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NSPIRE, the incubator powered by NetSol Technologies, has started accepting applications from the budding startups for its second incubation cycle.
The incubator has named 5th of October as the deadline for applications.Which will be followed by a testing, screening and shortlisting process. A merit will be calculated taking into account the viability of the business idea, as well as the commitment and completeness of the team. Based on the merit a final selection list will be displayed on the 14th of November 2016.
NetSol usually takes about a 7.5% stake in the startup for the invaluable incubation which includes the access to resources, the mentor-ship from some highly credible mentors and industry experts, technology and operational support, all as available with NetSol. The selected startups will also get an opportunity to partner with the NetSol’s global network.
The previous batch, which also in fact is the first ever batch of NSPIRE, will graduate this September. For the first batch, NetSol provided valuable incubation support to three energetic startups namely Moqa, Electroid and Tutorciti.
NSPIRE is a unique incubation station primarily due to its position which in fact is within NetSol Technologies. NetSol Technologies runs NSPIRE and provides direct hands-on experience of the industrial workplace and business environment. NetSol has structured the incubator so as to provide executive support completely tailored as per the startup needs. Talking about this, the CEO NetSol Technologies Mr. Salim Ghauri, said,
“Pakistan has immense potential for entrepreneurship. All it needs is a collaborative environment that can channelize this potential in the right direction”.
The NetSol Technologies is a leading IT organization which has rightly focused on many trendsetting social issues as well. The company gives the due greater importance to the Gender Diversity, which has been proven to trigger prosperity of a company. Recently, it also ventured into a 3D mapping initiative.
Startups can apply from here.
