TORCH Incubation Centre
Technology Office of Commercializable Research-Based Hatch (TORCH) is an innovative incubation center at ILMA University, designed to help startups accelerate their growth and successfully reach potential markets. With a pan-global approach, TORCH aims to empower entrepreneurs by offering essential support, including funding of up to $10,000, along with access to a network of top experts. These experts provide invaluable assistance in key areas such as training, fundraising, networking, and promotion, creating a strong foundation for startup success.
TORCH’s philosophy is clear: “We want your success, not your equity!” This means that TORCH is committed to supporting startups without taking ownership, allowing entrepreneurs to retain full control of their ventures while benefiting from the resources and expertise offered through the incubation program.
ILMA University, one of the leading higher education institutions in Pakistan, is accredited by the Higher Education Commission (HEC), Government of Pakistan, and other allied regulatory bodies. Established in 2001 as the Institute of Business & Technology (BIZTEK), it was chartered by the Government of Sindh through an Act of Legislation in 2004. In 2017, ILMA University was elevated to its current status through an Act legislated by the Provincial Assembly of Sindh. Since its inception, the university has been providing world-class education and has earned top rankings for its undergraduate, graduate, and postgraduate programs.
TORCH collaborates with both national and international institutions under the umbrella of the Office of Research, Innovation & Commercialization (ORIC) at ILMA University. The goal of these collaborations is to accelerate the innovation process by providing investment, guidance, and resources that foster the development of groundbreaking solutions. Through ORIC, TORCH works tirelessly to bridge the gap between research-based ideas and market-ready products, ensuring that innovations are successfully commercialized.
In these challenging times, TORCH is inviting startups working on innovative solutions across various domains to apply for funding and assistance. The focus is on startups that can develop smart solutions with the potential for large-scale commercialization. The goal is to help these startups grow, scale, and make a significant impact in their respective industries.
TORCH’s Key Objectives:
- Support and Empower Startups: Provide essential resources, mentorship, and funding to startups to help them grow and succeed.
- Encourage Innovation and Commercialization: Foster an ecosystem that bridges the gap between innovative research and real-world application, enabling startups to reach commercialization.
- Develop Strategic Partnerships: Build collaborations with national and international institutions to provide startups with access to global markets and expertise.
- Create Sustainable Impact: Help startups develop sustainable solutions that can make a lasting impact on industries and communities.
- Promote Knowledge Sharing: Provide a platform for knowledge exchange, training, and skill development to strengthen the startup ecosystem.
20 Startups Accelerated by TORCH So Far:
- EcoWaste Solutions – Focused on waste management and recycling technologies.
- MedTech Innovations – Developing smart health devices for real-time monitoring.
- AgriTech Systems – Leveraging AI and IoT for precision farming.
- FinTech Solutions – Providing secure and scalable financial services for small businesses.
- Green Energy Solutions – Harnessing renewable energy technologies for sustainable power.
- E-Logistics – Revolutionizing supply chain management with AI-powered solutions.
- SmartEdTech – Creating digital tools for interactive and personalized education.
- BioHealth Ventures – Advancing biotechnology for improved health diagnostics.
- CleanTech – Focused on creating sustainable, eco-friendly technology products.
- AutoInnovators – Developing electric vehicle technologies for eco-friendly transport.
- FoodTech Solutions – Using technology to improve food safety and distribution.
- Smart Cities Tech – Developing IoT solutions for urban infrastructure management.
- AI for Agriculture – AI-based software to optimize crop yield and farming efficiency.
- WasteNot Technologies – Innovating in sustainable solutions for waste reduction.
- CloudX – Providing cloud-based software solutions for businesses.
- GreenPack – Developing biodegradable packaging solutions for a cleaner planet.
- CyberSecureTech – Offering cybersecurity solutions for small and medium businesses.
- VirtualCare – A platform for remote healthcare services and consultations.
- NextGen Robotics – Innovating robotic solutions for industries like manufacturing and healthcare.
- RegenWater – Solutions for water purification and sustainable water management.
By investing in these startups and others, TORCH is not only nurturing innovation but also playing a pivotal role in creating a thriving entrepreneurial ecosystem in Pakistan.