NICF Project Updates

NICF Progress Updates

In order to meet the contractual obligations between FFC, its consortium partners, and Ignite for the National Incubation Center Faisalabad (NICF), we consistently deliver progress reports to Ignite on a quarterly and annual basis. These reports are meticulously crafted to facilitate a comprehensive review of the program’s overall advancement and to closely track the progress achieved at the NICF. The table below provides a detailed overview of the current status of the activities.

Project Monitoring Schedule – National Incubation Center Faisalabad (NICF)

S.No.	Year/Quarter	Report	Due Date	Status
Establishment Period (Pre-Incubation Period)
Appendix - B
1	Y0	Project Inception Report	Within 10 Days of Commencement of Project	Achieved
2		Gantt Chart of establishment period		Achieved
3		Procurement policy and manual		Achieved
4		HR Manual		Achieved
5		Financial and administrative policy & manual		Achieved
6		Progress Report of Establishment of NICF	Within 40 Days of Commencement of Project	Achieved
7		Financial and Internal Audit Report	Within 40 Days of Commencement of Project	Achieved
8		Completion Report of establishment of NICF	30-Sep-2022	Achieved
9		Financial & Internal Audit Report of Establishment phase	30-Sep-2022	Achieved
Appendix - C
10	Y0	Development of Project Management Plans and Processes	Within 30 Days of Establishment Phase	Achieved
11		Development and Finalization of Reporting Formats		Achieved
12		Hiring of Project Management Team		Achieved
13		Establishment of Incubation Center	Upon completion of establishment phase	Achieved
14		Development of Manuals/ Policies/Guidelines/ Handbooks		Achieved
15		Hiring of the Project Team		Achieved
16		Development and Finalization of Reporting Formats		Achieved
17		Development of a web portal		Achieved
Incubation Period
Quarter 1 Year 1 (Q1Y1)
Appendix - B
18	Q1Y1	Development of Project Management Plans and Processes	30-Oct-2022	Achieved
19		Development and Finalization of Reporting Formats		Achieved
20		Hiring of Project Management Team		Achieved
Appendix - C
21	Q1Y1	Inaugural Ceremony	30-Oct-2022	Achieved
22		Promotion, Outreach, Selection, and Induction of Cohort 1		Achieved
23		Seminars/ Workshops/ Training Sessions		Achieved
24		Development/ Finalization of Curriculum & Program Schedule		Achieved
Quarter 2 Year 1 (Q2Y1)
Appendix - B
25	Q2Y1	Quarterly Progress Report	31-Jan-2023	Achieved
26		Startup Development/Progress Report		Achieved
27		Quarterly Financial & Internal Audit Report		Achieved
Appendix - C
28	Q2Y1	Workshop/ Seminars/ Training Sessions and Mid-term review of startups	31-Jan-2023	Achieved
29		Completion of weekly themed curriculum of cohort 1		Achieved
30		Graduation/ Exit of Startups		Achieved
31		Investor Summit		Achieved
32		Development of startup alumni portal and registration		Achieved
Quarter 3 Year 1 (Q3Y1)
Appendix - B
33	Q3Y1	Quarterly Progress Report	30-Apr-2023	Achieved
34		Startup Development/Progress Report		Achieved
35		Quarterly Financial & Internal Audit Report		Achieved
Appendix - C
36	Q3Y1	Promotion, Outreach, Selection, and Induction of Cohort 2	30-Apr-2023	Achieved
37		Seminars/ Workshops/ Training Sessions		Achieved
38		Development/ Finalization of Curriculum & Program Schedule		Achieved
Quarter 4 Year 1 (Q4Y1)
Appendix - B
39	Q4Y1	Comprehensive Annual Report	31-Jul-2023	Achieved
40		Startup Development/Progress Report		Achieved
41		Annual Financial & Internal Audit Report		Achieved
42		Annual External Financial Audit Report by A rated Chartered Accountant Firm		Achieved
43		Startup Feedback/ Survey Report		Achieved
Appendix - C
44	Q4Y1	Workshop/ Seminars/ Training Sessions and Mid-term review of startups	31-Jul-2023	Achieved
45		Completion of weekly themed curriculum of current cohort		Achieved
46		Graduation/ Exit of Startups		Achieved
47		Investor Summit		Achieved
48		Registration of graduation startups on alumni portal		Achieved
Quarter 1 Year 2 (Q1Y2)
Appendix - B
49	Q1Y2	Quarterly Progress Report	30-Oct-2023	Achieved
50		Startup Development/Progress Report		Achieved
51		Quarterly Financial & Internal Audit Report		Achieved
Appendix - C
52	Q1Y2	Promotion, Outreach, Selection, and Induction of Cohort 3	30-Oct-2023	Achieved
