10xC is a Karachi based tech accelerator and seed venture Fund launched by Planet N Group of Companies. It provides seed funding, advice and shared services to entrepreneurs working on ideas or concepts towards validation of product/market fit. Whether you’re a new startup trying to get off the ground or an existing company in need of growth capital, 10xC has the means to support you.
PlanetN and 10xC was launched by Mr. Nadeem Hussain who is an accomplished entrepreneur and an active member of the entrepreneurial community in Pakistan. According to him:
If you’re young, energetic and motivated – Very few jobs are out there that will fulfill you the way you want. Start a startup instead – We may just fund you!
Saif Akhtar (Cofounder & CEO) explained the startup culture at 10xC and how the teams are selected, the very concept of tech startups and how they are encouraging young entrepreneurs who are willing to work on concepts and ideas by providing them with some funding, networking and support.
“We simply give them a little cash (Rs 10 lakhs) and 4-months of our full support to show us what they can do. If their company grows, regardless of whether it’s during the program or after, we can invest more money (Rs 1 Crore). You’ll see our model is the most Founder-friendly in Pakistan.”
He further explained: “Our ideal Founders are between the age of 22 and 32 with a desire to build something cool with tech! Show us you can execute and we’ll show you just how much fun it is to work for yourself.”
- Must be incorporated or will be incorporated in Pakistan.
- Must have a minimum of 2 Founders – a CTO (Technical) & CEO (non-Technical).
- Must be a technology company with a hardware- or software-related solution.
- Team – Can they get the job done?
- Market – How much of your market can you realistically capture?
- Timing – Are people ready to pay for your product/service?
- Revenue – Is the company making money?
- Users/Market Share
- Intellectual Property – How hard will it be for a competitor to copy their technology?
Last Date: 7th August,2017
Since the deadline is fast approaching, we recommend everyone to apply and spread the word as application process is very easy.
How To Apply: Visit 10xc.pk and register yourself by filling a form