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
- 1.
Strengthen the investment eco-system in KP
- 2.
Promote entrepreneurship in KP, especially women-only, women-led, women-focused
- 3.
Promote entrepreneurial mindset among the youth
- 4.
Showcase successful startups from KP
ELIGIBILITY CRITERIA
- 1.
The founder must have KP Domicile
- 2.
The startup/business should be registered under the laws of Pakistan
- 3.
A startup should be tech-driven, or tech-focused
- 4.
Verifiable initial investment injected by the founder(s) and/or through friends and family
SELECTION CRITERIA
- 1.
Complete submission of documents
- 2.
Registered company
- 3.
Availability of MOA, AOA, NTN
- 4.
Legal compliance
- 5.
Funds/grant/investment by the founder with complete supporting documents
- 6.
Capable and dedicated management team with industry expertise and relevant skillset
- 7.
Business model
- 8.
Traction
- 9.
Financial narrative
- 10.
Investment/funding requested
- 11.
Impact of the funding on the business
INVESTMENT CRITERIA
- 1.
Product-market fit
- 2.
Business model
- 3.
Traction
- 4.
Competitive advantage
- 5.
Proven, clear, sustainable, and scalable business model
- 6.
Financial narrative
- 7.
Funds asked and funds utilization
- 8.
Impact of funding