Print Edition - 2017-02-04 | MONEY
CG, Nimbus team up for start-up incubation
Feb 4, 2017-
CG Corp and Nimbus have joined hands to support budding entrepreneurs who wish to start their own businesses.
Addressing some 400 aspiring young entrepreneurs at “Finance Your Dream”, an event organised by Himalayan Climate Initiative (HCI), here on Friday, CG Corp Managing Director Nirvana Chaudhary and Nimbus Managing Director Anand Bagaria declared their personal and corporate commitment to help incubate start-ups in Nepal.
HCI is a not-for-profit organisation that runs “Social Innovation and Business Incubation Hubs” in Kathmandu and Nepalgunj.
Prashant Singh, founder of HCI, said: “The biggest social imperative of the day in Nepal is to create a large number of employment opportunities for the country’s youth that are leaving us in big numbers. And, it is possible only through creating an enabling atmosphere for setting up businesses that create most employments.”
The event was first of a series that would help the country’s most resourceful individuals from the field of business and profession to directly contribute towards improving the start-up ecosystem in Nepal, HCI said.
“Chaudhary Group is committed to supporting young start-ups with information technology bent. We are making a large chunk of money available for such young entrepreneurs and companies. As entrepreneurs ourselves, we feel committed to make more entrepreneurs in the society,” said Nirvana Chaudhary.
Young entrepreneurs often find it difficult to access finance, as formal source of finance, such as banks and finance companies, generally do not have much to offer to inexperienced yet promising youth. In most emerging economies governments play a very active role in promoting incubation environment in the country.
“The core idea for a business start-up can come both ways. We generally think it comes from the entrepreneur and then get supported by investors. We tend to forget, however, that many a times; it also comes from investors, and picked up by the young entrepreneurial talents,” said Bagaria. “It is the incubation hubs across the world that creates an environment where entrepreneurial ideas are exchanged and brought to fruition.”
The event is expected to attract dozens of entrepreneurial ideas that would be further shaped at HCI Incubation Hubs. The ones that are ready for investment would be presented to the investors for their consideration. The event was attended by many aspiring entrepreneurs from outside the Valley.
Published: 04-02-2017 08:54