The following report highlights key fact and relevant information regarding the 13th edition of the Young Leaders’ and Entrepreneurs’ Summit
- Dates: 23rd December – 27th December (5-day event)
- Held right after the final exams (one of the biggest challenges for this year was to prepare for the summit during the dead week and final exams)
- Introduced a new delegation system where participants were not divided as ‘head delegates’ and ‘delegates’, but rather were assigned the following roles at time of registration:
- Managing Director
- Finance Director
- Marketing Director
- Operations Director
- Communications Director
- This system inculcated a sense of responsibility within the delegates and also ensured equal participation across a team as a different round put varying levels of responsibility on different position holders
The theme for this year was ‘be inspired’ – the logic behind this was to portray that one must have some source of inspiration before they can venture out onto their entrepreneurial journey. Each delegate was also given the following card to note down their goals and important learning points over the course of YLES:
A new format was introduced for the networking night – firstly there was a panel talk in the academic block courtyard, led by Hina Rabbani Khar and Ahmed Khan (founder and CEO of cheetay). Secondly, there was a networking session in the academic block courtyards where panels of 4-5 mentors (comprising of CEO’s and industry experts) were placed in each aud and participants were divided amongst the auds to go to their respective panel and receive feedback on their business idea (that they will be using for their idea junction round). This was very well received by both the mentors and the students – who received valuable feedback on their ideas.
Present at the networking night was also our Official Incubator Partner – ID 92, which is another milestone for us. Not only did ID 92 set up a stall at our networking night and provide delegates with feedback but they also provided us with CEO’s and industry experts to judge the final round of Idea Junction. Currently ID92 is in contact with the top 3 position holders in the idea junction round to offer them potential incubation as part of our partnership this year. This was a big deal for us as the ultimate purpose of an entrepreneurial competition is to provide exposure and support to the business ideas being presented at it. The Co-founder of ID 92, Nabeel Qadeer also gave a presentation at our opening ceremony where he talked about the entrepreneurship ecosystem in Pakistan.
- YLES this year also had an official app, which was used for the following purposes:
- Navigating across LUMS (and posting the venues for rounds)
- Posting scores
- Advertising sponsors
- Assigning internal duties
- The YLES host team ramped up its academic prowess by writing original case studies, all in all we wrote the following cases and rounds:
- 5 cases on failing brands for the round Brand Rush
- 12 cases on companies that face Public Relations crisis, for the round Plug It In
- A market entry case on Starbucks for the round Strategic Business Management
- A case on a hypothetical airline for the final round of Strategic Business Management
- An extensive storyline based on a hypothetical country along with profiles of 10 different companies for the first round of Investomania *more on this later
- A set of news updates for Investomania Round 2
- 8 cases, adapted from those provided by Seed Out, for the first round of Social Enterprise
- 3 cases for the final round of Social Enterprise
Investomania Round 1: A new concept was introduced for investomania Round 1 where a stock market simulation was created in a hypothetical country. This was done in person in the free parking where we had set up 10 stock broker booths and a news centre. The news Centre comprised of 2 SMD Screens where news updates were posted at regular intervals along with price updates. There were a total of 10 companies and the finance director from each company could approach any of the stockbrokers to buy/sell/trade shares. The Entech Project of LES created an entire ‘stockbroker’ application to allow transactions to be carried out in real time. This entire project and concept took over 5 months to develop and shows the devotion of the host team to enhance the quality of the rounds at YLES.
Investomania Round 2: This round built on the concept introduced last year and created a trading game where the finalists had to trade the following commodities in real time: oil, wheat and rice. Each team was given a PC in trade lab where they had to play the game on a java interface created by the Entech Project of LES. This was again a standalone application created just for this round.
- 25th December: Christimas Carnival – a first of its kind social event held in LUMS. The Christmas night was held in the REDC lawn and it was a fun time with a lot of music, dance, and Christmas décor!
- 26th December: Concert – YLES brought strings to LUMS for the 2nd time and it was perhaps the highlight of the entire event
- Bilal Bin Saqib was the speaker for the closing ceremony and he talked about entrepreneurship and his start up Tayyabah
- The Marketing and Corporate Relations Department of LES set a new record this year for the highest amount of sponsorship ever brought by a society
- For the first time ever, YLES had international delegates – a total of 15 international students from Nepal and Afghanistan. Thus, growing our image internationally!
