Nabil Nari Udhyami Seed camp starts accepting application; aims to provide women led and women engaged startups with required resources
After the successful legacy of three editions- Women focused, Tech & Tourism, Udhyami Seed Camp is now gearing up for the second edition of its women themed entrepreneurial bootcamp, “Nabil Nari Udhyami Seed Camp”.
Nabil Nari Udhyami Seed camp is a business bootcamp dedicated to providing a platform to women co-founders with creative business ideas. Udhyami Innovations, together with Nabil Bank, strongly believes in gender diversity and its potential in Nepal’s growing entrepreneurial ecosystem and that Nepali woman must be given equal opportunities to realize their ideas into ventures. Nabil Nari Udhyami Seed Camp, thus, aims to identify some of the best idea phase startups led by women and provide them with the required resources to help them refine their business idea, grow their network, form profitable business connections and kick-start their entrepreneurial journey.
Nabil Nari Udhyami Seed Camp is announced its applications on May 9th, 2019 for the aspiring entrepreneurs teams and early stage startups that are led by at least one woman co-founder and whose ideas provide innovative solutions to existing needs in Nepal.
Anil Shah, CEO of Nabil Bank stated “Udhyami Seed Camp is a platform for young innovators who will be sowing the seeds of their own business, a feat that I feel challenging even for myself – a comfortable employee”. We want to make sure that if given opportunity, women would thrive in bringing different perspectives and eventually create a lasting impact in the entrepreneurship market. The word ‘seed’ in Udhyami Seed Camp holds the most importance as this bootcamp is to sow the seeds of young innovators.
Out of all the applicants, the selected maximum 20 teams will go through a tried and tested entrepreneurship program in the bootcamp said Prabha Timilsina, Program Coordinator of the Udhyami Innovations. They will be provided with full-fledged mentorship and guidance from entrepreneurs and experts, access to an entrepreneurial community, assistance in developing their business models, refining and validating their business ideas with the objective of kick starting their ideas into businesses added Sharad K.C. Business and Partnerships Coordinator of the program. On the final day of the bootcamp ‘Pitch Day’, the teams will pitch their business idea to the investors and other selected stakeholders to secure the seed money.
Following the bootcamp, the teams shall make an intense research, work on their business model for a month and again shall make an investment pitch ‘Demo Day’ at larger scale.
By bringing together key stakeholders like sector experts, investors, industry supporters, entrepreneurs and innovators, the program aims to create a vibrant and collaborative platform for women entrepreneurs to enhance and empower their women-led businesses with intentions of bringing them into the economic mainstream.
Since the inception of the camp in 2017, it has helped 48 teams and 119 individuals realize the Udhyamis inside them, enabled more than 60 senior entrepreneurs and experts to share their insights, and provided investors opportunities to invest in the best entrepreneurial people and ideas. 3 teams have succeeded in securing the investments and are working to scale up their ventures while 5 other teams have received investment commitment from interested investors.
Seeing an incredible impact from the program in earlier editions, Nabil Bank is supporting Udhyami Seed Camp with the objective of uplifting the women entrepreneurship in Nepal.
The application deadline for the Nabil Nari Udhyami Seed Camp is on 9th June, 2019 where the teams can login to www.udhyamiseedcamp.com/apply to fill up the form. The bootcamp is expected to start shortly after.