NTB and Udhyami Innovation initiates “Tourism Udhyami Seed Camp”

28th Oct, 2018 | Tourism Mail Crew

KATHMANDU, Oct 28: Nepal Tourism Board and Udhaymi Innovations, an organization working to build the start-up ecosystem in Nepal, have initiated, “Tourism Udhyami Seed Camp”, a platform for entrepreneurs to innovate and start new ventures in the travel, tourism & hospitality sector in collaboration with Laxmi Bank, Laxmi capital, GATE College, Nepal Telecom, World Innovation Forum, Imagine Nepal and Codewing Solutions.

Mr. Deepak Raj Joshi, CEO, NTB defined Tourism Udhyami Seedcamp as a platform initiated for the entrepreneurs, aspiring entrepreneurs, early stage startups aimed to uplift the tourism entrepreneurship of Nepal. Laxmi Bank and Laxmi Capital known for their innovative products and many “firsts” in 16 years of their business have come on board at Toursim Udhyami Seed Camp as Banking and Finance partner.

Along with providing much needed mentorships on finance, they plan to provide access to finance and possible investors to entrepreneurs looking forward to grow their business. While, GATE College, the knowledge partner of the program plans to provide access to mentors and its resources to help aspiring entrepreneurs fulfill their dreams and aspirations.

Tourism Udhyami Seed Camp seeks to identify innovative startups that are capable of transforming the way people travel and experience tourism at present. Against the call of applications from aspiring entrepreneurs, 61 eligible applications were received, out of which 34 most appropriate and viable ideas were shortlisted for the interviews. The best and most appropriate 20 teams have been selected by the selection jury based on the pre-designed criteria of selection.

The selected team will now go through a week-long of intensive boot-camp at Pokhara, where they are expected to validate their idea and learn the fundamentals of doing business from industry experts, senior entrepreneurs and business trainers. The teams then follow through another month of follow-up sessions where they develop their product and pitch it in front of more than 300 different stakeholders including potential investors, possible collaborators, senior tourism entrepreneurs and business experts.