FAST wins Business Ideas Contest 2012

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STAFF REPORT LHR: The third edition of Business Ideas Competition 2012 (BIC 2012) has recently been organized by the Best Practices – FAST Business Club, at the FAST School of Management, National University of Computer and Emerging Sciences, Lahore.
This 2-day event witnessed participation of more than 30 teams from all over the country, where participants presented business ideas in three themes – e-businesses, energy businesses and agri businesses.
These themes were specifically selected keeping in view the countrys existing socio-economic outlook, challenges and opportunities as ideas presented in these specific areas have the potential to achieve economic prosperity and respond to different crises.
On the second day of the event, an elite panel of judges witnessed interactive and engaging presentations followed by a tough QandA session for all the finalist teams. After completion of final round, Director, FAST-NUCES, Lahore campus gave away the prizes to winning teams.
The winning prize for BIC 2012, winning shield and a cash prize of Rs 50,000 was bagged by the team from FAST School of Management, Lahore, for their business idea related to social commerce and electronic discount coupons. While the runners up prize – a shield and cash prize of PKR 30,000 went to team from Preston University for their idea based on hydroponics farming.
In his closing note, Director, FAST Lahore Campus, Dr. Arshad Hussain, congratulated the winning teams and encouraged all the young entrepreneurs to keep their spirits high.


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