Prosperity Cup

Prosperity Cup

Application Submission for 2017/18 is closed now.

 

ABOUT PROSPERITY CUP 2017/2018

Prosperity Cup is a business model competition, where established local and national entrepreneurs and business s management specialists extend business mentoring/ coaching to up to 30 entrepreneurs selected through a competitive idea application and pitching.

Up to 5 startup ideas will be selected for equity investments of up to PKR2 million at the end of the Cup.

Application Submission for 2017/18 is closed now.

PROSPERITY CUP STAGES

TIMELINES

All workshops and sessions will be held in Gilgit. Panel of judges, consisting of seasoned entrepreneurs, mentors and experts, will guide and lead the entire process. They will also serve as the judges for initial screening and selection of business ideas throughout the process.
The workshops are highly experiential, mentorship driven programs designed to visually facilitate entrepreneurs through the universal steps required to start and build a viable business. The workshops facilitated by seasoned entrepreneurs, mentors and experts will focus on:

  • The Entrepreneurial Mindset and Visual Thinking
  • Foundation for Business Success
  • Designing Your Business Model and Building Your Business
  • Core Team, Strategic Partner, and Advisor Network
  • Bootstrapping Your Start-Up – Cash Flow and Funding
  • Where and how to look for investment and investors
  • How to prepare effective investment documents?

ELIGIBILITY

Who can enter the Competition?

  • The competition is open to all participants from Gilgit-Baltistan & Chitral (in or outside the region) who meet the following criteria:
  • Your business idea must be a new idea or an existing business with less than 3 years of operations.
  • Not-For-Profit ideas will not be accepted.
  • Each person/team can submit ONLY ONE idea. Submission of multiple entries/ideas may result in disqualification.

SUBMITTING YOUR IDEA

Application Submission for 2017/18 is closed now.

Idea forms are available and can be submitted at www.accelerateprosperity.org.
Idea forms are also available at Local Support Organizations (LSOs), regional, district and area offices of AKDN agencies (AKRSP).
Note: Selected applicants will be notified by email and phone. Only complete idea forms will be considered.

 SCREENING & SELECTION

Our panel of judges, who are established entrepreneurs and experts, will evaluate your business ideas against the following:

  • A unique and/ or innovative value proposition of your business idea
  • A clear market niche
  • A strong execution strategy
  • Realistic competitive advantage
  • Sound target market and customer base
  • Strong revenue and profit models
  • Strong and coachable team
  • Potential for scalability and growth
  • Potential for employment creation

All decisions regarding the criteria will be made solely by the judges. Decisions of the judging panel would be final and binding in all respects.

KEY DATES

Application Submission for 2017/18 is closed now.

 

OTHER TERMS & CONDITIONS

  • All entries must be original and free from any claim of copyright or other restriction relating to the Competition.
  • No individual may be included as a “team member” on more than one business model, and no business may enter more than one business model.
  • No responsibility is assumed and entrants waive all claims for lost, late or misdirected entries, or for any problems of technical malfunction of any telephone or network lines, computer online systems, servers or providers, computer equipment, software, failure of any email or road blockages.
  • Entrants who violate these Official Rules, tamper with the operation of the Contest or engage in any conduct that is detrimental or unfair to Sponsors, the Competition, or any other entrant (in each case as determined in Organizers’ sole discretion) are subject to disqualification from entry into the Competition.

DISCLAIMER

There is no guarantee, expressed or implied, that any business idea will receive an investment. Should no business idea meet the entry criteria, or have a reasonable chance for success, no investment will be made for that year and any investment money will be used for the following years’ Cup. The odds of winning an investment depend on the skill of the entrants and the number of entries received. All taxes associated with the investment are the sole responsibility of the recipients.

By entering, participants, without limitation, release and hold harmless Organizers, Sponsors, Judges, Coaches, and their respective directors, officers, employees, and agents from any and all liability for any injuries, loss, or damage of any kind in connection with the Competition.