Program to promote entrepreneurship in the offing

With the objective of promoting entrepreneurship, two organizations -- Biruwa Ventures and Saadhya -- have announced a business plan competition named Udhyami Seed Fund Challenge 2012.
Speaking at a media briefing in the capital on Monday, the organizers said they were offering one month mentorship for the short-listed business ideas and providing financing of Rs 500,000 each to top three winners.
During the mentorship period, the organizers will provide the proposed company a mentor. They will also organize workshops on finance, legal, public relations and ideas for execution of the business ideas.
According to the organizers, the program targets to help brainstorm the business idea and develop business plan for execution. “Though fresh graduates and college students are the target groups of this program, anyone interested in entrepreneurship development and also those who have initially started entrepreneurship can participate, said Abhinab Basnyat, founding partner of Biruawa Ventures.
To participate in the program, interested participants should fill up the form which will be available online from Wednesday onwards.
Saurabh Rijal, director of Saadhya, said the existing problem for new entrants was lack of fund and proper environment to execute their plan. “We plan to create a proper eco-system so that the winners can set example and encourage others to develop entrepreneurship,” he added.
According to the organizers, application deadline is till September and mentoring period is scheduled to begin from October 6. This will be followed by final presentation of selected participants on November 17.
“With the help of Udhyami Seed Fund Challenge, potential entrepreneurs will get mentoring and networking support,” Vidhan Rana, another found partner of Biruwa Ventures.
“We are funding the winner with no collateral and will also provide them legal advice and marketing support,” he added.