Udhyami Seed Camp rolls out application for its third edition

Udhyami Seed Camp, a six-day long intensive entrepreneurial boot-camp, is set to start its third edition this year in Pokhara. The boot camp, which started in early 2017, aims to help develop nascent business ideas and early-stage startups into a scalable, running business model.  The first iteration of the boot camp focused on woman-centric entrepreneurship, whereas the second revolved around technology and development. This year, the central theme of the seed-camp is travel and tourism, and participants from across the country can send in their applications for the same till the 15th of October.

Udhyami Seed Camp is for everyone who possesses strong entrepreneurial ideas and execution skills, but lacks the required resources, mentorship and funding to kick-start her venture. Sanjay Maharjan, the operations officer for Udhyami Seed Camp says, “Many youngsters in Nepal would rather toil abroad than use the same energy to start their businesses here. Working for someone else, especially in a developed country, is a comfortable way out, whereas building your own company from scratch begs a long, tedious process. Our boot camp serves as a platform for people not only to realize the immeasurable rewards of entrepreneurship but also to see the vast possibility of working in an untapped market like Nepal. We want to imbibe a strong entrepreneurial spirit to our participants and help turn their ideas into a running business model.”

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In the early two editions, Udhyami Seed Camp has served as a platform for early stage startups and idea curators to fine-tune their ideas, map down their Business Model Canvas, channel the correct development strategy and build a gateway to entrepreneurship. The boot camp, which is designed as a workshop, is conducted by veteran entrepreneurs, industry experts and seasoned industrialists who not only mentor the participants to refine their business pitches but also (and mostly) assist them in creating a sustainable business model. A pool of more than 35 mentors facilitates the week-long sessions; the diversified expertise of each mentor helps the participating teams get a comprehensive insight on every aspect of starting up a company. Some of the previous mentors in the panel have included  Amun Thapa, founder and CEO of Sasto Deals; Sixit Bhatta founder and CEO of Tootle; Rachana Thapa, Director of Silver Mountain School of Hospitality and Asgar Ali, founder and CEO of eSewa.  

Many of the previous participating teams have gone on to expand their business ideas into successful business ventures. Rohit Tiwari, the founder and CEO of Foodmario, started his venture after acquiring seed fund by the end of Udhyami Seed Camp’s first edition. He had entered the boot camp with an idea to create a platform for engineers to co-exist and network, but he soon realized that this idea wasn’t necessarily a required innovation in the Nepali market. After being mentored in the boot camp, he decided to pivot his idea to provide a platform for delivering home-cooked meals. Now, in a little more than a year from its inception, Foodmario has been successfully operating in the food delivery market. Similarly, Sroth Code, a gaming company, and Sajilo Marmat Sewa, a service delivery platform, have emerged as notable alumni ventures from Udhyami Seed Camp.

Udhyami Innovations Private Limited, along with collaborative title partnership from Nepal Tourism Board, is organizing Udhyami Seed Camp this year. Other partners include Laxmi Bank and Laxmi Capital, Banking and Finance Partners; GATE College ( Global Academy of Tourism and Hospitality Education), Knowledge Partner; World Innovations Forum, Strategic Partner and Imagine Nepal, Adventure Partner.

You can apply to Udhyami Seed Camp here.

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Guest Saturday, 20 October 2018