FAQs

FAQs

• What is MITEFP?
  
  MIT Enterprise Forum of Pakistan (MITEFP) Pakistan is working towards to be part of the global network of MITEF chapters whose aim is to promote entrepreneurship in technology areas. MITEFP is working towards the establishment and sustenance of an Entrepreneurial Echo System in Pakistan.
  
• Who can become a member of MITEFP?
  Membership is open to all: MIT Graduates, non-MIT graduates, friends of MIT, local business executives and entrepreneurs.
  
• Is there any Fee for Members and what are the Benefits?
  
  • Memberships –annual dues are as follows:
    • StudentsRs. 2,000free admission to all public events for member
    • ProfessionalsRs. 5,000free admission to all public events for member
    • SMEsRs. 15,000free admission to all public events: 2 personnel
    • CorporationsRs. 50,000free admission to all public events: 5 personnel
• What are the activities of MITEFP?
  • Regular Monthly Events
    • Speakers
    • Discussion Panels
    • Interactive Audience Participation Programs
  • Cornerstone Series -quarterly
    • Action-oriented programs
    • Initial focus on linking large corporations to smaller, innovative companies
    • Foster buyer/seller and strategic alliance relationships
  • Below the Radar Innovation Recognition Program
    • High-profile quarterly awards program that recognizes outstanding examples of innovation in the following categories: business model, technology, innovation management, design and product/service
  • Executive Education (periodic)
    • Condensed content drawn from leading business schools
    • Co-marketed with universities
  • Roundtables (monthly)
    • Topic-specific discussions with limited number of participants
    • Invitation-only events
      
• What is BAP?
  
  BAP(Business Acceleration Program) 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 final outcome of the program would be a Business Acceleration Plan (BP) which would be ranked by experts. Two members of the top team would be sponsored to attend the MIT EDP (Entrepreneurship Development Program) at MIT in Cambridge, USA. The top ranking BPs would also be presented to VCs who may offer “Term Sheets” to these companies. OPEN members and would offer to be on the BOD of the top companies. The top teams would also be offered some free legal and financial consulting hours and be given shields as well other awards. Certificates will be provided to all participating companies.
  
• What are the Different Level of Sponsorship and their Benefits
  • Three levels:
    • Platinum     $10,000
    • Gold            $5,000
    • Silver          $2,500
  • Sponsor benefits
    • Visible commitment to supporting innovation and entrepreneurship
    • Direct association and identification with one of the world’s foremost technology institutions
    • Promotion and visibility to a high-quality, self-selecting community of executives and other business leaders
    • Representation on the Sponsors Advisory Council
    • Special consideration for participation in roundtables and panel discussions
    • Complimentary admission to all public MITEFP programs and events
    • Enhanced access to MIT’s programs and organizations involved with innovation and entrepreneurship
      
• I want to help as a Volunteer, What should I do?
  
  Please contact us to find out how you can help in the MITEFP programs.
  
• What Operating Committees of MITEFP are there and what are their responsibilities?
  
  • Programs & Events
    • Creates & manages programs
    • Selects event topics aligned with Exec. Committee (XC) direction
    • Recommends candidates for speakers, panelists & moderators
    • Provides pre-event direction to speakers, panelists & moderators
    • Manages attendee registration process & questions
    • Handles event logistics –location preparation, catering, A/V
    • Prints & distributes badges, brochures
    • Greets attendees & provides on-site event activity coordination
  • Membership
    • Manages membership program(s)
    • Meets with membership representatives periodically to gauge their satisfaction & solicit member feedback
    • Provides draft input for member newsletter
  • Sponsorship
    • Manages sponsorship program(s)
    • Handles 1st level sponsor questions; escalates as needed
    • Meets with sponsor representatives periodically to gauge their satisfaction & solicit their feedback
  • Alliances
    • Defines & executes alliance discussions with selected entities
    • Manages alliance initiatives & relationships
  • Marketing & Communications
    • Defines and executes marketing strategy aligned w/ XC direction
    • Manages marketing initiatives and external alliances
    • Manages event-specific promotional activities.
    • Manages master mailing lists
    • Solicits event feedback
    • Handles information requests
    • Creates & issues press releases
    • Creates content for brochures, website, mailings, advertisements
    • Manages web site operations
    • Edits and publishes member newsletter in concert with Membership Director