True North Associates (TNA) signed a memorandum of understanding (MoU) with Ronnie K Irani Centre for the Creation of Economics Wealth (I-CCEW) on Tuesday. 

The MoU sees the two organisations agreeing to explore and work together in various capacities to develop the private equity and venture capital industry in Nepal.

I-CCEW is an economic development organisation at the University of Oklahoma that provides learning experiences, collaborative spaces, high-impact programming along with entrepreneurial consulting in Norman, Tulsa and Oklahoma City, reads a press release.

True North Associates is a private equity and venture capital company based in Nepal that invests in growth stage businesses with sector disruptive business models. TNA also manages the ‘Enterprise: Nepal Business Accelerator Programme’, which will be launching its third iteration on the first of August, 2017. 

I-CCEW also operates an accelerator programme in the US to help new tech startups and it believes that its own experience at managing such programmes will strengthen TNA’s Enterprise programme.  Participants in TNA’s Enterprise business accelerator programme will be able to network with student, entrepreneurs and investors in I-CCEW’s network, reads the press release.

Both organisations have also agreed to enable a channel for investors in Nepal to work together with investors in Oklahoma.