Applications Open for first batch of NetSol NSPIRE

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Applications Open for first batch of NetSol NSPIRE

Back in August, we told you about NetSol’s plans to introduce its own startup incubator NSPIRE. The goal has now been achieved and the first batch of NetSol NSPIRE is open for applications. The program is designed to give opportunities to the best young talent in Pakistan in the IT business sector. If you are an IT entrepreneur and are looking for some professional grooming, this program is tailor-made for you.

NetSol NSPIRE comes with the VISION:

Become the main hub of research and development for technology and non-technology driven start-ups

Have sustainable and high-growth/impact of commercial ventures in tech industry

Following is their MISSION STATEMENT:

Help young entrepreneurs reach their visionary destination through incubation and entrepreneurial best practices

NetSol-NSPIRE-incubation

NetSol NSPIRE will be a five-month prolonged incubation program. It gives a chance to inspiring entrepreneurs to pitch their dream idea. The idea will then be evaluated through extensive screening process. The top 5 startups will get access to NetSol’s advanced resources. They will be able to enjoy the following services:

  • Access to NetSol’s International Offices
  • Leveraging NetSol’s Extensive Global Network
  • Excellent IT and Computing Expertise
  • Cutting Edge Technological Facilities
  • Chance to work in a Fast-paced, Real Business Environment
  • Possibility of a Business Arrangement with NetSol
  • Mentorship and thematic workshops by NetSol and Industry Experts
  • Purpose-built Incubation Facility

NetSol-NSPIRE-program

NetSol will also provide dedicated working space of maximum 4 persons per team to the selected startups. The selected startups will be expected to comply with 7.5% equity stake with NetSol. The NSPIRE startups will be getting mentorship from the firm’s executives. They will have workshops and trainings to help boost their skills.

To apply for NetSol NSPIRE program, you need to prepare complete outline of it in your mind. Afterwards, note down the idea and also write the names of two members of your team and their roles. Now, prepare a 90 seconds long video that demonstrates each and every major aspect of your idea. Upload the video to Vimeo. Now, visit NSPIRE.com.pk and download the Word template. Fill it with the required details as a draft. Visit the link again to fill the online form for final submission.

You can apply for the program till 17th October 2015. The top five startups will be announced at the end of November 2015. The startups will get induced in first week of December in Lahore for next five months.

Unlike Plan9, NetSol will not be paying you any stipend. However, MONEY is not always something that matters. You will surely be learning a lot from this incubation program.

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