NSPIRE – NetSol's incubation centerNSPIRE – NetSol's incubation centerNSPIRE – NetSol's incubation centerNSPIRE – NetSol's incubation center
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Process Flow

Successful Applicant INCUBATION Induction Process Flow:

Unsuccessful Applicant Process Flow

Eligibility Criteria

Evaluation criteria has four sections with a total of thirteen factors. Four sections deal with firstly, the idea, then the team, followed by market and fourthly other exogenous factors.

Thirteen measures/factors are scored on scale of 1-5 (higher is typically better in favor of startup). Each factor is weighted to produce a weighted score.

Factors with corresponding weightage are as below, followed by explanation of each factor for scoring:-

1. Idea: Model & Clarity: Is the idea about general industry/sector/market or addresses a specific problem with a practical solution? How well developed in the understanding of market, problem and solution? How clear is the business model?

2. Idea: Values and Mission: How impactful can be the idea on society? How well suited is the Personal Intent to the idea? How aligned is the idea to UNDP Sustainable goals*?

3. Idea: Match for Netsol: How suitable is Netsol/Nspire to assist the applicant? How aligned is the applicant with Netsol values and purpose, Nspire theme, available talent, technology and resources?

4. Idea: Value proposition and differentiation: How likely is the product or service to stand out to its potential customer? How unique is the product, service and/or its features?

5. Team: Expertise: Does the team have required relevant talent, skills and access to knowledge?

6. Team: Alignment: Is the team aligned in purpose, mission and have required clarity?

7. Market: Total Addressable Market: How large is the total addressable market that the idea seeks to service?

8. Market: Momentum and Traction: What traction or momentum (if any) has the applicant’s idea have?

9. Market: Development of Idea or MVP: How well developed is the solution, whether at ideation, prototype or minimum viable product stage? What is the quality of research, problem solving, piloting and feedback?

10. Market: Go to Market Strategy: How hooking is the marketing strategy? Does it include best channels, media, partnerships, communications strategy and analytics? Is it holistic? Has it been tested?

11. External factors and assumptions: How unaffected will be the idea to external factors, events, competition, nature of industry, etc.?

12. Scalability potential: How scalable is the idea or business within its market in the future? Consider future monetization potentials when scoring

13. Business Feasibility and sustainability: How sound is the financial model? Have revenue sources and costs been identified? What is the potential for generating surplus income (consider time and amount)?

About Nspire

NSPIRE is Business & Tech Incubator in Pakistan and launched by Pakistan’s leading IT company NETSOL. It enables true entrepreneurs to launch their startups under the mentorship of industry leaders.

Our goal is to help talented and creative entrepreneurs launch their startups under mentorship of industry leaders. We will pick the most promising ideas and help transform them into success stories.

Take your brilliant idea to the next level Apply Now.

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NETSOL Technologies Ltd
Lahore Ring Road, Ghazi Road Interchange
Lahore Cantt 54792 Pakistan

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info@nspire.com.pk

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  • About Us
    • Our Story
    • Our Vision
    • Our Mission
    • Amenities
    • Partners
    • People
      • Steering Committee
      • Mentors and Speakers
      • Our Team
  • Program
    • Process Flow
    • Eligibility Criteria
    • Apply Now
  • Media
    • Press Release
    • Gallery
    • Newsletters
  • Startups
  • Privacy Policy
  • Contact
    • Contact Us
    • FAQs
NSPIRE – NetSol's incubation center