Announcing the 2023 New Venture Contest
First round results were announced on Jan. 8, 2022. Ten proposals are advancing to the semi-final round. Click here to view the results.
See the video below to learn about the 2023 New Venture Contest.
2022 (Past Year) New Venture Contest Results
More details about the 2022 competition is available at this link.
1st Position - $10,000
Cottage Busy Bees
Cottage Busy Bees empowers artisans of rural areas to collaborate with bigger markets to sell their handmade embroidery, crocheting, and other crafts. It will provide a platform to the sellers through which they could connect with the international market. By doing so, they can multiply their income as a result of which the financial dependency of women will be reduced.
One of the aims of Cottage Busy Bees is poverty alleviation in the country. It does so by educating and empowering women as they are the pillars of any nation. If they have the power to contribute to economic activities, then they can reform their society. About half of Pakistan’s rural women lack education because of their social pressures and restrictions. There is a need to encourage these women to work from their homes and make themselves as well as their families economically strong.
2nd Position - $5,000
Dairy Fuel Fields
Fields (DFF) was inspired by the need to limit urbanization, reduce pollution,
and make use of natural resources available in rural areas. The DFF project team belongs to a village in
Azad Kashmir about 200 km from Rawalpindi.
As part of the proposal, the team plans to develop a dairy farm consisting
of 5 Australia/Jersey breed cows that would daily produce 16 liters of milk per
cow. Along with this, the team would promote
vegetable cultivation. The aim is to (1) Reduce urbanization by providing jobs to individuals in village; (2) reduce deforestation by using animal dung to produce biogas; and (3) reduce carbon dioxide contents from atmosphere through vegetable cultivation.
3rd Position - $2,000
The Pot-in-Pot introduces “My Cool Bank”, which is proposed to be the fridge of the poor. In many areas of central Punjab, south Punjab, and rural Sindh, electricity is mostly unavailable. Therefore, it is challenging for them to preserve their vegetables/fruits in dry, hot weather conditions. The second main issue is higher electricity tariffs and load shedding. My Cool Bank is based on centuries-old method of evaporative cooling to preserve vegetables and fruits and get cool water in areas where conventional fridges could not operate. The team plans to manufacture a series of products with the pot-in-pot methodology or Zeer pot methodology. The three proposed products would be a refrigerator, a water cooler, and a storage bank. As manufacturing of clay pots is a well-known art, the team finds it easy to find skilled and semi-skilled labor to work on their idea. Also, it is easy to find the main ingredient, clay, near the facility where the clay pots are to be manufactured.
Vision of IPP US
Our Flagship Project
New Venture Contest (NVC)
There are many small business ideas that people aspire for but cannot pursue due to lack of resources, guidance, and encouragement. In 2022, the principals of IPP-US decided to launch a competition of business ideas aimed for aspiring entrepreneurs to pursue their dreams and make them a reality. The winning projects are not only financed through no-interest loans, but the winning teams are guided by subject-matter experts and business professionals to make them successful. It ultimately serves to fulfill the mission for which IPP-US was formed.
How it Works?
We are partnering with like-minded organizations, who are striving for community empowerment. Click below to learn more about our partners and how you can help