Second Call for First-Ever Seed Fund in KP
Apply now for second call for the first-ever fund for KP startups, KP Seed Fund, backed by the World Bank, Multi-Donor Trust Fund, Khyber Pakhtunkhwa Information Technology Board (KPITB), and being executed by Epiphany. KP Seed Fund will disperse equity-free grants in KP-based businesses looking for grants to enhance, strengthen and expand their startups. While the Seed Fund is open for all startups in KP, women-led, women-co-founded, and women-focused startups are highly encouraged to apply! The ticket sizes are as follows:
- Tier 1 up to PKR. 3 million
- Tier 2 up to PKR. 5 million
- Tier 3 up to PKR. 15 million
- Tier 4 up to PKR. 25 million
The application deadline is May 31, 2022, so apply swiftly.
OBJECTIVES
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1.
Strengthen the investment eco-system in KP
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2.
Promote entrepreneurship in KP, especially women-only, women-led, women-focused
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3.
Promote entrepreneurial mindset among the youth
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4.
Showcase successful startups from KP
ELIGIBILITY CRITERIA
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1.
The founder must have KP Domicile
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2.
The startup/business should be registered under the laws of Pakistan
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3.
A startup should be tech-driven, or tech-focused
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4.
Verifiable initial investment injected by the founder(s) and/or through friends and family
SELECTION CRITERIA
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1.
Complete submission of documents
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2.
Registered company
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3.
Availability of MOA, AOA, NTN
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4.
Legal compliance
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5.
Funds/grant/investment by the founder with complete supporting documents
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6.
Capable and dedicated management team with industry expertise and relevant skillset
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7.
Business model
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8.
Traction
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9.
Financial narrative
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10.
Investment/funding requested
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11.
Impact of the funding on the business
INVESTMENT CRITERIA
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1.
Product-market fit
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2.
Business model
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3.
Traction
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4.
Competitive advantage
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5.
Proven, clear, sustainable, and scalable business model
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6.
Financial narrative
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7.
Funds asked and funds utilization
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8.
Impact of funding
