KATHMANDU, MAY 07 -
The REC@nnect Nepal BootCamp provided the participants an opportunity
to have a one-on-one mentorship with local and international investors
and entrepreneurs on the second day of the event on Tuesday.
The event, organised by CRDF Global in partnership with the US
Department of State, Ace Institute of Management and Microsoft
Innovation Centre Nepal, has drawn around 40 tech start-ups from Nepal
and 12 countries from the South and Central Asia.
On Tuesday, the partcipants were seen busy pitching their business
ideas to the judges after receiving vital tips from the facilitators,
including eminent Nepali entrepreneurs Sanjib Raj Bhandari, chief
executive officer of Mercantile, and Vidhan Rana, founder and managing
partner of Biruwa Ventures.
“The event has turned out to be very supportive for entrepreneurs as it
deals with crucial issues such as business model, market research and
fixing market strategy,” said Aizhan Julanova, an entrepreneur from
Kazakhstan. She added that the event has also turned into a platform to
catch up with young and innovative minds and to explore new dimensions.
Of the 40 entrepreneurs, the top 10 startups will pitch their ideas to
potential investors and the wider entrepreneurial community at a
programme on Wednesday. Other start-ups will also showcase their
products to the investors and guests on the event’s final day. The first
three start-ups will receive cash prize of $3,000, an iPad and an iPad
mini respectively.
According to Ovidiu Bujorean, senior manager, Entrepreneurship and
Innovation at CRDF Global, the prime objective of the event is to find
out entrepreneurs and that they aim to continue with similar other
endeavours in the days to come.
Likewise, Allen Bailochan Tuladhar, country director Microsoft
Innovation Center Nepal, said that the start-ups are being groomed by 30
seasoned entrepreneurs. “For start-ups, in the filed of information
and technology, have a similar level-playing field compared to the
entrepreneurs of the developed countries,” said Tuladhar. “This kind of
initiatives allow our youths to take to the global arena while remaining
in the country.”
The three-day event has 20 Nepali tech entrepreneurs and the equivalent
number of start-ups from 12 countries in South and Central Asia,
including Bangladesh, Bhutan, India, Kazakhstan, Kyrgyzstan, Maldives,
Pakistan, Sri Lanka, Tajikistan, Turkmenistan and Uzbekistan.
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