Science & Technology Entrepreneurship Program (STEP)

IBA STEP program is an initiative of the Center for Entrepreneurial Development (CED), Institute of Business Administration (IBA), Karachi to promote entrepreneurial characteristics and develop an entrepreneurial mindset in Pakistan. The program is especially designed for students and experienced professionals having Science, technology and engineering background to create their own venture by utilizing their technical skills. IBA STEP will play a significant role in promoting a culture of entrepreneurship on personal as well as on national level.

Different modules of entrepreneurship and management will be taught by seasoned IBA faculty and the study will be reinforced by the industry guest speaker sessions, alumni success stories, ideas sharing and networking. It is proposed that at least one faculty member from different universities of Karachi to be inducted as a participant to gain an understanding of how a business course for technical audience can be run. This will on one hand give impetus to the prospects of starting science, technology and engineering entrepreneurship courses in different universities while on the other hand give rise to the academia-industry collaboration.

The program is planned in such a way that classes will take place only on Saturdays from 5 to 8 PM so that students and industry professionals could manage the classes with their jobs and work. The pedagogy is unique and a mix of traditional, experiential, hands on exercises to develop skills and value strengthening exercises

Program Highlights

  • 4 Month weekend certificate program in entrepreneurship (Saturday 5 pm to 8 pm)
  • The foundation of STEP program is based on effectuation theory and the entrepreneurial method.
  • During the course, participants will be familiarized with tools and techniques from management subjects such as Organizational Behavior, Marketing, Accounting, Finance, Operations & Production Management, and Human Resource Management. Multiple learning modes will be used including, class lectures, case studies, group discussions, reading assignments, and games. Assessment will consist of quizzes, assignments, and final Product Launch.
  • A chance for the students to get a small office in CED incubator for launching their entrepreneurial ventures.
  • The program consists of numerous guest speaker sessions, field visits, hands on exercises in selling and creativity
  • Every student has to launch a new venture to graduate irrespective of failure or success
  • Various modules on value building are carried out through four stage strategy i) Explore, ii) Pursue and refine, iii) Launch and iv) Grow.
  • Each stage has four components i.e. entrepreneurship theory and practice, experiential activities, entrepreneurial skills development and values.

Eligibility Criteria

  • Candidates need to have a Business idea to start their own business
  • Engineering, science and technology University students
  • Professionals with Science, Engineering and Technology background

Selection Procedure

  • Submission of online registration form
  • Interview will be conducted of shorted listed candidates
  • Selected candidates will be informed through email.

Fee Structure

  • The fee for the whole program is PKR 25,000/- for Industry professionals however students are granted with 50% scholarship and they are only required to pay 12,500/.
  • Course Folder fee is PKR 1000.

Submission of Documents

On interview day shortlisted candidates are required to bring the documents as per below details:

  • Curriculum Vitae
  • Attested photocopy of C.N.I.C
  • Attested photocopy of latest educational transcript
  • All documents must be enclosed in file cover, incomplete file will not be considered
IBA - Leadership & Ideas for Tomorrow