- Startup must be working on a technology, product, service, or process aimed at solving a problem related to verticals/challenge statements identified by KE.
- Startup must not be a reseller offering existing products/solutions already available in the market.
- Startup must demonstrate significant Growth and/or Impact Potential in any of the relevant challenge statements/verticals identified by KE.
- Startups are encouraged to have a prototype or MVP, or a similar solution that can be adapted to address KE’s identified challenge statements. While having a prototype is not mandatory, it is considered a valuable advantage.
- Startup should ideally be based in Pakistan. However, startups working outside of Pakistan are also eligible for participation.
- Startup must be a registered entity by the end of the program to receive the award.
Eligibility Criteria for Startups
Eligibility Criteria for Academia
- Researchers/students must be enrolled in or associated with an HEC recognized or any reputable global university.
- Researchers/Students are encouraged to have a prototype/MVP or a similar solution ready that can be pivoted to solve KE’s identified challenge statements. While not mandatory, having one is highly beneficial.
- Researchers/students must either be faculty members/research staff or 4th year Undergraduate, Graduate, or Postgraduate level students at a recognized university.
- Researchers/students can apply individually or as a group of maximum 4 individuals.
- Proposals by student researchers must be endorsed by at least 01 faculty member of their institution, who shall agree to supervise student(s) as well.
Terms & Conditions for EPIC
- Innovative Solution Alignment:
I confirm that my entry aligns with one of the predefined challenge areas and addresses specific problems within those domains. My solution is innovative, feasible, and scalable. - Compliance with Regulations:
I acknowledge that my project proposals must comply with all applicable/current industry standards, legal requirements, and regulatory guidelines, including safety and environmental protocols if developing a prototype. - Documentation and Presentation:
I agree to submit a comprehensive project proposal, including design details, development stages, projected costs, and timelines.
- Originality & Previous Work:
I confirm that my project has not received funding or support from other competitions or programs and does not infringe on third-party intellectual property rights. - Intellectual Property Rights:
I acknowledge that I retain ownership of my intellectual property but grant K-Electric a non-exclusive, royalty-free, worldwide license to use and showcase my solution, including prototypes, for promotional purposes.