Center for Entrepreneurship (LCE) held an exclusive of its kind of investor event so that they can well mark the graduation of so far their third cohort of startups that will be graduating from The Foundation incubator. It is for the information that these startups gone through 4-months-long bootcamp at LUMS.
All about The Foundation Investors Summit:
Foundation Investors Summit held at the Rausing Executive Development Center right in LUMS. It has been the annual investor event that was organized by the LUMS Center for Entrepreneurship. This event had a mix of both local and also international investors including Salman Amin of Jhonson and Sons and also Ali Mukhtar of Fatima Group, this event too had Aezaz Hussain of Systems Limited and also Farooq Nasim of Gree Pak and Syed Babar Ali.
Startups that Pitched at The Foundation Investors Summit:
- Startups that pitched includedJewelry Design Pro, Repair Desk that is a cloud based ERP for the mobile phone repair.
- Startup HealthWire, BeautyHooked which is an online platform to make a connection with women to give them beauty services.
- Wedding Graphers and other startups like that ofcom, an online furniture and also home décor retail brand.
- AliffIqra,first online Quran assistance program and King Kashmiri Tea, traditional Kashmiri tea in the form of teabags.
Center for Entrepreneurship (LCE) has so far mentored over 80 entrepreneurs; they have created a total of quite over 120 direct and also 360+ indirect jobs. Their combined annualized revenues is approaching over $1 million and they have also raised over $1 million in investment. This event was followed by a presentation by Raza Saeed who is the CEO Pakwheels, by Zaiem Shahid who has been representing a LCE alumni startup and MARO Tandoors. Barrister Ahmed Uzair of Ahmed Uzair & Co also briefly elaborated about the term sheets of the startups. The pitches presented by the ten passionate startups graduating from LCE were the highlight of the event.
This LUMS Center for Entrepreneurship will also be welcoming its fourth batch of thes estartups right in the second week of October. They will now be investing over $4 Million at the LUMS Investors’ Summit