Idea Studio is back with Idea Studio Season 5!
Idea Studio is a platform to turn promising ideas into solutions and ultimately ignite social change and unlock potentials in favor of entrepreneurship through innovation. The process starts with calling for innovation ideas across Nepal, which is shortlisted and mentored by renowned business leaders at KUSOM-Idea Studio, the first business incubator in Nepal, at the premises of Kathmandu University School of Management. The best ideas nurtured at the Business Incubator is showcased on primetime National Television in the form of reality show, where business leaders and investors interested in the ideas, partner and invest with innovators to put sustainable solution in place.
All Nepalis with an innovative idea to solve a social problem is eligible to participate.
IDEA SUBMISSION, SELECTION, MENTORING AND IMPLEMENTATION
Ideas are submitted via email and online application form. You can also submit the form offline at any Prabhu Bank Branch all over Nepal. A selection committee screens through the pool of submitted ideas and shortlists 75 ideas. Thereafter the selected participants are called for an audition where entrepreneurs pitch their innovative ideas. Finally, 35 ideas are shortlisted and invited to attend the incubation process at the incubation center.
Selected 35 applicants enter into one to two month long intensive lab-based studio incubation programme. The learning at the incubation program occurs in three stages. The incubated ideators/entrepreneurs are showcased in an engaging TV reality show. Each ideator/entrepreneur is given five to 10 minutes to pitch the idea in front of a panel of business gurus (business leaders/experts/TV panelist).
In the final episode four seed investments of USD 5,000 – USD 10,000; will be provided to four promising startups under the categories of Made in Nepal, High Flying, Social Impact Seed Investment, and Greenovation. Other investment as per the requirement of business depending upon their performance and promise will be facilitated along with the awards.
APPLICATION DEADLINE: FEBRUARY 7, 2021
For more information visit, Idea Studio Season 5 or give a call at 9801178787, 01-5186277