STAFF REPORT LHR: LUMS Center for Entrepreneurship, recently inaugurated by Pakistans leading businessmen, including Syed Babar Ali and Abdul Razzak Dawood, has already inducted its first batch of startups into the Foundation business incubator.
LUMS, the nations most prestigious higher education institution, built the Center for Entrepreneurship with the vision to make it the largest breeding ground for sustainable, high-growth and high-impact businesses in Pakistan.
The management of the center, headed by Khurram Zafar, an entrepreneur, as well as an independent council of leading entrepreneurs of the country scout for promising upstart businesses all over Pakistan and inducts the most promising ones into this four-month programme.
The Foundation offers co-working space, utilities, internet, and other administrative support to the startups as well as access to a network of world-class mentors, business leaders and investors who guide and groom these young, passionate entrepreneurs.
The center is also collaborating with investors to put together a seed stage investment fund for the startups as well as collaborate with business center developers to offer subsidized office space to the graduates of the Foundation programme.
Speaking about the Center, Executive Director, Khurram Zafar, said “Entrepreneurship is the future of our country and LCE aims to scout the best entrepreneurs from all over Pakistan and provide them everything they need to succeed and turn their dreams into realities.”