02 Jan, 2020

Project Description

KPITB in collaboration with world bank and MDTF has taken a step to accelerate the growth of startups by establishing a seed fund primarily targeting the early-stage startup businesses. KP Seed Fund is executed by epiphany to disperse equity-free grants in KP-based businesses looking for grants to enhance, strengthen and expand their startups.

Objectives

The objective of this project is to promote the inclusion of young entrepreneurs from Khyber Pakhtunkhwa in the digital economy and accelerating growth of early-age start-ups through a seed fund.

Benefits

  1. Capital Injection: The primary purpose of a seed fund program is to provide startups with the necessary initial capital to develop their products or services, build a team, and begin operations. This financial support is crucial for getting the business off the ground.
  2. Business Validation: Receiving seed funding can be seen as a validation of your business idea or concept. It signifies that investors believe in your vision and are willing to invest in its potential success.
  3. Accelerated Growth: With access to capital, startups can accelerate their growth and development. They can hire key personnel, invest in marketing and sales efforts, and develop their product or service more rapidly.
  4. Product Development: Seed funding enables startups to invest in research and development, improving their product or service offerings. This can help them create a more competitive and innovative solution.
  5. Market Expansion: Seed funding can be used to expand into new markets or regions, allowing startups to reach a broader customer base and capture additional market share.

 

DISTRICTS

  • Peshawar