Business Acceleration Program 2007
BAP 2007, a joint effort of MITCEF and OPEN, aimed to promote innovation in Pakistan by putting companies through a mentoring/coaching program. The ‘Business Acceleration Program’ started with ‘invitation for applications’ in summer, followed by seminars from PASHA/PSEB to explain the key points; leading up to workshops and selection of top 20 companies.
‘Presentations & Selection of winner & runner-up round’ was held on 6th November in Avari Towers. Luckily, I had a chance to visit the program with my friend, Ammar. Thanks to the CEO of TeleData for arranging the passes.
The Final 5 consisted of:
1. Alchemy Technologies
2. Autosoft
3. Sofizar
4. Softech Systems
5. Tohfay.com
Each company presented its idea. ‘Alchemy Technologies’ were way too good in their presentation and responding to the questions of mentors and judges. Their idea was Risk Reports. Autosoft was presented by Ms. Sadia d/o of CEO, ASD. And they targeted products for banking sector. Sofizar had an innovative idea: “TicketNest.com” – selling tickets online without holding them, targeting visitor’s need, optimizing their site with SEO techniques and producing better search results. The speaker, Zafar Khan, quoted “every morning when I wake up, I have earned $3-4,000”. Softech Systems gave a boring time. Only few paid proper attention to what the CEO was saying. Last one was Tohfay.com, yet another e-service for delivering gifts.
After a small hi-tea, the results were announced:
Winner: Sofizar
Runners Up: Alchemy Technologies
Third position: Autosoft
Fourth position: Softech Systems
Fifth position: Tohfay
It was a great learning experience! Not many of us today pay attention to ‘ideas’ rather most of the smart people indulge themselves in only routine work. Why not target something high, tweak our minds and apply all what we’ve learned, come up with ideas through which we can also be part of something big. Because IT is all about innovation, no matter how big or small you are!
For more details about MITCEF-BAP, Click here.
Excellent reporting mussu. It was a great learning experience, ideas can change one’s life dramatically… a rupee can be transformed to a million rupees only if you strike the right idea and execute it to perfection…
so… BRAINSTORM!!!
[...] net income as companies with more than 500 — Jawwad called them a cash-printing machine, and elsewhere Zafar Khan has been quoted as saying “every morning when I wake up, I have earned [...]
TicketNest.com - The product that won MITCEF BAP : Green & White said this on November 11, 2007 at 2:52 pm