion
2. 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.
3. An idea that can get to a product or at least a working prototype (not smoke and mirrors) in 6-12 months.

What will we provide?
1. Space to hang out, that is office space with Internet connection, sever, desk, chair and a computer.
2. Seed capital Rs.500,000/- to buy a computer or other equipment.
3. Monthly stipend Rs.15,000/- to cover food and transportation; the rest is your sweat equity.
4. Adult Supervision, that is, two mentors assigned to each company, one technical, one business.
5. Opportunity to showcase the company and its product/service at a Demo/Pitch Day

What are the criteria for selection?
1. A promising idea that can get to a product or a working prototype within 6-12 months
2. Mobile Application/Services/Content Development (minimum of 10 companies will be selected that meet this criteria)
3.Commercially-viable software or a software utility
4.Software or software utility that is aimed at ICT4D
5.Software, micro-controller system or utility that can serve a commercial purpose or a national need
6.Hardware solutions

How can you apply?
1.Write a proposal outlining your idea, what problem it solves and why it is (or can be) relevant to at least a few thousand people. Don’t worry about commercial success at this stage.
2.Look for PSEB at industry events where we will hold quick elevator pitch sessions (you will have 5  minutes to impress us with your idea).

Please download Application Form regarding  PSEB Incubator Program & TORs from the above link:
Fill the form and send it to incubator@pseb.org.pk:

Selection Criteria of the Companies1). A promising idea that can get to a product or a working prototype within 6-12 months
2). Mobile Application/Services/Content Development (minimum of 10 companies will be selected that meet this criteria)
3). Commercially-viable software or a software utility
4). Software or software utility that is aimed at ICT4D
5). Software, micro-controller system or utility that can serve a commercial purpose or a national need
6). Hardware solutions