CG, Nimbus pledge to help start-ups

Published On: February 4, 2017 10:00 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Feb 4: Chaudhary Group and Nimbus Group will help Nepali start-ups with capital and other support, their representatives said Friday. 

Talking at ‘Finance Your Dreams’ in Kathmandu on Friday, CG Corp Managing Director Nirvana Chaudhary and Nimbus Managing Director Anand Bagaria pledged their personal and corporate commitments to help incubate start-ups in Nepal. 

Organizers Himalyan Climate Initiative (HCI) said the aim of the event was to collect entrepreneurial ideas. According to the organizers, ideas generated at the event would be further shaped at HCI Incubation Hubs and those which were ready for investment would be presented to potential investors for consideration.

Speaking at the event, Chaudhary said the Chaudhary Group was always committed to supporting young start-ups with an information technology bent. “We are making a huge chunk of money available for young entrepreneurs and companies,” he said, adding that young entrepreneurs often find it difficult to access finance. “As entrepreneurs ourselves, we feel committed to make entrepreneurs in the society,” Chaudhary added.

Likewise, Anand Bagaria said core business start-ups come from entrepreneurs and then get supported by investors. However, sometimes ideas also came from investors and would got picked up by young entrepreneurial talents, he said.

Prashant Singh, a founder of HCI, said 500,000 new jobs should be created in the country each year to stop talented youths travelling to foreign countries in the search of work. “One entrepreneur can create three to five jobs,” he said, adding that only entrepreneurship would help in the development of a country’s economy.

The event was attended by young entrepreneurs from inside and outside the Kathmandu Valley.

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