Kinnaird Business Incubation Center (KBIC) has selected 17 Business Startups for 1st Cohort and signed a contract with them.
In this regard, a ceremony was held at Kinnaird College for Women (KCW) which was attended by Principal Kinnaird College for Women Dr Rukhsana David, KBIC Team Prof Dr Ghazala Yaqub, Ms Meashall Usman, and incubates.
The regular session of the 1st Cohort of Kinnaird Business Incubation Center will start on 1st April 2023 for which 17 startups have been called among which 10 are virtual while 7 are physical.
The selection process of the 1st Cohort of Kinnaird Business Incubation Center consisted of different phases. In the first phase, an announcement was made regarding Call for 1st Cohort on the website of Kinnaird College for Women. In response to the call for applications for the 1st cohort of KBIC, a huge number of applications were received, out of which 46 were shortlisted after desk evaluation.
In the second phase, the Pitching Competition was organized. Pitching Competition was organized to select the first batch of Incubates for the Kinnaird Business Incubation Center. As per HEC guidelines, we have exercised extreme caution in inducting the right incubates based on its established criteria. In this event, applicants were supposed to give the presentation of their proposed Business Models (3 min presentation followed by 3 min Q&A session) in front of Jury members composed of Industrial experts, Academic experts, HEC representatives, and the KBIC Team.
While addressing on occasion, Principal KC Dr Rukhsana David said, KBIC is the 1st Women Business Incubation Center of its kind that is exclusively for women and aims to support women to set up their businesses, enhance their entrepreneurship skills and overcome the challenges they are facing in the market. A grant of 35.5 million was won for the establishment and operations of KBIC by the Office of Research Innovation & Commercialization, of KCW, she added.
She went on to say that Kinnaird Business Incubation Centre (KBIC) is committed to facilitating its students with the conversion of its research outputs into commercial ventures. KBIC is committed to edifying knowledge and is passionately ready to transform young women into future entrepreneurs, who can have a real impact on the world.
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