APPLICATION FORM

EdVenture 2020

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FILL YOUR APPLICATION IN ENGLISH

The purpose of this APPLICATION FORM is to assist us in understanding your business proposition and needs. All information will remain confidential. Please try to provide precise responses. The submission of this application is not a commitment or a guarantee whatsoever of financing/ investment by Accelerate Prosperity, the Aga Khan University and other partners.

WHO CAN APPLY

  • Producers:
    • Launch: Startups and early stage businesses with a Minimum Viable Product (MVP), an educational technology and/or innovation, that has gone through the first customer test, preferably with some revenue streams;
    • Growth: Existing businesses with good revenue streams aiming to grow the existing educational technologies or innovation;
  • Adopters: Existing educational service providers with revenue streams who are looking to adopt a new or an existing educational technologies or innovation within their operations.

ASSESSMENT CRITERIA

Business Criteria

  • A unique and innovative business model with a potential for causing or contributing to positive economic and social transformation.
  • A clear market niche, sound target market and customer base.
  • Realistic competitive advantage in terms of price, quality and easy/ large access.
  • Strong revenue and profit models, potential for scalability and growth.
  • Strong value chain effect.
  • Impact potential.

Personal Criteria

  • Strong entrepreneurial traits, including (but not limited to) leadership qualities, risk taking, street smartness, ability to do more with less etc.
  • Coachable team, including (but not limited to) openness to advisory, learn, ability and openness to constantly iterate, adapt and evolve based on changing conditions, realities or assumptions etc.
  • Past experience in doing business, or as an employee in a similar industry, or subject matter expertise relevant to the product/ service.

APPLICATION and Selection Process

Following are the key steps in the application process:
Step 1: Application Shortlisting
Step 2: Interviews of Shortlisted Applications
Step 3: Business Training & Advisory
Step 4: Submission of Information Memorandum & Financial Models
Step 5: Pitch for investment
Step 6: Due Diligence of selected applicants.
Step 7: Investments for shortlisted businesses


DEADLINE: Deadline to Submit Applications: 25th October 2020

GENERAL INFORMATION
7- What is your business type?
8- What is the current status of your business?
11- Do you have access to computer system?
12- Have you access to reliable internet services?
BUSINESS INFORMATION
6- Is your business currently profitable?

7- Who are your 3 biggest competitors of your business? Please mention their company names & current location:

8- What were the actual sales and profits earned from your business in the last 2 years?

2018

2019

9- What are the estimated sales and profits of your business for the next 3 years?

2020

2021

2022

STRENGTH OF THE TEAM

10- Owners / Team Profiles

BUSINESS STRATEGY
PURPOSE OF INVESTMENT

14- How much have you already invested in your business idea (in terms of cash, land, equipment etc.) Please mention the total amount of investment made in PKR

DISCLAIMERBy submitting this form, you agree to complete all future requirements of Accelerate Prosperity and the Aga Khan University. By applying for our services, you release and hold harmless the organizers, sponsors, judges, coaches, trainers and their families for all liability for any injuries, loss, damage and lawsuit of any kind in connection with our process
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