Aga Khan Development Network (AKDN) has announced Prosperity Cup 2016 to encourage young men and women from Gilgit-Baltistan and Chitral (GBC) to start their own business. The Prosperity Cup applicants will be inducted through an incubation process called Accelerate Prosperity. The project is being implemented through Aga Khan Rural Support Program (AKRSP) in association with The Indus Entrepreneurs (TiE) Islamabad chapter. The competition will kickstart startup activities in Gilgit-Baltistan and Chitral, which is very much the need of the hour.

The incubation process will start on November 15, 2016, which is also the deadline to submit a business idea. An application form has been made available on the official website that can be filled before the deadline. This would be the first time such a contest is being held in the region.

The competition is open for anyone from Gilgit-Baltistan and Chitral no matter if the applicant is living within GBC or somewhere else. A set of rules and competition guidelines to enter the Prosperity Cup have been provided on the website as well.

The vision of Prosperity Cup is to inculcate an entrepreneurial culture across Gilgit-Baltistan and Chitral (GBC) through the implementation of business model based competitions, mentorship-based incubation and investment.

Accelerate Prosperity- Prosperity Cup Process

Here is a snapshot of the whole incubation process from start to a level where a startup can be eligible to get investment and funding.