The participants were required to engage in various activities outside their comfort zone such as going out and asking potential users and partners for feedbacks and summarizing intricate hypothesis in shorter forms.After going through various steps, the final round saw the participants preparing a Minimum Viable Product, which is the cost effective form of their planned product or service.
One of the participants of the camp, Sneha Shakya shared that the bootcamp experience helped her gain an insight on how to start her business. "My team worked on an idea called 'Food Sewa.' Initially, we planned a service providing business and made major changes after receiving feedback from our potential customers. The biggest learning was that most assumptions we make often tend to be false. The best way to start a business is to just go to the market and start experimenting."
Chandan Nemkul and Ayasha Shrestha, who worked on GPS tracking for Montessori vans, were declared winners bagging a cash prize of Rs 25,000 for their business idea and feasibility, amidst a concluding ceremony on July 18.
Startup Bootcamp was organized by Young Leaders Entrepreneurship Forum (YELF), a US based non-profit organization that promotes entrepreneurship, together with Network for Teaching Entrepreneurship (NTFE), another company based in the US.
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