𝐃𝐨 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧 𝐢𝐝𝐞𝐚 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲? 𝐃𝐨 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤 𝐲𝐨𝐮𝐫 𝐢𝐝𝐞𝐚 𝐜𝐚𝐧 𝐝𝐢𝐬𝐫𝐮𝐩𝐭 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐚𝐧𝐝 𝐬𝐨𝐥𝐯𝐞 𝐚 𝐦𝐚𝐣𝐨𝐫 𝐩𝐫𝐨𝐛𝐥𝐞𝐦 𝐟𝐚𝐜𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲/𝐬𝐨𝐜𝐢𝐞𝐭𝐲?
If the answer is yes, here is an opportunity you wouldn’t wanna miss!
As we can distinctly see that the COVID-19 is the first pandemic in human history where technology is being used on a massive scale to keep people safe, productive and connected while being physically apart. Hence no doubt that technological disruption is what the current and the future market is demanding.
Considering the call of the market, Gyanendra Khadka, Founder and CEO of Gyapu and XcelTrip , will be providing a fund of $500,000 that approximates Rs. 5,00,00,000 in Nepali Rupees to 25 startups. Yes, each tech based startup can secure $20,000 to kickstart their business idea or run their startup.
Who can apply for the funding?
- Ideas that are disruptive and Tech based
- A risk taker and a hustler
- Someone possess high leadership quality
- Someone who is willing to contribute full time to the startup/ business idea
“Our main objective is to invest in technology based concepts and ideas.”
It is important for the creative youth of Nepal to engage in disruptive technology, if we are to adapt to the changes that have been brought in by COVID-19. These changes aren’t temporary, they are here to stay for the longest possible time, so adaptation is inevitable” said Mr. Khadka.
How can you apply for the funding?
Interested candidate can send email to firstname.lastname@example.org or email@example.com with the Business Proposal attested which should include:
- Brief description of the business idea
- The problem the project will solve and the impact of the project on the society and nation
- Brief Profile of the founders
- Purpose of funding and its usage
- Exit Plan
- Business Plan & Strategies for 2 to 5 years
Remember the proposal needs to be precise, clear and crisp.
The funding will be provided over a period of 2 years rather than on a one time basis, but this will largely depend on the need of the startup or business idea. Further, the amount will either be an ROI or equity based as per the agreement, with major priority projects being those related to Blockchain, AI, VR & AR, gaming or any disruptive tech-startup to revolutionize the industrial market in Nepal.