Once again CENTIN’s efforts have been acknowledged at national level in the area of entrepreneurship as 2 out of 4 teams from UMT have been offered a place in the Incubation Center of LUMS in LUMS Entrepreneurial Challenge held on September 21, 2014. A total of 17 teams from prestigious universities including PIEAS, UMT, NUST, FAST, GIKI and LUMS participated in the 2-day competition.
After being shortlisted in the first round, UMT teams performed well in the tough and challenging second round, winning 3rd and 4rth positions. AUTO GENIE (Hamza-BBA 2nd semester and his team) which ranked third is one of its kind venture in Pakistan and was acknowledged by the judges that it’s Pakistan’s 1st Virtual Automotive Maintenance Portal.; long term financial projections fascinated the judges. After 5 years this venture could give us minimum 6 Million PKR per annum with continuous gradual growth and more importantly this model serves a need of masses. Target market is broader. Investments are minimum.
