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

So, what are you waiting for! KP Seed Fund is live!