GRIFFINWORX

EBAY FOUNDATION CORPORATE ADVISED FUND: IN 2018, EBAY FOUNDATION FUNDED GRIFFINWORX TO CONDUCT START UP CUPS IN FOUR CITIES: BERLIN, GERMANY; BROOKLYN, NEW YORK; TEL AVIV, ISRAEL AND WASHINGTON DC. OVER 500 PARTICIPANTS APPLIED TO THE INITIAL EXTREME BUILD-A-BUSINESS WEEKENDS. THESE BUSINESSES WERE REPRESENTED BY AT LEAST 20 NATIONALITIES AND 40 INDUSTRIES.FROM THIS INITIAL GROUP, 117 TEAMS WERE SELECTED THROUGHOUT THE FOUR CITIES TO CONTINUE IN THE 5-MONTH ACCELERATION PROCESS. AFTER INTENSIVE MENTORSHIP, THE TOP 12 TEAMS WHO ACHIEVED THE MOST PROGRESSIVE RESULTS WERE SELECTED TO CONTINUE IN THE PROGRAM. AFTER SEVERAL WEEKS OF CONTINUAL EVALUATION AND MENTORSHIP, THE FINAL TOP 7 TEAMS WERE CHOSEN TO ENTER THEIR FINAL PITCHES AND JUDGES DECIDED ON THE TOP 3 TEAMS FROM EACH CITY, WHO WERE RECOGNIZED IN AWARD CEREMONIES.TO CREATE AN INCLUSIVE ENTREPRENEURSHIP ECOSYSTEM, GRIFFINWORX CERTIFIED MENTORS AND TRAINED EBAY EMPLOYEES. GRIFFINWORX ALSO PARTNERED WITH LOCAL ORGANIZERS, UNIVERSITIES, INCUBATORS, AND FINANCIAL INSTITUTIONS. COLLECTIVELY, THESE PARTNERS PROVIDED TEAMS AN OPPORTUNITY TO ADDRESS THE ENDEMIC TECHNICAL AND FINANCIAL CHALLENGES CRIPPLING ENTREPRENEURS FROM DISADVANTAGED AND UNDERREPRESENTED COMMUNITIES.AS PART OF THE SELECTION AND AS AN OUTCOME OF THE EBABW LAUNCH EVENT, 103 NEW IDEAS/BUSINESSES WERE SELECTED TO FURTHER PARTICIPATE THROUGH THE EBAY STARTUP CUP ACCELERATION PROGRAM, RE NING THEIR BUSINESSES THROUGH MENTORING AND A BOOTSTRAP FUNDING METHODS.148 VOLUNTEERS PARTICIPATED AS MENTORS, COACHES, AND JUDGES THROUGHOUT THE TOP 25, TOP 12, TOP 7 AND FINAL TOP 3 SESSIONS THAT OCCURRED FROM APRIL TO NOVEMBER 2019, WHICH WAS CLOSE TO OUR MENTOR/STARTUP RATIO OF 1:2. 271 STARTUPS AND SMALL BUSINESSES RECEIVED COACHING AND MENTORING AS PART OF THE EBAY STARTUP CUP CHALLENGE PROGRAM.93 NEW BUSINESSES ARE IN OPERATION AND CONTINUING TO BUILD THEIR BUSINESSES AS A DIRECT OUTCOME OF THEIR PARTICIPATION IN THE EBAY STARTUP CUPTHE TOTAL AMOUNT OF JOBS ESTIMATED FROM THESE NEW BUSINESSES ACCOUNT FOR 669 JOBS, DIRECTLY AND INDIRECTLY.AND A TOTAL OF 2,310 COACHING SESSIONS WERE CALCULATED, AMOUNTING ROUGHLY 801 HOURS ACCUMULATED BY OUR VOLUNTEERS.THERE WERE TARGETED MEETINGS IN EACH CITY ABOUT FUNDRAISING AND LOCAL SPONSORSHIPS