Business Incubation Center (BIC) of the International Islamic University Islamabad (IIUI) has won KP Impact startup Challenge held at Lahore University of Management Sciences (LUMS). The centre has been granted a winning amount of Rs. 1.5 million.
The activity was part of collaboration for entrepreneurial education intuitive program between LUMS and the Government of Khyber Pakhtunkhwa titled as ‘KP Impact Challenge’.
The winning team told that a large portion of Pakistan’s youth does not have the relevant exposure therefore their experience is also limited. They said that the KP Impact Challenge caters to individuals, i.e. lower-end of the market. Through this program, youth will be provided a training platform to transform their ideas into reality. The ventures under KP Impact Challenge will be driven by impact creation, which leads to economic well-being of the region and promote quality education and social-cultural aspects of KP. The scope of these ventures can be regional or community based, therefore making it accessible to the rural youth. University circles have congratulated BIC on the achievement.