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 Achieved
8 Completion Report of establishment of NICF 30-Sep-2022 Achieved
9 Financial & Internal Audit Report of Establishment phase 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 Due on completion of activity
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 Due on completion of activity
31 Investor Summit Due on completion of activity
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 To be Submitted
86 Startup Development/Progress Report To be Submitted
87 Quarterly Financial & Internal Audit Report To be Submitted
88 Project Mid-term Review Report To be Submitted
Appendix - C
89 Q2Y3 Workshop/ Seminars/ Training Sessions and Mid-term review of startups 31-jul-2024 To be Submitted
90 Completion of weekly themed curriculum of current cohort To be Submitted
91 Graduation/ Exit of Startups To be Submitted
92 Investor Summit To be Submitted
93 Registration of graduating startups on alumni portal To be Submitted
Quarter 3 Year 3 (Q3Y3)
Appendix - B
94 Q3Y3 Quarterly Progress Report 30-Apr-2025 To be Submitted
95 Startup Development/Progress Report To be Submitted
96 Quarterly Financial & Internal Audit Report To be Submitted
Appendix - C
97 Q3Y3 Promotion, Outreach, Selection, and Induction of Cohort 6 30-Apr-2025 To be Submitted
98 Seminars/ Workshops/ Training Sessions To be Submitted
99 Development/ Finalization of Curriculum & Program Schedule To be Submitted
Quarter 4 Year 3 (Q4Y3)
Appendix - B
100 Q4Y3 Comprehensive Annual Report 31-Jul-2025 To be Submitted
101 Startup Development/Progress ReporStartup Development/Progress Report To be Submitted
102 Annual Financial & Internal Audit Report To be Submitted
103 Startup Feedback/ Survey Report To be Submitted
104 Annual External Financial Audit Report by A rated Chartered Accountant Firm To be Submitted
Appendix - C
105 Q4Y3 Workshop/ Seminars/ Training Sessions and Mid-term review of startups 31-jul-2025 To be Submitted
106 Completion of weekly themed curriculum of current cohort To be Submitted
107 Graduation/ Exit of Startups/td> To be Submitted
108 Investor Summit To be Submitted
109 Registration of graduating startups on alumni portal To be Submitted
Quarter 1 Year 4 (Q1Y4)
Appendix - B
110 Q1Y4 Quarterly Progress Report 30-Oct-2025 To be Submitted
111 Startup Development/Progress Report To be Submitted
112 Quarterly Financial & Internal Audit Report To be Submitted
Appendix - C
113 Q1Y4 Promotion, Outreach, Selection, and Induction of Cohort 7 30-Oct-2025 To be Submitted
114 Seminars/ Workshops/ Training Sessions To be Submitted
115 Development/ Finalization of Curriculum & Program Schedule To be Submitted
Quarter 2 Year 4 (Q2Y4)
Appendix - B
116 Q2Y4 Quarterly Progress Report 31-Jan-2026 To be Submitted
117 Startup Development/Progress Report To be Submitted
118 Quarterly Financial & Internal Audit Report To be Submitted
Appendix - C
119 Q2Y4 Workshop/ Seminars/ Training Sessions and Mid-term review of startups 31-Jan-2026 To be Submitted
120 Completion of weekly themed curriculum of current cohort To be Submitted
121 Graduation/ Exit of Startups To be Submitted
122 Investor Summit To be Submitted
123 Registration of graduating startups on alumni portal To be Submitted
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

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