CREATE ‘16 NATIONAL ENTRE-PRENEURSHIP COMPETITION

Presented By

The Top Engineering Institute of

Pakistan Pakistan Institute of Engineering and Applied

Sciences, (PIEAS)

A presentation of ORIC PIEAS & Society for Promotion of

Entrepreneurship and Leadership (SPEL)

Who are We? Society for Promotion and En-trepreneurship and Leadership (SPEL) is an internationally recognized society from PIEAS that strives to create an excellent entrepreneurial environment for Pakistani entrepreneurs all over the globe. In 2015, SPEL organized some of its biggest events which received huge national as well as international media coverage. SPEL also runs official international TEDxPIEAS Chap-ter. The major events included CREATE ‘14 and ‘15, PIEAS Open House 2015 and Leadership Seminars Series.

PIEAS Open House 2015 was an international event in which BS Mechanical and Electrical Engineering Students of PIEAS university ex-hibited their skills and talents through their final year projects. The exhibi-tion included final year projects like Shell Eco Marathon, Philippines , Asia Car (which stood 3rd in Asia), and Formula Student Car (The premiere student racing car of Pakistan). The event was fully covered by top Media houses of Pakistan which included GEO News, Abb Tak TV, Radio Paki-stan, PTV News, SUCH TV, Samaa TV and Pakistan Observer among oth-ers. Each of these TV channel also played a 5 minutes short report on the event.

Australian High Commissioner, Mr. Peter Hayward acknowledged SPEL’s work in words:

“I believe that SPEL is doing great work to promote entrepreneurship in Paki-stan and within few years it will emerge as one of the strongest and most networked societies internationally”.

CREATE ‘16? CREATE is an Entrepreneurship Competition Series run by SPEL in collaboration with ORIC PIEAS. CREATE ’16 is the third installment in the series. Although CREATE ‘14 and CREATE ‘15 were highly successful events but CREATE ‘16 is going to be the biggest of the three. This series provides a platform to Pakistani students to build and implement their innovation while maintaining a real world entrepreneurial environment where startups can attract potential investors and venture capital firms.

CREATE ‘15 was declared as one of the biggest entrepreneurship competitions in Pakistan by many of our competitors as it received more than 100 team registrations from all over Pakistan total-ing 400 participants. The event was endorsed by International peer mentors and top national level business personalities including Wahaj Siraj (CEO Nayatel) and Farrukh Malik (CEO Discrete Logix).

Techno-preneuership Category

All the technical innovations in the field of electrical, mechanical, petroleum, chemical, mechatronics, Geo-Informatics, Medicine or any other field of engineering or science fall under this category. The winner and runner-up team will be given prize money and incubation facilities.

Social-preneuership Cateogry

Do you think that you have an innovative solution to society’s most pressing social problem? Do you think that your communal idea can potentially change the condition of the community? Then CREATE is the best platform for speaking it up to the world. Students participating in Social-preneurship cate-gory will be exempted from providing a prototype and pilot start-up. One team will be incubated from this category.

Women Entrepreneurs Category

To encourage participation of young female entrepreneurs of Pakistan in Entrepreneurial ven-tures, CREATE has specified a separate category for them. Women empowerment refers to the ability of women to transform economic and social development when empowered to fully participate in the decisions that affect their lives through leadership, training, coaching consulting and the provision of enabling tools for women to lead within their communities. One team will be incubated from this cat-egory.

Computer Science Entrepreneurs Category

To appreciate the software developers and computer science engineers of Pakistan, CREATE ‘16 is providing a platform to speak, execute and display new programming ideas to the world. Games, in-stant messengers, entertainment apps, or any Apple, Windows or Android apps are under this catego-ry. One team will be incubated from this category.

Categories

Mentoring Workshop Following the Idea Registration stage, the participants will be provided with Mentoring Workshops. The mentoring session will span over a period of two days. Mentors will help teams with their ideas and provide guidance for the upcoming rounds. This first round is recommended to provide the teams with feedback on their ideas. The mentoring workshop will also consist of Product and Service Design Workshop.

Teams from other cities are welcome to attend the workshop but their travelling expense will not be provided by the university, nor will they be offered any accommodation in PIEAS. However for such teams, mentoring material will be provided online.

After the Mentoring Workshop, each team will have to submit their Executive Summary and Elevator Pitch by the announced deadline. Executive summary should be a 1 page brief outline of business description. Elevator pitch should be of 1 – 2 minute focusing mainly on your business Idea or product, your target market and your unique value proposition. Complete details will be posted on social media and website of CREATE ‘16 near the competition deadlines. Screened ideas will enter CREATE ‘16 finale and compete with respective teams of their category.

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Executive Summary and Elevator Pitch Submission

CREATE ‘16 Finale After selection of the top 7 teams in each category, the participants will be invited for the final presen-tation round. They will present their ideas in front of a panel of judges, who will evaluate them on their business acumen and their response in the question answer session that will follow.

Key areas for judging will include passion/interest , self-assessment ,honest understanding of your shortcomings and mitigation strategy, understanding and research of your key market statistics, ability to build your team, how will you hire and train your key employee and how will you reach your cus-tomers.

Outline of Presentations

The presentation must be of at least 10 minutes with Business presentation of 5 slides. Questions from judges will not be included in 10 minutes.

Executive Summary Grading Policy

 

 

   

 

 

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Elevator Pitch Grading Policy

 

 

 

 

 

 

 

 

 

Final Presentation Grading Policy

 

 

 

 

 

 

 

   

1. Business Plans may be submitted by individuals or by teams but all applicants must be between 18 and 30 years of age.

2. All registrations will be conducted online through a stipulated portal.

3. Each team can have a maximum of 5 members.

4. Business ideas can only be registered in one of the 4 categories; participants will compete against each other in the same category.

Final Presentation Grading Policy

 

   

 

 

Business    

 

     

   

 

     

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Rules

Our Networks PIEAS is Pakistan’s number 1 Engineer-ing and applied Sciences Institute, as ranked by HEC and QS International Rankings (115th rank in Asia). Each year teams from PIEAS participate in interna-tional technical entrepreneurship competitions like Shell Eco Mara-thon Asia 2015. Team Innova secured 3rd position in all of Asia due to its unique entrepreneurial design. So PIEAS can serve as the best place to nurture the concept of entrepreneurship and has the capa-bility to become the hub of entrepreneurs in Pakistan.

SPEL also runs international TEDxPIEAS Chapter under Hassan Irtza Chaudhry who is also serving as President SPEL 2015-2016.

PIEAS enjoys a reputable position in international societies and organizations like BICs (PAK), UniQuest, UQ (AUS), Jumpstart Paki-stan, Startup Turkey Istanbul, IMeche, ASME and IEEE.

CONTACT US

Hassan Irtza Chaudhry, (President SPEL)

hassanirtza@gmail.com +92-336-5006459

Ahsan Khan, (Event Manager))

ibrokhan@rocketmail.com +92-334-5468823

http://spel.work/create16 facebook.com/spel.pieas

Dr. M. Tayyeb Javed, Head ORIC & Advisor SPEL oric@pieas.edu,pk, +92 52 9248729