TO HELP COVER EVENT COSTS, PRIZES, VENUES AND ORGANIZATION OF THE STARTUP CUP. THESE DISCUSSIONS AND PARTNERSHIPS ARE BEING ADVANCED IN 2018.PAKISTAN STARTUP CUP: THE PAKISTAN STARTUP CUP CHALLENGE IS A BUSINESS MODEL COMPETITION OPEN TO ANY TYPE OF BUSINESS IDEA IN ISLAMABAD, KARACHI, LAHORE AND PESHAWAR BROUGHT TO YOU BY TIE ISLAMABAD IN COLLABORATION WITH THE U.S EMBASSY IN PAKISTAN, POWERED BY GRIFFINWORX. THE COMPETITION IS AN INCLUSIVE, GRASSROOTS-DRIVEN ENTREPRENEURSHIP EMPOWERMENT PROGRAM PROVEN TO GROW BUSINESSES, ENTREPRENEURS AND THE ECOSYSTEMS THAT SUPPORT ENTREPRENEURS.BUSINESS BUILDERS WHO COMPETE IN THE PAKISTAN STARTUP CUP ARE REWARDED FOR TURNING THEIR IDEA INTO A VIABLE BUSINESS, GOING TO MARKET QUICKLY, TESTING ASSUMPTIONS, AND MODIFYING THEIR BUSINESS MODEL AS THEY LEARN WHAT DRIVES CUSTOMERS AND REVENUE. BUSINESS BUILDERS OF THE PAKISTAN STARTUP CUP DO NOT HAVE TO BE EXPERTS AT CREATING POLISHED DOCUMENTS OR ACCOUNTING WIZARDS. INSTEAD, WHAT THEY LACK IN EXPERIENCE, THEY MAKE UP FOR IN PASSION AND DEDICATION TO ACHIEVE THEIR DREAM.THE EVENT ORGANIZERS OF PAKISTAN STARTUP CUP ARE PASSIONATE ABOUT SEEING REGULAR PEOPLE REALIZE THEIR DREAMS BY STARTING AND BUILDING THEIR OWN BUSINESSES.THE WAY STARTUPS ARE BEING BUILT IS RAPIDLY CHANGING. TODAY, ENTREPRENEURS ARE REWARDED FOR GOING TO MARKET FAST, SECURING CUSTOMERS, AND GENERATING REVENUE AS QUICKLY AS POSSIBLE. OUR FOCUS IS TO FACILITATE THIS PROCESS AND ULTIMATELY YOUR SUCCESS.1. FEMALE LED STARTUPS: 30%2. AT THE TIME OF PARTICIPATION 50% STARTUPS WERE IDEA BASED. AFTER THE COMPETITION ONLY 21% WERE IDEA BASED ONLY, REST WERE MVP OR SCALE.3. REVENUE INCREASED AFTER STARTUP CUP: 39% STARTUPS HAD RAISED REVENUE FROM 1 MILLION PKR - 5 MILLION OR MORE4. EMPLOYEES HIRED: AT LEAST 30 PERCENT STARTUPS HIRED 5 OR MORE EMPLOYEES.5. AT LEAST 40 PERCENT STARTUPS RAISED PARTNERSHIPS 6. AT LEAST 37 PERCENT STARTUPS RAISED SOME FUNDING RESULTS INCLUDE:2013: 450 APPLICATIONSEBAB PARTICIPATION: 1672015: 950 APPLICATIONSEBAB STARTUPS:ISLAMABAD: 82LAHORE: 77KARACHI: 75PESHAWAR: 522016: 1250 STARTUPS 2017: 1950 STARTUPSEBAB STARTUPS:ISLAMABAD: 110KARACHI: 85LAHORE: 90PESHAWAR: 60FAISALABAD: 552018: 1550 STARTUPSEBAB STARTUPS:ISLAMABAD: 90LAHORE: 85KARACHI: 80PESHAWAR: 52FAISALABAD: 54QUETTA: 42