Thursday, July 9, 2020
Francis العربیه
Pakistan’s NSTP launches Pre-Incubation programme “Hatch 8”
As part of the innovation ecosystem, NSTP has three programmes designed specifically for startups in different stages of their life cycle – Hatch 8, Cube 8 and Excelerate. These programmes are designed to empower entrepreneurs to establish their business successfully and to compete globally. The innovation ecosystem aims to nurture startups systematically from the idea stage in Hatch 8 to steady growth in Cube 8 followed by rapid scaling in the Excelerate programme. Pakistan’s NSTP launches Pre-Incubation programme “Hatch 8”

Hatch 8 is a pre-incubation programme for early stage startups who have an idea or basic prototype of their product or service. It is a 6-month cohort programme offered twice a year after rigorous selection process. The Hatch 8 programme was formally kicked off in the last week of January 2020 with orientation session for selected startups.

Hatch 8 offers a fully enabled working space in a professional environment with access to number of different companies within the same ecosystem. It provides a plethora of networking opportunities and mentorship from experts to guide startups in the right direction. Moreover, the programme ensures development of entrepreneur and of their business though curriculum sessions covering topics in areas of business strategy, marketing, law, finance and leadership, delivered by well renowned professionals.

 
 

Currently, there are 10 startups pre-incubated in Hatch 8. In HealthTech, AVITec is working on a glove-based controller designed for the augmented / virtual world, whereas Alpha Brain is working towards a cost effective, efficient and painless solution to monitor diabetes. LoadEx (www.loadexpakistan.com/) aims to offer a low-cost logistics solution to deliver commodities while RAAR plans to launch rental electric bikes in AutoTech and EnergyTech sectors respectively.


Vyro.ai (http://www.vyro.ai/) is working on AI powered photography apps, Roam aims to provide its travellers a unique cultural experience, Ellipsis Techs (www.ellipsistechs.com/) provides web development, social media marketing and custom software solutions, PrivTech is developing active noise cancellation solutions, VidIt aims to develop a more personalised social media platform and VisAR is an augmented reality based digital advertisement agency. These startups are working in variety of areas in the SmartTech sector.
 
 

Startups in Hatch 8 are regularly monitored and evaluated to ensure their success. They will also get the opportunity to pitch their ideas in front of investors at the Demo Day which will be held at the end of programme. Upon graduation, these startups are expected to become part of the Cube 8 incubation programme.

The next cohort for Hatch 8 programme will start in July 2020 with applications expected to open in April-May. Interested startups will be able to submit application through an online form.

Find out more about NSTP at https://nstp.pk/ 
Date: 2020/02/25
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