The Foundation business incubator and accelerator at National Incubation Center Lahore (NIC) hosts three batches of startups a year. For each batch, NIC scouts visit various nationwide events that bring entrepreneurs and innovators together on competitive platforms. When our scouts identify a promising high-growth or high-impact startup led by a passionate team, the founders are invited to meet with NIC's Foundation Council at its next meeting.

Spring Season

Scouting period: Mid Mar to Mid Apr
Foundation Council Meeting: Mid Apr
Incubation: Start May to End Aug
Startup Summit: End Aug

Summer Season

Scouting period: Mid Jul to Mid Aug
Foundation Council Meeting: Mid Aug
Incubation: Start Sep to End Dec
Startup Summit: End Dec

Winter Season

Scouting period: Mid Nov to Mid Dec
Foundation Council Meeting: Mid Dec
Incubation: Start Jan to End Apr
Startup Summit: End Apr

*These scouting seasons are subject to change depending upon variable internal factors

SearchingThe Foundation Council consists of seasoned and successful entrepreneurs and businessmen. The council members spend quality time with the startup founders and evaluate them on the following criteria:

  • Team strength and completeness
  • Value proposition of product or service
  • Market size or social impact potential
  • Business model
  • Traction (if any)
  • Passion for entrepreneurship

After careful consideration of every startup presented to them, the council members collectively decide on which ventures to incubate at The Foundation.

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