Our Incubation Model
Incubation Process
The 6-month incubation program starts in June and ends by December. The program provides training and mentoring to the selected start-ups on various subjects such as, intellectual & legal protection, digital branding & sales, strategy & product development, and agile project management.
Mentors are engaged with the start-ups throughout the incubation period in developing their ideas. The selected start-ups have to achieve milestones during this period which includes, but not limited to, developing a proof of concept, MVP, financial & marketing plans, and a business case.
Incubation Cycle
SKK Incubation is a 3-stage cycle as follows:
Stage 1: Pre-Incubation – Identification of new quality start-up teams with the potential to grow and succeed. Select teams with innovative technology-based ideas which are relevant, feasible and supported by pre-concept research.
Stage 2: Incubation – During this 6-month incubation stage, start-ups are able to develop business concepts that are complete, tested and bankable, supported by a business pitch, MVP and an investor-ready business plan.
Stage 3: Post-Incubation – This stage is related to the activities that will be carried out, to support start-ups, when they have completed their incubation (Stage 2) and have reached a feasible phase to run their businesses independently.
Incubation Model
SSK Incubation Center’s business model is comprised of seven pillars that enable it to achieve its strategic goals.
Infrastructure – A well-established state-of-the-art facility equipped with advanced resources to support the startups from ideation to implementation. Using advanced technological resources, both virtual and in-person programs are conducted.
Tech-Enabled ESG Innovations – Incubating startups with novel ideas driven by technology and innovative ESG segments such as; fintech, AI, robotics, 3D printing, biotech, blockchain and e-commerce.
Capacity Building & Mentoring – A structured training and mentorship program to increase early-stage start-ups’ chances of success by providing a full-scale range of training courses specifically designed for new start-ups. Our training program is conducted using both virtual and face-to-face delivery methods.
Financial Viability – Cultivating a sustainable mindset to ensure financially viable growth & development of the startups.
Funding Mechanism – Established seed (early-stage capital) and equity funding mechanisms for the startups incubated at SSKIC.
Industry & Academia Linkages – Located in Korangi industrial hub, SSKIC has established a vast network of venture capitalists, equity investors and academia to promote research, innovation and commercialization.
Post Incubation Support – Provision of continuous support to startups in the post-incubation period through investor readiness program in order to secure Series A and B financing.
Trainers & Facilitators
Our trainers provide valuable guidance and advice to startup founders to navigate the challenges and common pitfalls as well as provide insights to the industry trends and best practices. They hold startups accountable for meeting their goals and staying on track with their business plan. In the uncertain, overwhelming, and stressful business environment, their emotional support and encouragement help startup founders to stay motivated.
Syed Azfar Hussain
Program Manager at National Incubation Center. An inspiring and motivational organizational leader with first-rate interpersonal skills and the ability and passion to develop the vision of an organization. Possesses vast managing experience in ensuring that clear objectives and expectations are delivered and maintained.
Mafia Khan
She is focused on blending Technology and Business Strategy for Digital Transformations. With a proven track record of driving innovation in a range of Technology & eCommerce organizations over the last 9 years, she became a huge advocate of the MVP approach of shipping early and often.
Rizwan Khan
He is a qualified ACCA (UK) and also holds a BSc (Hons) Applied Accounting and a certificate in Financial Markets, Trading & Analysis. He is a CGMA (powered by CIMA & AICPA) endorsed trainer of Finance Business Partnering. Certified Chartered Accountant, investment finance & strategy professional internationally experienced in managing teams, enhancing financial performance, driving business development, growth & leading decision making at C Level and Board.
Dr. Owais H. Shaikh
Intellectual Property Specialist with Fifteen years of well-rounded practical and academic experience in intellectual property (IP) law, policy, and business both on a national and international level. A legal advisor at KwikTrust and, Startup mentor at National Incubation Center in intellectual property (IP) law.
Aaqib Sayed
Results-producing Senior Marketing & Business Professional with a proven record of accomplishment in planning and leading comprehensive marketing strategies in support of business goals and objectives. Expertise in directing the creation of marketing communication tools and steering the execution of marketing programs for both Offline & Online Brands.
FAQs
Yes, you can apply if you are residing in Pakistan and are registered with the HEC recognized university.
Three and above (maximum five).
The funds will be disbursed in installments. The schedule of disbursement will be aligned to the milestones achieved and will be developed at the start of the project.
No. ONLY one proposal can be submitted by one team.
If you are receiving Grant after winning the challenge, it is mandatory that you attend our Incubation Center for the duration of the grant. That said, each situation will be assessed, on a case by case basis, and an applicant may be declared ineligible depending upon the individual’s circumstances.
We discourage any re-submissions. However, we may consider it under special circumstances. In that case, please send your requests at sskbic@iobm.edu.pk.
Yes, if they are from the universities recognized by the Higher Education Commission.
Project timeline and schedule will be shared after the final selection and at the start of the project.
We will adapt accordingly as per the new norms. The sessions can be held remotely or we’ll explore other means to ensure smooth execution.
