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Two Pakistani Tech Start-ups Headed For Silicon Valley

Discussion in 'Pakistan Economy' started by RiazHaq, Jun 26, 2013.

  1. RiazHaq

    RiazHaq SENIOR MEMBER

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    Haq's Musings: Two Pakistani Start-ups Accepted in Silicon Valley Immersion Program

    Lahore-based Groopic and Islamabad-based Tunacode have been accepted to be part of this summerÂ’s Blackbox Connect program in Silicon Valley.

    Founded by Pakistanis, both companies are start-ups with innovative products whose founding teams are looking to live, learn and network for two weeks at an Atherton mansion this summer from July 15 to 26, 2013. These young entrepreneurs are a reflection of Pakistan's growing human capital.

    This year's summer program of Blackbox Connect is supported by Google.

    Groopic is an application that helps put the photographer back into photos with his or her buddies. Eyedeus, the company behind Groopic, emerged from the first batch of companies at Plan9, the Punjab governmentÂ’s incubator which is named after an operating system project at the Bell Labs in the 1980s.

    Tunacode specializes in optimizing complex software to graphic processing units (GPUs).

    [​IMG]

    The two Pakistani companies are among eight non-US start-ups selected to participate this summer by Google for Entrepreneurs partner programs around the world. The remaining six companies are Avocarrot (UK), EgzoTech (Poland), Inpris (Israel), Instabug (Egypt), Melusyn (France) and MyDoorHandle (South Africa). Here's how Blackbox Connect describes the program:

    "Founders will come to Silicon Valley and live at the Blackbox Mansion for the two weeks, where they will have the opportunity to live and collaborate with like-minded entrepreneurs from all around the world and take part in an intense agenda of meetings and workshops with entrepreneurs, investors, experts and executives. Accepted startups must have launched a technology based MPV and gathered feedback from early adopter/customers. Ideally - but not required - a startup should have raised some investment capital, have a team between 3 to 20 people and have a product or service that can be launched globally".

    Here's the curriculum for this year's program:

    1. Interfacing with an Investor

    Top Ten Mistakes Made in Business Plans
    Short Building Elevator Pitching Preparation and Workshop
    Perfecting Your Investor Pitch
    How to Hold an Investor Meeting
    Recruiting and Leveraging an Advisory Board

    2. Basics of Venture Capital Investment Options

    Founder Vesting Equity
    Stock Options for Startup Founders
    Introduction to Equity Term Sheets

    3. Born-Global Startups

    Building the Core Team, Recruiting and Scaling
    UX-based Branding
    Raising Money in Silicon Valley
    First Hand Founders Success Stories
    Leveraging Social Marketing
    Setting up official US presence for international startup
    Legal & Financial Issues of Born-Global Startups

    4. Quality Networking Events

    Dinners at Blackbox Mansion with local SV community members
    Attend other select happening events in Silicon Valley
    Demo/Pitch event to investors followed by dinner event

    I believe the exposure to Silicon Valley start-up culture via the Blackbox Connect's immersion program can help founders of participating companies to emulate the success of some of the big-name world-renowned companies that have spawned the technology revolution sweeping the world.

    Haq's Musings: Two Pakistani Start-ups Accepted in Silicon Valley Immersion Program
     
  2. A.Rafay

    A.Rafay ELITE MEMBER

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    Congrats to these two teams and their founders.