What comes in your mind when you hear the word “business incubator”? For me, it is like a real life vessel or container which will nurture the business model presented by a person.
• Business incubator:
A business incubator is the perfect platform for entrepreneurs as they can present their business ideas there without any boundaries or limitations.
• What do entrepreneurs think about the business incubators?
It encourages any business start-up presented by an individual; it basically welcomes different business models and designs and tries its best to provide resources to the entrepreneurs. Entrepreneurs are no doubt very grateful to the people who invented and designed a place for their business innovations. For them, business incubators are not less than a blessing.
• Some business incubators of Pakistan:
Business incubators are getting progress and prosperity in each and every corner of the world. But for now, let’s discuss some of the top business incubators of Pakistan. In Pakistan, there is wide variety of incubators in different cities and areas of the country. We are going to discuss only top 16 business incubators here. The incubators which will be discussed in this article are:
1. Bahria incubation center
2. Microsoft innovation center
3. Incubation center at NUST
4. Tech Incubator
5. Business Incubation Center at COMSATS
6. GIK The Incubator
7. National Incubation Center Lahore (NIC Lahore)
8. National Incubation Center, Peshawar
9. National Incubation Center, Islamabad
10. Plan 9
11. IBA CED
12. Seed incubation center
15. Karachi University Business Incubation Center (KUBIC)
16. IST Business Incubation Center.
1. Bahria Incubation Center:
The Bahria University Incubation Center (BUIC) or simply Bahria Incubation Center (BUC). It is situated in Islamabad, Lahore and Karachi but it welcomes various startups from other cities of Pakistan too. It gives the chance to the youth to present their innovative ideas and business models.
2. Microsoft innovation center:
The Microsoft innovation center is another inspiring business incubation center located in Punjab. It has been established by the Government of Punjab, Pakistan.
3. Incubation center at NUST:
The technology incubation center, now commonly recognized by the name TechOne is an amazing incubation center in the National University of Sciences and Technology (NUST). It is in Islamabad. It is the first technology incubator of Pakistan which was established in 2005 by Academia.
4. NSPIRE-Net Sol’s Business and Tech incubator:
NSPIRE is a special type of incubator which is both; a business incubator and a tech incubator. Currently, it has 38 startups incubated. It is in Lahore.
5. Business Incubation Center at COMSATS:
The COMSATS University of Islamabad (CUI) which was formerly called the COMSATS Institute of Information Technology (CIIT) has another business incubation center which welcomes entrepreneurial ideas.
6. GIK-The Incubator:
There is another incubator at the Ghulam Ishaq Khan Institute of Engineering Sciences and Technology (GIK). Many innovative business ideas are incubated here. It is also called the catalyst incubator. It is located at the Topi, Swabi of Khyber Pakhtunkhwa (KPK).
7. National Incubation Center Lahore (NIC Lahore):
The Lahore University of Management Sciences (LUMS) has a business incubation center called the national incubation center (NIC). It currently has 140 incubatees; means it has 140 business incubations by 140 varying entrepreneurs. It is in Lahore.
8. National Incubation Center, Peshawar:
The National Incubation Center (NIC) at Peshawar is yet another flourishing incubation center for new business models and ideas.
9. National Incubation Center, Islamabad:
The National Incubation Center (NIC) at Islamabad gives the chance for a full year of incubation of any business related ideas. There are approximately 209 startups incubated at this center.
10. Plan 9 Technology incubator:
Another emerging incubator of Pakistan is the Plan9 – PITB’s Tech Incubator, which is in Lahore. It is a project of Punjab Information Technology Board (PITB).
11. Incubation center at Aman IBA-CED:
The incubation center at IBA (Institute of Business Administration) has rooms for innovations related to business of people which have made a team of approximately 4 members. It is also known as IBA Aman Center for Entrepreneurial Development.
12. Seed incubation center:
The SEED incubation center is another distinguishing incubation center which is present in Karachi.
It has a network of co-workers and facilities that will incubate the business proposals efficiently. It especially facilitates the fresh graduates with their startups.
13. The Small and Medium Enterprises (SMEDA):
SMEDA is the business incubator established by the Small and Medium Enterprises. This incubator is in Baluchistan.
14. Cloud 9-startups:
The Cloud 9 startups is an incubation and capital investment center in Islamabad. It has the concept to elevate the business of the entrepreneurial ideas up to the cloud 9.
15. Karachi University Business Incubation Center (KUBIC):
The Karachi University Business Incubation Center (KUBIC) is the business incubation center launched by the University of Karachi at Karachi. And like the university, the incubation center also have diversified business ideas and innovations incubated there from different regions of Pakistan.
16. IST Business Incubation Center:
The Institute of Space Technology (IST) also is a versatile business incubation center which is made to improve the business ideas presented by the people of the country.
• Why are these business incubators so important for Pakistan:
The business incubators are so important because these incubators are like the roots of the tree that will provide nourishment to the new entrepreneurs and help them grow strongly. Without these incubators, the talent and the mind-blowing start-ups with innovative business ideas of people will remain hidden in the dark without anyone even noticing or nurturing the business.
Business incubators have made a prominent place in every space of the world. In the era, where we can find talented people walking in every street of Pakistan, we needed something like these business incubators to promote the business in Pakistan. As a nation of Pakistan, we are totally aware about the crisis we face being a developing country so, it is our responsibility to take advantage of these business incubators and encourage the people of our country to present their ideas related to business and let them incubate their business and make it more flourishing in these business incubators without any hesitation.