Enterprise – Nepal Business Accelerator Program calls for applications from Entrepreneurs for the third batch
Enterprise – Nepal Business Accelerator has opened application for growth stage companies to be part of the third batch.
Enterprise is the first business accelerator of its kind operated by the private sector in Nepal. The program is perfect for Nepalese companies that have been in existence for at least 3 years and are looking to fine-tune their business models, raise funds from investors.
Issuing a press statement published today, the second batch of the program gathered huge interest from over 400 companies, out of which 6 carefully selected companies were given the opportunity to be a part of the Accelerator Program. Foodmandu Pvt. Ltd, Ingrails Pvt. Ltd, Aiden Engineering Pvt. Ltd, A.C.T 360 Pvt. Ltd, Funkey Delights Pvt. Ltd and Vim Vox Lab Pvt. Ltd were the companies that were selected for the 12-week mentorship program.
During the program last year, the participating entrepreneurs got an opportunity to work with some of the leading industry experts in the country to reassess their business models, re-align their vision and objectives, plan their finances, get legal consultation, and ultimately, develop internal resources to target a high level of growth. The companies also attended various investors networking sessions and pitched their businesses to a select group of banks, angel investors, venture capital funds, and private equity funds on the Demo-Day.
Out of the 6 participating companies, 3 companies have already received investment with investment size in these companies averaging ~80 Lakhs. The other 3 have received term sheets from investors and are in the final stages of negotiation. In order to be eligible to apply for this program, companies need to have been in operations for at least three years, be seeking investment, and have a dedicated team to take their companies to greater heights.
Enterprise Batch Three will incorporate 10 teams and is scheduled to begin on 1st August 2017. The applications close on 30th June 2017.
Ajay Shrestha, Program Director at Enterprise added, “In Nepal, a lot of Small and Medium Size Enterprises (SMEs) do not have access to technical and financial resources to grow. A business accelerator can add a lot of value to these companies by providing them the necessary tools to analyse their overall growth strategy. By doing so, Enterprise helps them develop their internal capacity and makes them more attractive to investors.”
Enterprise aims to create an ecosystem for Venture Capital and Private Equity investment to thrive, through which companies, investors, and the entire economy can benefit from the growth of SMEs.
This program is managed and funded by True North Associates, an Investment, Consulting, and Management firm based in Nepal. It was initiated by Nepalese Young Entrepreneurs’ Forum (NYEF) in partnership with Centre for Creation of Economic Wealth (CCEW) at the University of Oklahoma.
For more information:
Arpan Khanal
Enterprise - Nepal Business Accelerator Program ( http://www.enterprise.com.np )
Ward No. 1, Lal Durbar, Hattisar, Kathmandu
Phone No. 977-1- 4424306
Email: info@tna.com.np
During the program last year, the participating entrepreneurs got an opportunity to work with some of the leading industry experts in the country to reassess their business models, re-align their vision and objectives, plan their finances, get legal consultation, and ultimately, develop internal resources to target a high level of growth. The companies also attended various investors networking sessions and pitched their businesses to a select group of banks, angel investors, venture capital funds, and private equity funds on the Demo-Day.
Out of the 6 participating companies, 3 companies have already received investment with investment size in these companies averaging ~80 Lakhs. The other 3 have received term sheets from investors and are in the final stages of negotiation. In order to be eligible to apply for this program, companies need to have been in operations for at least three years, be seeking investment, and have a dedicated team to take their companies to greater heights.
Enterprise Batch Three will incorporate 10 teams and is scheduled to begin on 1st August 2017. The applications close on 30th June 2017.
Ajay Shrestha, Program Director at Enterprise added, “In Nepal, a lot of Small and Medium Size Enterprises (SMEs) do not have access to technical and financial resources to grow. A business accelerator can add a lot of value to these companies by providing them the necessary tools to analyse their overall growth strategy. By doing so, Enterprise helps them develop their internal capacity and makes them more attractive to investors.”
Enterprise aims to create an ecosystem for Venture Capital and Private Equity investment to thrive, through which companies, investors, and the entire economy can benefit from the growth of SMEs.
This program is managed and funded by True North Associates, an Investment, Consulting, and Management firm based in Nepal. It was initiated by Nepalese Young Entrepreneurs’ Forum (NYEF) in partnership with Centre for Creation of Economic Wealth (CCEW) at the University of Oklahoma.
For more information:
Arpan Khanal
Enterprise - Nepal Business Accelerator Program ( http://www.enterprise.com.np )
Ward No. 1, Lal Durbar, Hattisar, Kathmandu
Phone No. 977-1- 4424306
Email: info@tna.com.np
