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Accelerator Nepal teams up with Rockstart, I-Cube to promote entrepreneurship in Nepal

Aug 24 2017 | 11:03 am

Kathmandu: Accelerator Nepal, through a working partnership with Rockstart Impact and Nepal
Communitere, is working to support entrepreneurship development in Nepal.

Bahar Kumar of Nepal Communitere says that with the program they will finally be able to fill a gap within the entrepreneurship ecosystem in Nepal by providing meaningful business incubation services to potential entrepreneurs.

This UK aid-funded collaboration will focus on business incubation and acceleration, actively nurturing and supporting high potential companies for growth, via incubation, acceleration and investment.
The applications for the programs are open from 1 August 2017 to 5 October 2017 (midnight). Out of
all the applicants twenty-two companies will be selected in total for the entrepreneurship development. programs. These companies will be divided in two groups: ten of the companies will go to the 100 days acceleration program Rockstart Impact, whereas the other twelve companies will be incubated for a year at Nepal Communitere’s I-Cube incubation program, before joining the pipeline of companies for further business development and/or investment. The application for both programs is
available online at: www.rockstart.com/impact/nepal

The process of incubation supports early stage innovators and entrepreneurs to be ‘acceleration-
ready’. The goal of the 100-day business acceleration program is to make 10 high potential entrepreneurs ‘investment-ready’ each year. ‘Investment Ready’ entrepreneurs will have a clear vision
and understanding on how they can realistically grow their business in a sustainable way. These
programs provide entrepreneurs with critical coaching and mentoring needed for business
development, along with other tools required to grow their business to the next level. The overall goal
of this program is to support high potential entrepreneurs and link them to domestic and international
growth capital.

“This collaboration will help early stage businesses access growth capital to create new jobs”, says
Rabi Rayamajhi, Private Sector Development Advisor, DFID Nepal.

“The development of Nepal is taking a turn where SMEs are playing the role of a leader, an inspirer,
and, a provider. We want to contribute as partners in this quest that these truly brave entrepreneurs
have started,” Willem Grimminck, Rockstart Impact initiator.

“We are excited to finally be able to fill a gap within the entrepreneurship ecosystem in Nepal by
providing meaningful business incubation services to inspiring entrepreneurs and set them up for true
success!” Bahar Kumar, Nepal Communitere Strategic Advisor

Panipokhari

Kathmandu, Nepal

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