The rigorous 6-days long entrepreneurship boot camp- NIC Asia Udhyami Seed Camp concluded on 13 September 2017, which took place at M&S Towers, Pulchowk. In this tech edition of Udhyami Seed Camp, a total of 16 teams with innovative business ideas participated and had pitched their business ideas with an intention to turn their ideas into business and secure the seed money.
On the first day, coaches GovindaGyawali, Head of Sales & Marketing at Nimbus and Amit Agrawal, CEO of Janaki Technology delved into the workings behind being an entrepreneur and shared their entrepreneurial insight journey to the teams. Mr. Gyawali gave a talk on the importance of Value Proposition and the teams pitched their business idea for the first time.
Mr. BibhusanBista, CEO of Young Innovations and, Mr. Narottam Aryal, Executive Director of King’s College and more assisted the teams to learn more about Design thinking, develop the Business Model, and analyze the critical points, such as figuring out their key customers and the kind of audience they as a venture would be catering to. Also, Mr. Aryal introduced the basic concepts of the Lean Startup to the participants. He further explained how building prototypes is the first step towards bringing the idea and concept behind into a business reality.
The third day kicked off with the teams reviewing their Business Model Canvas’ (BMC) and presenting it to the coaches and the fellow participants. The participants got the in-depth feedback from the coach Sakar Pudasaini, founder of Karkhana and various coaches.
Themed to “Marketing/Communication Strategy and Revenue Model” and “Pitch Practice”, the fourth and fifth day, Mr. Asgar Ali, Co-founder and CEO of eSewa, stressed the importance of creating a brand value and opined that it is important for startups to generate idea for their venture to be those that are memorable, easily recognizable, and superior in quality and reliability. Adding to him, Mr. AmunThapa, the founder of Sasto Deal, focused on sharing suggestions and tips with the teams on how to get better investments and how to handle the investments a venture gets. Mr. Abhishek Maskey, Relations and Brand Manager of King’s College assisted them on preparing good presentation where, Mr. Mohammed Shabir, CEO of Go International shared how it is like to be an entrepreneur with some of his personal experiences. Rajiv Sharma, from Job Dynamics, coached the teams in team building. Throughout the program, the coaches, partners and the leaders from the entrepreneurial community had supported the teams in turning their business idea into a business.
A total of 130 attendees participated on the final day- Pitch Day, where each group presented their ideas in midst of the coached and investors- looking for genuine feedback from coaches and interest to invest from investors. While some companies got feedbacks on improving their business models, some others got genuine interests from some of the investors. The ideas that went through the boot camp will be further coached and assisted with intentions to make them investment ready for the next two months. The program is followed by bi-weekly follow-up sessions for coming two months and the edition would end at Udhyami-101.