The University of Lahore, in collaboration with JumpStart Pakistan hosted an entrepreneurship change initiative popularly known as Learning Innovation Funding and Technology (LIFT) Pakistan on November 1-8, 2019 with the purpose of making a deep impact on the history of the nation’s character building and upbringing of the new ideas from the students. Additionally, the event wished to achieve the bigger goal of making the university students to be job creators instead of being job seekers, only then a nation can stand firmly on its roots.
The first two days of the event were set for the inaugural ceremony and conferences of the distinguished guests at Pearl Continental (PC) Hotel, Lahore. The UOL hosted the six days of the platform that attracted more than 1,200 participants from across the country who joined the league of the entrepreneurs.
The prize money for this event was 1 Million Pakistani Rupee which was announced at the end of the event. Students from all over the Pakistan came for this event and pitched their business ideas. The UOL’s Innovation and Incubation Center (IIC) boosted the event by presenting more than 50 startups which is a huge number of career-oriented pitches. The ideas pitched were ranging widely from the diverse sides of medical fields to the core and complex analysis of engineering terms and giving wide range solutions to the judges and the world about the newly developed problems faced by the entrepreneurs.
Students and faculty of the Departments of Pharmacy, Computer Sciences, Software Engineering, Business Administration, Electrical Engineering, Mechanical Engineering, Aviation, Law and Medical Sciences showed their talent and work oriented researches on their projects and IIC helped them out to stand out of the league by preparing and sorting them out to be at the top of the list.
It was a great moment for the UOL because not only its students got selected for the qualifying round but on the very first day of the pitches, some of the UOL students got their own seed funding from the guests who were willing to invest in their products and getting some equity-based profit.
After the intensive weeklong exercise, 18 startups were shortlisted from the Lahore’s venue to join a bigger competitive forum in Islamabad.