53		Seminars/ Workshops/ Training Sessions		Achieved
54		Development/ Finalization of Curriculum & Program Schedule		Achieved
Quarter 2 Year 2 (Q3Y2)
Appendix - B
55	Q2Y2	Quarterly Progress Report	31-Jan-2024	Achieved
56		Startup Development/Progress Report		Achieved
57		Quarterly Financial & Internal Audit Report		Achieved
Appendix - C
58	Q2Y2	Workshop/ Seminars/ Training Sessions and Mid-term review of startups	31-Jan-2024	Achieved
59		Completion of weekly themed curriculum of current cohor		Achieved
60		Graduation/ Exit of Startups		Achieved
61		Investor Summit		Achieved
62		Registration of graduating startups on alumni portal		Achieved
Quarter 3 Year 2 (Q3Y2)
Appendix - B
63	Q3Y2	Quarterly Progress Report	30-Apr-2024	Achieved
64		Startup Development/Progress Report		Achieved
65		Quarterly Financial & Internal Audit Report		Achieved
Appendix - C
66	Q3Y2	Promotion, Outreach, Selection, and Induction of Cohort 4	30-Apr-2024	Achieved
67		Seminars/ Workshops/ Training Sessions		Achieved
68		Development/ Finalization of Curriculum & Program Schedule		Achieved
Quarter 4 Year 2 (Q4Y2)
Appendix - B
69	Q4Y2	Comprehensive Annual Report	31-Jul-2024	Achieved
70		Startup Development/Progress Report		Achieved
71		Annual Financial & Internal Audit Report		Achieved
72		Annual External Financial Audit Report by A rated Chartered Accountant Firm		Achieved
73		Startup Feedback/ Survey Report		Achieved
Appendix - C
74	Q4Y2	Workshops/ Seminars/ Training Sessions and Mid-term review of startups	31-Jul-2024	Achieved
75		Completion of weekly themed curriculum of current cohort		Achieved
76		Development/ Finalization of Curriculum & Program Schedule		Achieved
77		Investor Summit		Achieved
78		Registration of graduation startups on alumni portal		Achieved
Quarter 1 Year 3 (Q1Y3)
Appendix - B
79	Q1Y3	Quarterly Progress Report	30-Oct-2024	Achieved
80		Startup Development/Progress Report		Achieved
81		Quarterly Financial & Internal Audit Report		Achieved
Appendix - C
82	Q1Y3	Promotion, Outreach, Selection, and Induction of Cohort 5	30-Apr-2024	Achieved
83		Seminars/ Workshops/ Training Sessions		Achieved
84		Development/ Finalization of Curriculum & Program Schedule		Achieved
Quarter 2 Year 3 (Q2Y3)
Appendix - B
85	Q2Y3	Quarterly Progress Report	31-Jan-2025	Achieved
86		Startup Development/Progress Report		Achieved
87		Quarterly Financial & Internal Audit Report		Achieved
88		Project Mid-term Review Report		Achieved
Appendix - C
89	Q2Y3	Workshop/ Seminars/ Training Sessions and Mid-term review of startups	31-jul-2024	Achieved
90		Completion of weekly themed curriculum of current cohort		Achieved
91		Graduation/ Exit of Startups		Achieved
92		Investor Summit		Achieved
93		Registration of graduating startups on alumni portal		Achieved
Quarter 3 Year 3 (Q3Y3)
Appendix - B
94	Q3Y3	Quarterly Progress Report	30-Apr-2025	Achieved
95		Startup Development/Progress Report		Achieved
96		Quarterly Financial & Internal Audit Report		Achieved
Appendix - C
97	Q3Y3	Promotion, Outreach, Selection, and Induction of Cohort 6	30-Apr-2025	Achieved
98		Seminars/ Workshops/ Training Sessions		Achieved
99		Development/ Finalization of Curriculum & Program Schedule		Achieved
Quarter 4 Year 3 (Q4Y3)
Appendix - B
100	Q4Y3	Comprehensive Annual Report	31-Jul-2025	Achieved
101		Startup Development/Progress ReporStartup Development/Progress Report		Achieved
102		Annual Financial & Internal Audit Report		Achieved
103		Startup Feedback/ Survey Report		Achieved
104		Annual External Financial Audit Report by A rated Chartered Accountant Firm		Achieved
Appendix - C
105	Q4Y3	Workshop/ Seminars/ Training Sessions and Mid-term review of startups	31-jul-2025	Achieved
106		Completion of weekly themed curriculum of current cohort		Achieved
107		Graduation/ Exit of Startups/td>		Achieved
108		Investor Summit		Achieved
109		Registration of graduating startups on alumni portal		Achieved
Quarter 1 Year 4 (Q1Y4)
Appendix - B
110	Q1Y4	Quarterly Progress Report	30-Oct-2025	Achieved
111		Startup Development/Progress Report		Achieved
112		Quarterly Financial & Internal Audit Report		Achieved
Appendix - C
113	Q1Y4	Promotion, Outreach, Selection, and Induction of Cohort 7	30-Oct-2025	Achieved
114		Seminars/ Workshops/ Training Sessions		Achieved
