ACE hosted the May 2017 Meet-up of Afghanistan Startup Community. More than 100 startups, entrepreneurs and business experts gathered at ACE for Startup Afghanistan’s May meet-up. The event also featured the launch of two new startups namely Gandom Luxury and Kab Fast Food.
Afghanistan Startup Community provides a platform where startup founders, business angels and investors network with each other and establish new business relationships. Startup Community is aiming to create a culture of sharing knowledge and experience among existing and potential entrepreneurs.
ACE was one of the main sponsors of 2nd Startup Weekend Kabul. Startup Weekend is a 54-hour event that brings together Kabul designers, developers, entrepreneurs, and experts from all domains. Participants came together over three days to pitch their ideas and form teams to develop their idea/businesses. Selected participants also obtained invaluable mentorship from business leaders.
Participants were also:
- Guided and advised by a group of mentors, coaches, and judges to turn their startup idea into a success story.
- Influenced by ideas around them and learn what it takes to create a successful business from the ground up.
- Provided numerous opportunities to learn and grow through real world experience and problem solving.
Afghanistan needs entrepreneurs for positive change; entrepreneurship can boost competitiveness and growth. On October 27, 2016, ACE participated in AIESEC Afghanistan’s annual event ‘Afghanistan Youth to Business Forum Y2B’. ACE in its efforts to nurture the development of a entrepreneurial culture and innovation in Afghanistan, actively participated in the AIESEC Y2B 2016 forum.In the morning session of the forum, ACE Managing Partner, delivered a speech on entrepreneurship and its importance for Afghanistan. He emphasized on encouraging and supporting entrepreneurship to address challenges related to youth unemployment, the role youth can play in the economic growth of Afghanistan and importance of social entrepreneurship.
In the afternoon session of the forum, ACE team also facilitated two workshop sessions on ‘Start-ups in Afghanistan’ and ‘Women Employability’. During the sessions, the facilitators worked with groups on analyzing the current state, challenges and opportunities for start-ups and women employability in Afghanistan, as well as guided them to brainstorm on identifying a specific problem domain and provide an innovative idea as a solution. At the end of the workshop sessions, two best voted and innovative ideas were selected and presented to judges.
The Founder Institute, the world’s premier idea-stage accelerator and startup launch program, has announced partnership between its Kabul Chapter and a local company, the Afghanistan Centre for Excellence (ACE), to support Afghan startups..
ACE hosted Founder Institute’s Startup Legal 101 event, which helps entrepreneurs and aspiring entrepreneurs learn the ins and outs of the legal side of starting and running a business in Afghanistan. The event featured keynote speaker Tom Kraemer, of Rosenstock Legal, a successful law firm based in Kabul. The event will ran from 9:00am to 12:00pm on June 16 at ACE’s headquarters in Karte 3, Kabul. In addition to the presentation, guests also had the chance to ask the presenter questions, to learn more about FI’s upcoming program in Kabul, and to network with the business community before and after the event.
“We’re excited to work with ACE this year because it allows us to give FI startups exposure to a successful Afghan company” said Jamshid Hashimi, Co-Director of Founder Institute in Kabul. “ACE is not only going to be sponsoring some of our graduates, but also allowing them to see up close the workings of a dynamic, creative company doing well in the Afghan market, and giving them awareness of and access to the resources ACE has like shared work space,” added Hashimi.
The Founder Institute is, whose graduates have created 2,100 companies launched with a 79% company survival rate, having created over 15,000 jobs (as of June 2016). FI is the most challenging and effective step-by-step Startup launch program for talented and motivated aspiring entrepreneurs. It provides a structured process, constant feedback and evaluation from expert mentors, and global network of entrepreneurs to support entrepreneurs to start an enduring company. In addition, the Founder Institute is the only program of its kind that focuses on people versus ideas, accepts founders with day jobs, and shares equity with all participants.