NSTP, US EMB To Launch Rising Stars Startup Competition
Pak Mission Society has been selected as the outreach partner to mobilize the communities across Pakistan.
Pakistan’s first STP, the National Science & Technology Park, in collaboration with U.S. Embassy Islamabad in Pakistan, has launched the Rising Stars Startup Competition for Minorities and Women.
Through the Program, the goal is to create an inclusive and equitable entrepreneurial ecosystem in Pakistan by increasing the representation of marginalized and underprivileged communities and providing equal opportunities for all individuals.
Given the vast experience in the ecosystem, Draper University has been onboarded as a Knowledge Partner of the program. The program will run for nine months and the participants will get a chance to network and get training from industry experts. Pak Mission Society has been selected as the outreach partner to mobilize the communities across Pakistan.
The U.S. Embassy’s strong commitment to Pakistani startups and sponsorship of this competition shall further foster an entrepreneurial spirit across the nation, from extensive coaching and mentoring, a positive ripple effect is expected to be seen with local communities empowered by their own homegrown business culture.
The winner will be awarded the Rising Star Award of PKR 1,000,000, while the second and third winners will be given PKR 600,000 and PKR 400,000, respectively. Other awards include those for the Best Female Team, the Regional Winner, and the all Special Recognition Award for the team with the most outstanding idea.
Rising Stars is the most exciting competition for early-stage scaleups, designed to showcase and support the best of what the country has to offer on a local, regional, and national scale.
Anyone can benefit from increased visibility throughout the competition as well as the opportunity to present their company to leading investors, influencers, and corporations.
The Rising Stars Startup Competition is a way to provide support and resources to these businesses, as well as help them grow and succeed. The competition typically involves a selection process, in which a panel of judges reviews and selects the best businesses to participate.
The businesses then go through a series of challenges or pitch events, and the winners are chosen based on their performance. The competition may offer prizes such as funding, mentorship, and other resources to help the winning businesses succeed.