115		Development/ Finalization of Curriculum & Program Schedule		Achieved
Quarter 2 Year 4 (Q2Y4)
Appendix - B
116	Q2Y4	Quarterly Progress Report	31-Jan-2026	Achieved
117		Startup Development/Progress Report		Achieved
118		Quarterly Financial & Internal Audit Report		Achieved
Appendix - C
119	Q2Y4	Workshop/ Seminars/ Training Sessions and Mid-term review of startups	31-Jan-2026	Achieved
120		Completion of weekly themed curriculum of current cohort		Achieved
121		Graduation/ Exit of Startups		Achieved
122		Investor Summit		Achieved
123		Registration of graduating startups on alumni portal		Achieved
Quarter 3 Year 4 (Q3Y4)
Appendix - B
124	Q3Y4	Quarterly Progress Report	30-Apr-2026	To be Submitted
125		Startup Development/Progress Report		To be Submitted
126		Quarterly Financial & Internal Audit Report		To be Submitted
Appendix - C
127	Q3Y4	Promotion, Outreach, Selection, and Induction of Cohort 8	30-Apr-2026	To be Submitted
128		Seminars/ Workshops/ Training Sessions		To be Submitted
129		Development/ Finalization of Curriculum & Program Schedule		To be Submitted
Quarter 4 Year 3 (Q4Y3)
Appendix - B
130	Q4Y3	Comprehensive Annual Report	31-Jul-2026	To be Submitted
131		Startup Development/Progress Report		To be Submitted
132		Annual Financial & Internal Audit Report		To be Submitted
133		Annual External Financial Audit Report by A rated Chartered Accountant Firm		To be Submitted
134		Startup Feedback/ Survey Report		To be Submitted
Appendix - C
135	Q4Y3	Workshop/ Seminars/ Training Sessions and Mid-term review of startups	31-jul-2026	To be Submitted
136		Completion of weekly themed curriculum of current cohort		To be Submitted
137		Graduation/ Exit of Startups		To be Submitted
138		Investor Summit		To be Submitted
139		Registration of graduating startups on alumni portal		To be Submitted
Quarter 1 Year 5 (Q1Y5)
Appendix - B
140	Q1Y5	Quarterly Progress Report	30-Oct-2026	To be Submitted
141		Startup Development/Progress Report		To be Submitted
142		Quarterly Financial & Internal Audit Report		To be Submitted
Appendix - C
143	Q1Y5	Promotion, Outreach, Selection, and Induction of Cohort 9	30-Oct-2026	To be Submitted
144		Seminars/ Workshops/ Training Sessions		To be Submitted
145		Development/ Finalization of Curriculum & Program Schedule		To be Submitted
Quarter 2 Year 5 (Q2Y5)
Appendix - B
146	Q2Y5	Quarterly Progress Report	31-Jan-2027	To be Submitted
147		Startup Development/Progress Report		To be Submitted
148		Quarterly Financial & Internal Audit Report		To be Submitted
149		Comprehensive Impact Assessment Report of previous 4 years		To be Submitted
Appendix - C
150	Q4Y3	Workshop/ Seminars/ Training Sessions and Mid-term review of startups	31-jul-2026	To be Submitted
151		Completion of weekly themed curriculum of current cohort		To be Submitted
152		Graduation/ Exit of Startups		To be Submitted
153		Investor Summit		To be Submitted
154		Registration of graduating startups on alumni portal		To be Submitted
Quarter 3 Year 5 (Q3Y5)
Appendix - B
155	Q3Y5	Quarterly Progress Report	30-Apr-2027	To be Submitted
156		Startup Development/Progress Report		To be Submitted
157		Quarterly Financial & Internal Audit Report		To be Submitted
Appendix - C
158	Q3Y5	Promotion, Outreach, Selection, and Induction of Cohort 10	30-Apr-2027	To be Submitted
159		Seminars/ Workshops/ Training Sessions		To be Submitted
160		Development/ Finalization of Curriculum & Program Schedule		To be Submitted
Quarter 4 Year 5 (Q4Y5)
Appendix - B
161	Q4Y5	Comprehensive Annual Report	31-Jul-2027	To be Submitted
162		Startup Development/Progress Report		To be Submitted
163		Annual Financial & Internal Audit Report		To be Submitted
164		Annual External Financial Audit Report by A rated Chartered Accountant Firm		To be Submitted
165		Startup Feedback/ Survey Report		To be Submitted
166		Project Completion Report		To be Submitted
167		Project Impact Assessment Report		To be Submitted
Appendix - C
168	Q4Y5	Workshop/ Seminars/ Training Sessions and Mid-term review of startups	31-Jul-2027	To be Submitted
169		Completion of weekly themed curriculum of current cohort		To be Submitted
170		Graduation/ Exit of Startups		To be Submitted
171		Investor Summit		To be Submitted
172		Registration of graduating startups on alumni portal		To be Submitted