‘Why Entrepreneurship in Nepal’ Concluded Successfully

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John F. Kennedy had once said in his famous speech “Ask not what your country can do for you, ask what you can do for your country.” Of many challenges that we face as a nation, out-migration and reluctance of youth to seek education or employability in the country itself have significantly damaged our country’s quality of education as well as the state of innovation in industries and as a result the country’s economic growth. On 31. August. 2019 “Why Entrepreneurship in Nepal?” was successfully concluded. The event focused on the role of Entrepreneurship, Innovation, and Engagement of youth to solve national challenges. The event attracted young start-up enthusiasts from school and college levels who were eager to learn about start-up culture, start-up ecosystem in Nepal and its challenges. 

“Why Entrepreneurship in Nepal’’ was an event for youth, organized by youth. The event was led by eighteen years old Rahul Kumar Yadav who seems to firmly believe in the role of entrepreneurship and the positive impact it can create in the society by involving youth. His raw and untainted vision for the same managed to bring some of the most influential people in the entrepreneurial community together under one roof as panelists and keynote speakers, including politicians, academicians, and founders and CEOs of prominent start-ups. 

As the event began, the Chief Guest Hon Mr. Nabindra Raj Joshi, a former minister at the Ministry of Industry emphasized on the power of innovation, creativity, and information as the key to sustainable development and economic growth. He stressed that entrepreneurship and involvement of youth push system and policies to change.  In addition to this, the first-panel discussion stressed on the Necessity of Entrepreneurship in Nepal and connecting youth to it. The Panelists included Mr. Sixit Bhatta Founder of Tootle, Mr. Narottam Aryal President of King’s College, Mr. Asgar Ali and Mr. Amit Agrawal Founder of Khalti. Some of the interesting points were made by Mr. Sixit Bhatta who remarked that Entrepreneurship brings behavioral change in the mass. In his own disruptive way, he told his audience, “You come up with something innovative, policies will follow.” Clarifying his point with an analogy of “What do you think came first a car or a driver’s license?”

Similarly, Mr. Narrotam Aryal also had an insightful view of why our education system is failing to foster creativity, collaborations, and multi-disciplinary teams and successful entrepreneurs. He urged his young audience to question the tradition he said “only by questioning the tradition you can bring innovation. Get out of the building and collaborate. Amount of books you read or experiences you hear, cannot help you develop 21st-century skills.”  Reiterating a similar point Mr. Amit Agarwal cited three things to keep in mind whilst pursuing an entrepreneurship journey “ Acquire skills, Recognise future and when the future is, and determine how innovation affects inter-connected stakeholder.”

Moreover, the second-panel discussion was held on the journey of a start-up, challenges, and team. In the panel, we had our CEO Thryza Dow who shared the journey of our own start-up Blincventures.com. She said “Starting a business is like being in Love. It requires 100% commitment. As it leaves you with sleepless nights, tears in your eyes and hole in your pocket.” Moreover, Rohit Tiwari from Foodmario, and Miss. Faija Parween from Open Space Network also shared their entrepreneurial journey! The panelists had an interesting view on overcoming challenges and committing to start-up journey. Mr. Rohit Tiwari said, “The best thing about challenges is if you can overcome them, you are going to change how others look at the world. There will always be naysayers, but you are the one who is going to make a path for yourself. ” 

Last, but not least, Mr. Prakash Neupane Co-Founder of Sarathi Cabs was the keynote speaker. He spoke about problem solving and competition. “There are a lot of solutions to one problem, but to be a successful entrepreneur you have to think of the most feasible solution. Competition comes in managing feasibility,’’ he said. 

Article by Shambhavi Singh