Kathmandu, Oct. 24
Nepalese Youth Entrepreneurs Forum (NYEF),
the youth wing of the Federation of Nepalese Chambers of Commerce and Industry,
Kathmandu Chapter has announced the launch of the fourth edition of the NYEF
Startup Awards.
"This competition aims to recognise
and empower Nepal's innovative entrepreneurs," the NYEF said in a
statement on Thursday.
Titled the 'Startup Awards 4.0', the
competition provides a platform for entrepreneurs to present their business
ideas, network with industry leaders and receive guidance to elevate their
businesses to new heights.
Previous winners of the competition such
as Doctors on Call, Karobar App, Galli Maps, Pet Mama, and Delish Dairy, have
achieved remarkable success through this initiative.
According to the NYEF, the participating
startups will get various benefits including mentorship, networking, business
development support, pitching opportunities and cash prizes.
The participating start-ups will have intensive
guidance from experienced entrepreneurs and industry experts while they also
have opportunities to connect with other entrepreneurs, investors and
specialists across Nepal.
Likewise, essential assistance will be
provided to empower and elevate startups professionally, and there will be a
chance to present business ideas to national and international judges. Best
start-ups will compete for cash prizes of Rs. 400,000, Rs. 200,000 and Rs.
100,000.
"The competition will be based on a
structured selection process, starting with the selection of 20 promising
startups. On the final day, seven finalists will present their business ideas
to the judges," read the statement.
Startups that meet the eligibility
criteria—operating for less than five years and registered with the Nepal
government—can apply for the competition till November 15.
Published in The Rising Nepal daily on 25 October 2024.
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