Microsoft Innovation Center and Punjab IT Board Startups Incubation Program

Job Description

Microsoft Innovation Center, Lahore, and Punjab IT Board together create startup opportunities to enable the startup’s ideas by incubating and tech help.

Microsoft Innovation Center is a unique incubator designed to promote innovation in startups. The main idea of Microsoft and the Punjab IT Board behind the program is to transform the high-potential software startups into successful businesses.

Under this program the Microsoft Innovation Center – Lahore is inviting applications from those startups who wish to be incubated at Microsoft. After the application process, 13 startups will be shortlisted. Out of these 13 shortlisted startups, the top 3 startups will be incubated at Microsoft Innovation Center – Lahore for 6 – month to 1 year period and the remaining 10 startups will be given business and technical training.

Startup companies with innovative ideas are encouraged to apply for the program regardless of their prior experience.

Below are the Microsoft Innovation Center and Punjab IT Board Startups Incubation Program’s eligibility criteria and benefits.

  • All the members of the applying company should be Pakistani citizens.
  • The team must have at least 2 members.
  • Only Microsoft technology and platform will be used for implementation.
  • Ideas and proposals cannot be for a research project, for lobbying activities, or for charity-based or foundation-based.
  • MIC Lahore does not select ventures that are planning to rely on donations and grants as their main source of revenue.

Also Read: Top 5 Global Accelerator Programs of 500 Startups

Enrollment Process:

  • Applicants will submit their project entities to the Steering committee through 3-4 pages summary covering the following elements:
  • Team Details (names, profiles, contact)
  • The Problem and their proposed solution (clearly and concisely)
  • Innovation in the solution (What’s new or different)
  • Impact of the solution (gain in efficiency, productivity)
  • Target market/audience
  • Effectiveness
  • Customer references (if any)
  • Sustainability Model / Financial Plans

Selection Process:

Microsoft Innovation Center, Lahore will finalize the entries for Evaluation after the pre-qualification criteria approved by the Steering committee.

Entry Level shortlisting will involve evaluation by two panels:

  • Scoring performs by judges by reviewing the executive summaries
  • Interviewing teams scores by mentors

13 startups will be shortlisted on the judge’s scores and mentors feedback:

Top 3 startups will be selected for incubation, mentoring, Business plan, and product review.

And other 10 startups will go through the training phase only.

Benefits:

The top 3 startups will be incubated at Microsoft Innovation Center, Arfa Karim Technology Park, Lahore. All shortlisted teams will also have access to the following facilities.

  • BizSpark Access

All 13 shortlisted startups will receive invitations to enroll in the Microsoft BizSpark Program provided they meet the eligibility criteria. With Microsoft BizSpark Program, the startups will receive access to:

  • Software

Latest Design & Development Tools

Production Licenses to host a “Software as a Service” Solution

  • Support

Microsoft Developer Network (MSDN)

MSDN Library

2 Technical Support Incidents

Customer Support

  • Global BizSpark Community

Visibility

Online Startup Directory

Besides BizSpark, visibility will also be provided to startups through the following:

Select Events by Microsoft and Punjab IT Board

The network of Local Startup Organizations and Experts in the Community

  • Technical and Business Training

All 13 shortlisted startup companies will be provided with Technical and Business Training at the MIC Lahore incubator.

  • Working Space

In 13 shortlisted startups, only Top 3 companies will get Office Space along with basic hardware, internet, and network.

  • Product Testing Lab

All 13 shortlisted companies will have access to the Product Testing Lab at the MIC facility, which includes Windows Phone Devices, Multi-touch Devices, and Xbox 360 for the purpose of testing their apps/solutions.

Note: Top 3 teams will be informed of the complete offering of the program including Incubation, Mentoring Support, Training, and Reviews of Business Plans and Products. The other 10 out of 13 teams will be informed of their enrollment in the program by sending out complete program details to them including information about training topics, calendars, venues, and other program details. Click here for more details.

Related Article: Top 10 Startups in Pakistan 

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