NTIC Idea खोज, An Idea Competition for Nepali Entrepreneurs & Startup

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Nepal Technology Innovation Center – NTIC is hosting an idea competition NTIC Idea खोज for startups and entrepreneurs to convert research/prototypes into products and services that add value in the rural areas of Nepal. The Business Idea Contest aims to grow, support and fund startups in the domains of Agriculture and Rural Development, Alternative and Renewable Energy and Health-Related Livelihood.

NTIC provides a 1-week intensive training & support program and provides entrepreneurs with access to an extensive network of mentors, entrepreneurs, and business professionals for a period of one year or more. After the 1-week intensive training and support program, NTIC supports the incubated businesses to develop the Minimum Viable Product (MVP)/Prototype, business strategy, and provide access to finance to be market-ready.

Why participate in Idea Competition:

  • Intense Incubation Program from industry experts and business leaders
  • Investment for prototype and business development
  • Startup Community
  • Corporate Network
  • Tailored Mentorship
  • Coworking Space for a year
  • Industry Events

Process of participating:

  • Apply: Fill out an application form
  • Selection for business pitch: Judges will select 10 potential businesses from all the applications for the business pitch
  • Business Pitch: Ten businesses will pitch their business idea in front of the judges according to the given parameters
  • Receive a decision: Out of the 10 businesses, 5 businesses will be selected for the business incubation and mentorship program. The NTIC team will advise the businesses within 2 days after the business pitch. And the selected businesses will go through the business incubation and mentorship process along with 5 lakhs investment for developing and scaling the business

Eligibility of the competition:

  • Entrepreneurs/Start-ups may be an individual or group of individuals working towards the development of innovative products/ processes/ services
  • The founders must be Nepalese citizen
  • Entrepreneurs/Start-ups that shows a significant impact in rural development as a core part of their venture
  • Entrepreneurs/Start-ups can be a registered company and is in good standing in the state of incorporation
  • Entrepreneurs/Start-ups working in the following industries
    • Agriculture and Rural Development
    • Alternative and Renewable Energy
    • Health-Related Livelihood

Register by yourself here. Submit the form by 28th August!!

For more detail about the event visit here.