MITCEF-OPEN Business Acceleration Program’s (BAP) objective is to help IT/ITES Companies operating in Pakistan, to accelerate their business to the next level. This is part of the MITCEF and OPEN overall goal of building and sustaining the entrepreneurial ecosystem in Pakistan.
BAP aims to help accelerate some of the participating IT/ITES companies to
the next level by putting these companies through a mentoring/coaching
program. The participants of BAP would work towards preparing a Business
Acceleration Plan ( BP). These BPs would be ranked by experts who would
select the winner and runner-up teams. Two members of the winning team would
be sponsored to attend the MIT EDP (Entrepreneurship Development
Program) at MIT in USA. The winner and runner-up BPs would also be presented
to VCs who may offer "Term Sheets" to these companies. OPEN USA members would also offer to be on the BODs
of the top companies.