Welcome to SparkTank by Beaconhouse, Pakistan’s first business incubator for students aged 10-19 years! This groundbreaking initiative is all set to ignite the spark of innovation and entrepreneurship among students from all public and private schools across Pakistan.
Innovation
Imagine a platform that empowers young minds to transform their ideas into thriving businesses that tackle real-world challenges. That’s exactly what SparkTank does! We foster creativity, nurture talent, and promote bold, out-of-the-box thinking by providing aspiring young entrepreneurs with the resources and support they need to turn their innovative ideas into successful businesses.
We have an amazing team of mentors, educators, and professionals who are passionate about supporting and guiding students. Join us on this exciting journey and ignite the spark of creativity, innovation, and entrepreneurship!
- Leadership
- Self-responsibility
- Confidence
- Critical thinking & problem-solving
- Communication & teamwork
- Creativity & innovation
- Curiosity & imagination
- Resilience & flexibility
Offer
At SparkTank, we provide a wide range of support and services for young entrepreneurs aged 10-19 years to help bring their business ideas to life without worrying about costs. A rigorous selection process ensures that the students with best ideas from across the country enter our incubation and mentorship programs.
These students are guided every step of the way, whether they are starting from scratch, developing a prototype, or scaling their business.
Some of our offerings include:
Get support from experienced mentors who can guide you through the process and help you succeed.
For those who need financial support, we offer grants on a case-by-case basis; these depend on your idea's potential and your performance during the programme, among other things.
We provide guidance and resources for testing, learning, application building, and experimentation to help bring your ideas to life.
Connect with other like-minded students, experts and industry professionals to develop and refine your ideas.
SparkTank
You have a great business idea and you’re eager to start building your business and chasing your dreams. But being a young entrepreneur comes with its own set of challenges. Some common obstacles student entrepreneurs may encounter are:
- Balancing education and business
- Scarcity of start-up capital
- Limited business skills
- Lack of leadership and management experience
- Age bias and difficulty building credibility
Don’t worry – SparkTank has got you covered. We’re here to support you and help you overcome these challenges. We’ll connect you with the right people, including a trusted mentor who knows the ins and outs of the field you want to enter. We’ll also guide you in creating a business model and vision statement, and help you develop the leadership and organisational skills you need to succeed.
With SparkTank, you’ll be more than ready to answer the questions investors most commonly ask in a pitch:
- What is your business all about?
- What will prevent others from doing what you’re doing, or, what’s your competitive advantage?
- What are you going to do with the money you raise?
- Who’s your target market and why will they buy from you?
- What’s your marketing strategy?
- What does your venture/management team look like?
Process
Applications are reviewed and screened.
Mentors guide students to review their proposals and create business plans after conducting research, designing a business model, and developing a complete strategy.
Support is provided for design, testing, marketing, packaging, and final development. Interim review of the progress will be done periodically.
Businesses are evaluated on pre-defined key performance indicators and only those that meet or exceed expectations successfully complete the programme and graduate.
- Students aged 10 to 19 years can apply. If a student under the age of 10 has an innovative idea, exceptions may be created to this rule.
- Students may apply individually, or as a group of maximum 4 members.
- All interested students must apply online to be considered for admission into the incubator.
- All types of business ideas whether technology-based, not-for-profit, products, or services are accepted.
- Proposed ideas should demonstrate the potential for transformation into a viable business, preferably having a positive social impact.
hardworker
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the solution
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- Buy the idea
- Invest in further development and launch of the project
- Partially invest in the project
professional
- 10-11 Gurumangat Road, Gulberg III, Lahore, Pakistan
- Phone: (042) 111 232 266 - Ext: 406
- Email: contact@sparktankincubator.com