I have such an eye for spotting talent. *ahem. *cough. *splutter. No but seriously. Just a week or so ago I meet 10 amazing startups. I write about only 2. And one of them already is the winner of the first ever Pakathon. In case you don’t know what a Pakathon is, which means you don’t read my blog, which means you NEED TO RAISE YOUR STANDARDS … read about it HERE. iTrak has won $2000 in prize money which is a good amount for a startup in Pakistan. And it’s not just the money. It’s the exposure and the chance to collaborate with talented entrepreneurs from places like MIT and Harvard etc.
My first ever visit to LUMS. Very exciting rickshaw ride from the other side of the city. Took about half an hour to reach. Not complaining. That comes AFTER I reached. The campus is beautiful. Very spiffy. But right outside the gate runs an open sewer as stinky as any sewer ever was. Why can’t they at least cover it? God knows LUMS has plenty of funds. The sewer does not only kill a person’s appetite with the lingering smell that doesn’t leave you for hours afterwards but can be a serious threat to kids attending the university. Dengue, anyone?
Now that that’s off my chest …
I was there to meet my mentor. Just happens he was here for something called the “Pakathon“. And this Pakathon-thingie is soooo cool. Now here is what it does (briefly). The is sort of a hackathon of social entrepreneurs brainstorming and presenting ideas to use tech for solving various issues in Pakistan such as health, education, violence prevention etc. In 3-days time, student-teams have to come up with an idea, prepare a business plan focusing on finance and marketing. 6 teams from around 20 Pakistani universities (eventually. For now, it’s just 2 universities with 6 teams each) are connected then virtually to teams and mentors from places like Harvard and MIT. The event is live streamed. Judges then deliberate and announce winners the next day. Winning goodies include up to $10k in seed funding as well as incubation at Harvard and MIT and Sloan etc.
The competition is open to plans from both Pakistani as well as students from other countries studying at these institutes. I had the opportunity to speak to 2 of the 6 teams at LUMS. Came back very inspired. Especially with the idea for using teach to collect donations to send street kids to school. The other was to create a Ushahidi kind of platform to report violence, accidents, crime etc to relevant authorities using SMS. The kids were all pretty clear on what they wanted to do and had done their homework considering the ideas and plans were all prepared within 24 hours. Wow!