Nepal Govt to host First Startup Summit on June 7-8

2017-04-28 9:30:00     New Business Age

The government is organizing a 'Startup Summit- 2017' in Kathmandu on June 7 and 8. The first of its kind conference in Nepal will be held with a purpose to promote entrepreneurial environment in Nepal.

"Through this major event, we want to run a startup national campaign for the young generation of Nepal," shared Industry Minister Nabindra Raj Joshi, while speaking at a programme organised at his office at Singhadurbar.

"We have a target to provide jobs to all the Nepali youths in the country itself in the next 10 years. For this, the government has been preparing to mobilize the national capital, as well as bring in Foreign Investment," shared Minister Joshi.

According to him, the programme will also help attract Nepali youths who are in foreign countries in course of foreign employment. "The ministry is also concerned about solving the challenges that the youths and the entrepreneurs are facing in the country," he further said.

In addition, Shankar Prasad Koirala, Secretary at the Ministry of Industry informed that the ministry has been discussing on the draft related to the startup policy which has already been completed.

He also shared that the ministry has already revamped the working procedure of the 'Challenge Fund' after it gets approval from the government. Budget will also be allocated as per the need. He said that the government is highly concerned that no entrepreneur should stop from growth due to lack of finance.

The summit will observe the participation of more than 300 youths from all the 75 districts of the country. Many aspiring national and international entrepreneurs will make presentations as resource persons in the programme. The international resource persons will share their experiences and discuss about the possibilities of entrepreneurship in Nepal.

Though such startup programmes were organised by the private sector in the past, it is the first time that the government itself has initiated such an event for startups. The conference will act as a get-together for all the startup and entrepreneurship-related people.

Also, during the programme, the Ministry will present the progress report of Nepal in terms of entrepreneurship. The ministry has formed a Startup Committee to make this event successful. "In today's competitive world, the country needs to bring new ideas and concepts in entrepreneurship," shares Narottam Aryal, convener of the Startup Committee.

The Nepal Entrepreneurs Forum, Confederation of Nepalese Industries (CNI), Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Industrial Enterprise Development Institute and Federation of Nepalese Cottage and Small Industries (FNCSI) are supporting this event.

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