Incubation Program

NIC Quetta – The Incubation and Acceleration Program is a 4-6 months long, intense, offered at NIC Quetta to the most promising startups scouted from all across Balochistan and beyond, and scrutinized by the Foundation Council. Only the best startups led by passionate founders pursuing a sustainable, high-growth or high-impact venture make it to the program.

The Incubation and Acceleration Program takes away most administrative hassles so that founders can focus on developing their ventures. Mutually agreed upon milestones are used to gauge startup development throughout the incubation/acceleration cycle and successful ventures are showcased at an investor summit upon graduation. The Incubation and Acceleration Program also offers a non-resident acceleration program for founders of existing, young companies to avail its mentoring and investment networking platform.

The Incubation and Acceleration Program offers the following to the startups:

Up to 6 months of access to huge co-working office facility at NIC Quetta
24×7 utilities including power, internet and phone
Shared access to IT and administrative infrastructure & resources
State of the art video conferencing system
Access to BUITEMS labs & other common access facilities
Access to the world-class faculty at LUMS and BUITEMS
Access to first ever to be built MakerLAB in Pakistan
Continuous support from the world-class management of NIC Quetta
Marketing and PR support from NIC Quetta
Access to world-class Smart Class Room
Regular mentoring and advice from seasoned leaders
Access to investors at the Startup Summit

Following are the verticals startups can apply for:

Agri-Tech
Artificial Intelligence / Machine Learning
Aviation
Big Data / Data Sciences
Biotechnology
Computer Vision
Education / Edtech
Entertainment / Digital Media
Environment
Fintech
Food / Food Technology
Healthcare
Mobility & Last Mile
Nanotechnology
Plastic Abatement
Retail-Tech / Distribution-Tech
Robotics & Automation
VR / AR

Even though the startup founders do not have to pay for any of these services from out of their pockets, they will need to part with equity/shares in the company. The equity ranges from 2.5% to 5% depending on the services availed as depicted below.

Startups can be a part of our non-resident acceleration program which only offers access to NIC Quetta’s mentoring sessions, talks, some marketing/PR support and pitching rights at the Investor Summit. This program is for startups at later stages of growth. Most of the startups selected for acceleration are post revenue, have their business models figured out and executed and are looking to take their businesses to next level. Induction in acceleration is also subject to evaluation of your business.

Everything listed above, is offered for resident incubation program including 24×7 access to Incubation co-working space and other facilities and services at NIC Quetta.

Incubation Program

Acceleration 2.5% Equity

Incubation 5% Equity