CMACED is an astounding enterprise with an aim to form an entrepreneurial mindset. This place gears the students with certainty, expertise, and gizmo to turn an entrepreneurial idea into a growing reality. It is an initiative university-wide with an aim to form an entrepreneurial mindset. National Startup Competition 2021 is a combat of shortlisting the potential candidates for international competition for which CMACED has collaborated with Venture Cup Denmark as a country partner. Venture Cup Denmark is an annual prize-winning competition organized in different partner countries. The best impact-based university startups from around the world come together to network, learn, grow and pitch for a chance of becoming the world’s best university startup.
It is a platform and a network that can help startups grow. Venture Cup Denmark is a competition where around 60-70 countries participate yearly. In 2019, a team of passionate entrepreneurs participated in Venture Cup Denmark and their team Medeers, the semifinalist represented Pakistan as the only startup from Pakistan. Venture Cup Denmark functions closely with numerous Country Partners all across the globe. These are mostly organizations/universities which focus on innovation, entrepreneurship, and startups. The country partners get promoted on the website of Venture Cup Denmark. There are four startup categories i; e Health, Digital, Product, Green.
National Startup Competition 2021 was organized in Superior University with the following dates 21st May – 11th June and it was held virtually because of the present conditions of this noxious pandemic. The Core Team of this startup competition will be Mr Muneeb Ahmed (Program Supervisor), Ms. Hina Tariq (Program Execution), Ms. Humaira Qudsiya Yousaf (Program Co-Manager). The startups were judged by 2 different sets of upstanding judges from which one set was internal and other was external. This was a huge opportunity to match key players from the ecosystem of the world which may include companies, investors, entrepreneurs, and some other student startups. Well, almost a total of 60 amongst the best university-level startups will be participating and they claim it will be proved as an exemplifying moment for the startups.
We reached out to 194 Pakistani Universities and we have received responses from more than 30 universities across Pakistan. 45 startups were shortlisted in the Round 1 and we engaged 24 internal evaluators for this Round 1 from 7 different departments. 15 startups shortlisted in round 2 for the Regional Nominations for USWC. We reached out to 35+ external judges from different sectors of Pakistan. We engaged 8 judges for our four categories. Venture Cup Denmark decided four sections for participation, such as; Smart City, Information Communication Technology (ICT), Healthtech, and Greentech. These four sections are for early-stage as well as growth stages. There would be 8 category winners in total and there will overall 2 winners.
There are considerable advantages from Venture Cup Denmark that may include: the reward money to winners or airfare. All the four sections winners at early stage will be receiving 1000 USD each. Nevertheless, 15,000 USD will be given to overall winner. All the four sections winners at the growth stage will be receiving 1000 USD each, whilst 15,000 USD will be given to the overall winner. CMACED is expanding its global footprints to help the young Pakistani talent and their awe-inspiring & stupendous startups so that they can be globally recognized. Being the country partner of an international competition CMACED appreciates all the local startups and the players of entrepreneurial ecosystems for coming and participating in this auspicious event to build a sustainable, economic and social impact.