Application Form- Global Acceleration Program - GAP NUST (2nd Cohort)

Global Acceleration Program - NUST - is a pioneering acceleration program sponsored by the U.S. Department of State that aims to help post-revenue Pakistani startups scale up globally.

The program will immerse Pakistan’s finest post-revenue product focused startups in the high tech clusters of Silicon Valley for three months, validate their products in the US market and then seek seed/venture funding for them.

Eligibility:
Applicants must:
- have a product focused tech startup;
- be solving a large problem translating into a large, global business opportunity, especially
focused on the US market;
- have proven initial traction in the form of revenue from the product;
- be ready to enter the US market and pitch to US investors.

For details, please visit: www.gap.tic.nust.edu.pk

Your name: *
Your answer
Email address: *
Your answer
Phone number: *
Your answer
What is the name of your startup? *
e.g. Dropbox
Your answer
List the names of all founders: *
e.g. Tony Stark, Thor Odinson and Bruce Banner
Your answer
Describe the problem your startup is solving. How big is the market opportunity in terms of TAM and your target market share? *
Dropbox example: Most small teams have the following needs: (1) team members need their important files in front of them wherever they are, (2) everyone needs to be working on the latest version of a given file, and (3) team data needs to be protected from being lost. There are sync tools, there are backup tools, and there are web uploading/publishing tools, but there's no good integrated solution. The total addressable market (TAM) is the $210 billion global cloud computing market. Our target market is the 600 million knowledge workers in the world having a revenue potential of $50 billion from cloud-based or on-premises offerings that enable individuals to synchronize and share files across mobile devices and PCs.
Your answer
Describe your product and its value proposition: *
Continuing the "Dropbox" example: Dropbox synchronizes files across your computers. It's much better than uploading or email, because it's automatic, integrated into Windows, and fits into the way you already work. There's also a web interface, and the files are securely backed up. It takes concepts that are proven winners (version control, changelogs/trac, rsync, etc.) and puts them in a package that anyone can figure out.
Your answer
What is your business model? (How do you make money?) *
Continuing the "Dropbox" example: A freemium approach, where we give away free 2GB accounts and charge for additional storage. Small/medium businesses already pay for solutions that are subsets of what Dropbox does and are more difficult to use. There will be tiered pricing for business accounts: upper tiers will retain more older versions of documents, have more security options, and an 'enterprise' version that features a significantly higher price.
Your answer
Who are your competitors? *
Continuing the "Dropbox" example: In most cases, what we’re really competing with is old technology: shared drives that were installed 10 years ago that are locally administered by an over-worked IT department and may or may not work or fall down on the weekend. Google Drive is a competitor. Carbonite and Mozy provide hassle-free backup, and a move into syncronization would make sense. There are apps like Omnidrive and Titanize but the implementations have bad user interfaces.
Your answer
Do you have a working product? *
E.g. "Yes"
If you chose "yes" above, how many customers do you have?
E.g. 300 paying users.
Your answer
How long have you been in business? *
E.g. 2 years or more.
How much monthly revenue are you generating? *
E.g. $12,000
Your answer
How much revenue are you generating exclusively from the sale of - or subscription to - your product? *
Your answer
How much funding is currently available to you? *
E.g. $90,000
Your answer
What is the source of that funding and at what valuation? *
E.g. Raised $150,000 in seed funding at valuation of $1mn
Your answer
How much funding do you plan to raise in the next 18 months? *
E.g. $500k in seed funding
Your answer
Please provide founders’ backgrounds, areas of expertise, achievements and motivation: *
E.g. The CEO is a NUST-SEECS Software Engineering grad and has founded two fintech startups. She has been programming since age 6 and is passionate about building creative, scalable solutions to challenging problems. The CFO is a LUMS business graduate (gold medallist) with 7 years experience in the telecom sector, where she spearheaded several international alliances.
Your answer
What percent of the startup does each founder own?
E.g. 50-50
Your answer
How many employees do you have? *
E.g. team of 7 designers, developers and sales staff
Your answer
Have you registered as a company? *
E.g. Yes
What do you aim to gain from immersion in the Silicon Valley ecosystem for three months? *
Your answer
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