In today’s competitive and modern world where new ideas are budding every now and then, entrepreneurship has become a highly sought-after career path for many. However, entrepreneurs are often unsure about the path they should take to give life to their ideas.
They wish they had a support team to help them launch their business. For those entrepreneurs who need additional help, accessing a small business incubator program may be the right path.
Business incubators and accelerators are organizations that assist entrepreneurs in launching their startup businesses until they are successful enough to branch out on their own.
Many small business incubators assist startups with office space, IT services, mentors, investors, and development resources; however, some incubators provide specialized assistance as well. We have listed the top five incubation centres of Pakistan that will support you in your entrepreneurial pursuits through a range of activities and services.
1. Microsoft Innovation Center
As evident from the background Microsoft has, it is primarily a technological incubation Centre. The Microsoft Centers are situated across the globe at more than 100 locations with success stories from different countries. What can be better than learning from Microsoft professionals? They provide various entrepreneurial workshops to help creative minds sharpen their ideas and create a masterpiece. If you wish to progress in the field of technology, no platform can provide a better space than Microsoft.
2. PLAN9- PITB
Plan 9 PITB (Punjab Information Technology Board) is a Lahore based tech incubator. It started in August 2012, and since then it has been home to many successful startups like TiketKataao, Qayaam, HomeStove and many more. They promote a free work environment and provide all the necessary equipment needed for a startup. In addition to that, they provide training and mentoring sessions as well.
3. LUMS Centre for Entrepreneurship
The LUMS Centre for Entrepreneurship was ranked #1 in Pakistan by GUST Accelerator Report 2015 for Asia and Oceanic Region. It is based in Lahore and aims to provide investment plans for startups which show potential and they initially offer a vigorous 4-month training program to train new entrepreneurs for the business world.
4. Social Innovation Lab
The Social Innovation Lab’s incubator situated in Lahore, Punjab, and ‘The Hatchery’ is Pakistan’s only social
enterprise incubator geared to the needs of passionate, social innovators, big on ideas but lacking in the means and experience necessary to achieve their vision. They use an indigenized curriculum and 4-month mentorship program, which combines humanistic perspectives on poverty alleviation, rural development and inclusive marketing with the latest insights on sustainable business practices.
5. Innovation District 92
It is a Lahore based incubation centre to fulfil your wish to be trained by the best in the industry. This incubation centre aims to include the practice of ‘thinking’ in education, of ‘innovating’ through ideas and knowing how to ‘change’ with the evolving trend. They claim to believe in ‘Change Makers’ emerging as a result of sustainability-driven by innovation and entrepreneurship.
Leadership, Personality Development And Entrepreneur Training Centres In Pakistan
1. Foster Learning Pakistan
Foster Learning Pakistan is a leadership skill-developing organization among youth, which helps Pakistani youth to secure a dream job or start a career as an entrepreneur. Their main motto is “YOU vs YOU” through which they tend to provoke their applicants to compete with none other than themselves and conquer a better you with each passing day. It is a social enterprise with international collaborations, aiming at empowering Pakistani youth through its Leadership Program which helps to develop the skills, essentially required to have a successful career as a professional or as an entrepreneur.
2. MIT Enterprise Forum Pakistan
MIT Enterprise Forum Pakistan has launched a Startup School, which offers a six-weeks-long training program to help young entrepreneurs and provide startups with resources and tools to better complement their startup needs. Through a blend of online and offline learning best suited to Pakistan-based startups.
From team building to communication skills, business strategies to marketing tools, professional trainers will bring insights from their industry experience to ensure startups make the most of this rigorous program.
3. Institute Of Business Administration (IBA)
IBA AMAN CED collaborated with Nestle Pakistan for the promotion of entrepreneurship by launching an
Entrepreneurship Development Program. IBA certificate program has been developed with a special focus on developing the entrepreneurial and managerial skills of the participants while focusing on changing the mindset of the students from the resource-driven approach to an opportunity recognition approach.
4. Pakistan Institute Of Technology and Entrepreneurship (PITE)
It is the Leading IT Institute that offers Computer Courses in Karachi, Pakistan. They claim to be the best computer institute in Karachi with the aim to train students willing to develop their careers in Information Technology. They offer Crash Courses, Short Courses, Short Degree Programs, CIT, DIT, Diploma Programs, and Certified Course Program.
They have state of the art labs and industry top leaders that teach their students the best by sharing their experiences and best practices.
5. School Of Learning (SoL)
SoL is an Institute determined to “help you be you.” They believe in setting their students on the path to discover their own answers and live out their distinction. They intend to develop leadership skills in their students and to train them in order to keep up with the race of life today.