Maintaining its previous record The Institute of Management Sciences (IMSciences) has won the Business Idea/Plan competition in a national level summit at Lahore University of Management Sciences (LUMS). A group of 15-delegates (business administration and IT students) represented the Institute in the Summit namely, YLES`10, Young Leaders and Entrepreneurs Summit. The Summit was scheduled from January 18-24, 2010.
It is a yearly event, which was organised by LUMS Entrepreneurial Society (LES). More than 200 teams from renowned educational institutions of Pakistan (including IBA Karachi, NUST, and FAST etc) participated in the Summit. IMSciences' teams clean swept the Business Idea Competition (BIC), which was the core of YLES.
The teams also took part in other events of the Summit including Enspire Us, Case Study, Quiz, Social Enterprise, and Play It. These teams qualified several rounds and won laurels for the province. IM|Sciences faced a tough competition in the final round of BIC. Institute of Business Administration Karachi (IBA) and LGS (Lahore Defence) were the major contenders for the trophy in the final round. In this battle of marketable ideas IBA and LGS stood 2nd and 3rd, respectively while IMSciences clearly stood out as the winners of the competition.
Director IMSciences, Dr Nasser Ali Khan had applauded the performance of the delegates and congratulated them on their remarkable achievement. He also praised the supervising body, Social Committee IMSciences for its tremendous efforts; which ensured the proper training and guidance of the delegates.
The winning team was led by Aasil Hidayatullah and the presenters of the idea were Mohammad Sulaiman and Afzaal Humayun Khan, while the technical assistance was provided by Qasim Ali. They expressed the hope to continue the series of such marvellous achievements in the future too.