- As part of our social outreach program we had to SOP teams compete at YLES this year for free. These students belong to schools from underprivileged areas and were provided mentorship throughout the event. For the first time ever, an SOP team won one of the winning prizes as they placed third in the Investomania Round


The greatest moment of happiness was when I got my LUMS acceptance letter, instantly Facebook and WhatsApp groups were made where people talked about joys of Oweek and horrors of enrollment. Everyone was happy wondering about life at LUMS especially about hostel-life. On my check-in day, I was a little scared about living away from home. I can still feel the excitement and fear in my heart which I sensed when I entered LUMS. First night was a bit troubling as I was new to this place and knew nothing. I felt like an outsider to this ‘bubble’ of LUMS but I was able to make it. I met a few Facebook friends and we talked about practices and places at LUMS and about courses while sitting at Khokha. Next day was our orientation day and from then on a whole orientation week kicked off. Orientation day was great. Speeches delivered by the Dean of HSS and Law were the best ones. My mother also came to orientation and I had to meet her. When I left to meet her after orientation, the scene of hall changed. I was in middle of a talk when I saw coaches lifting banners and shouting their group numbers and slogans. I soon had to leave my mom because I didn’t want to miss the fun. I found my group in the flood of students. A few of my group members were already there. We all started shouting our group name and slogan. It felt like battle of slogans; all trying to shout louder and louder and struggling to win the battle. We then left to sit in a ground and had icebreaking session. We had different activities during the whole week which helped me in getting comfortable with the environment of LUMS and understanding how it functions. I learnt a lot, met amazing people and coaches, and gained confidence. I am grateful to especially those people who guided and advised me about the life at LUMS and they are still there to help. We freshmen enjoyed O’week a lot but didn’t know this was the silence before storm: the Enrollment. Our breaths were hooked up on the day of Enrollment. We all were advised to go to respective labs at least two hours earlier. I had enrollment at 12:00 pm and I was at the lab at 8:30 am just to be on the safe side. I was not alone. Many students were at the door of lab. We waited and waited but didn’t move from the lab entrance because we were told you won’t get seats. At last, clock ticked 12:00; the students who were already in there came out and we rushed in. We were given an introductory session about how to enroll, what to do, and how to deal with Zambeel. We had to place our courses in shopping cart between 12:30-12:59 pm and enroll them at sharp 1:00. The whole period was numbing. I could feel a mantle clock ticking in my brain. It felt like a ticking bomb, ready to explode at any time. The clock struck 1:00 and everyone started clicking on enroll button holding their breaths. Lab was in utter silence. As for me, I could feel blood rushing in my cheeks, my palms getting sweaty and heartbeat getting fast. I was reciting all the duas I could remember in my mind. I clicked on “Enroll”, and waited and prayed while starring at the rotating circle on the top of screen. Moments later, another screen appeared with green circles in front of each course. After passing one difficult stage of enrolment, there was another waiting ahead: “Finish Enrolling”. One dungeon after another! At least it felt like a dungeon at that time. I swiftly clicked “Finish Enrolling”. Again, the same rotating circle and I starring at it! A soft scream came out of my mouth “Alhamdulilah!” I got all my courses with all the instructors I wanted (Alhamdulilah!). I was on the seventh sky. But then I heard little shouts behind me: ‘Shit!’, ‘I didn’t get my course’, ‘I didn’t get my instructor’ and so on. I saw lab attendants rushing for their help. It was heart breaking for me, though I was happy for myself but still I had feelings for them too. The severe stress I got was on second enrollment i.e. enrollment for second semester. It was held at 7pm and all labs were full by 11:30am Luckily, I got one last corner seat at the end of IST lab 4 but unluckily no friend around. All the labs were assigned 15 minutes policy that is after 15 minutes computer would log out and anyone can sit at your computer. I didn’t have a laptop so it was necessary for me to be glued at my place. I also had to skip my class for that. I had light breakfast and had to skip lunch just to save my seat and because of that I got stomachache. I had to leave for prayer and asked the girl sitting next to me to take care of my seat and assured her I will be back in 15 minutes but she refused. There was a class-fellow of mine in the same lab. I asked her and she sat on my seat leaving hers (May Allah bless her!). I prayed and came back. Now the next problem was hunger. I tried to divert myself till 4:30pm but after that I couldn’t resist more so I decided to text my roommate. She was in E-lab. She immediately agreed to bring me food (I am really thankful to her for this favor. May Allah bless her too! ) Finally comes the enrollment time and I got the course I wanted (By the way, all this trouble was to get one course and there was Phase II waiting ahead). On that day I realized how people can be both mean and kind. Where I experienced unhelpful behavior, I also experienced kindness and love. It does not matter what life gives you, what you focus on matters and I decided to focus on the love of people that I received. In Phase II, I got my courses but they were dropped because of some issue. In re-Phase II enrollment, I got only one course but it is the way life is: “Kabhi khushi, kabi gham”. I have completed my first year now and Thanks to Allah it went really well, not much of mental stress. I experienced real life during this year; I met snakes, I met pigeons, I met hawks and it is just one year. I hope to learn and experience much more in the coming years.