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ATX+PAK Advance is a 4 week long opportunity for Pakistani entrepreneurs in Austin, USA.
If you’re a founder with a growth stage startups and wants to expand internationally then the Global Market Access Program (GMAP) is for you! A few select, highly competitive startups will travel to Austin and receive customized tools, resources, and connection to establish their global offices from Capital Factory, the center of gravity for entrepreneurs in Texas, the number one startup state in the U.S.
So gear up for a month of exploring, hustling and literally leaving your mark in Austin, USA!
This program is brought to Pakistani entrepreneurs by Innovation District 92 in Pakistan and Capital Factory in Austin Texas, through the efforts of US Consulate Lahore, US Embassy Pakistan, Fashion X, and City of Austin!
This partnership is a result of the combined efforts of Alicia Dean, Founder ATX+Pak Program and Strategic Marketing Communications Consultant, Capital Factory, Government of Texas, USA, Nabeel A. Qadeer, CIO The Superior Group and Co-Founder Innovation District 92, and Faizan Mahmood, General Manager Innovation The Superior Group and Head of Strategy Innovation District 92.
‘I’m super delighted to announce the renewal of ATX+Pak grant and have ID92 as one of our trusted partners in Pakistan. Through this partnership we will scale and grow 10 startups, increase import and export activity in fashion and grow businesses between Austin and Pakistan! Congratulations!’ – Alicia Dean
What will the Program Offer?
- Increase import and export between Austin and Pakistan
- Growth opportunities for businesses between Austin and Pakistan
- Customized mentoring and individual coaching
Global Market Access Program (GMAP):
During the one month Austin visit, the GMAP Team, Capital Factory, City of Austin, and mentors, using their extensive network will schedule several meetings with relevant industry contacts. Companies will also be provided free consultation from local experts in the areas of law, including immigration/visas, corporate, and tax.
Through the GMAP, 10 startups will be graduated with viable global expansion/partnership plans that are ready to be implemented within a year of program completion.
Fashion Forward Initiative:
Designed to facilitate new commercial opportunities and creative partnerships for Textile manufacturers, fashion designers and fashion related startups in the U.S. and Pakistan, the initiative’s main focus is to increase import/export activity.
‘Nabeel and I have always envisioned Pakistan as a thriving entrepreneurial ecosystem and through programs like these we aim to build capacity of the local talent by giving them an opportunity to create a global footprint.’ – Faizan Mahmood
The startup should:
- Have annual revenue of at least PKR 6 million or a strong user base
- Have a relevant product or service to US customer base
- Show supporting evidence of self-sustainability or proof of investment raised
- Have its legal entity be at least 1 year old
- Be an alumni of an incubator or accelerator in Pakistan. If it is not a part of any incubator or accelerator, then it should be endorsed by Innovation District 92 and Capital Factory
Impact from the First Phase:
During phase 1 of ATX+PAK Launch, we took 22 startups to Austin and out of those 72% of participants have raised more than 1.3 million dollars in funding. Moreover, six companies in Austin and Lahore have entered into commercial partnerships all of which are generating revenue. A ScienceCity partnership to facilitate and promote increased commercial trade and cultural programming between Texas and Pakistan was also formulated.
Apply for the most successful entrepreneurial exchange from Pakistan to Austin, today! For details and application form, click here: http://id92.pk/atxpak-advance-program/
Deadline to Apply: 18th February, 2019