In a bid to invigorate Nepal's entrepreneurial landscape, the Hult Prize at Kathmandu University orchestrated the 'Impact Up: Startup and SMEs Meet' on January 25, 2024, at Kathmandu University, Dhulikhel. Energize Nepal and Kathmandu University Business Incubation Center (KUBIC) collaborated closely to make the event a resounding success.
Under the guidance of Prarabda Singh Mahat, Deputy Campus Director of Hult Prize at Kathmandu University, the gathering served as a pivotal juncture for students and entrepreneurs, fostering discussions and initiatives aimed at catalyzing transformative change in Nepal's entrepreneurship landscape.
The event witnessed enthusiastic participation from 21 startups, SMEs, and Kathmandu University students, each contributing to the vibrant tapestry of ideas and innovation that unfolded. Generously sponsored by the Canadian Study Centre (CSC), the event facilitated a dynamic exchange of insights and perspectives among attendees.
During the proceedings, Kailash Palanchoki, Vice President of the Chamber of Commerce in Kavre, FNCCI, shared valuable insights into the entrepreneurial spirit, shedding light on the nuanced dynamics shaping the startup ecosystem in Nepal. The event resonated with a spirit of collaboration, further enriched by Ramesh Ghimire, Faculty Advisor, accentuating Kathmandu University's steadfast commitment to nurturing entrepreneurship through practical projects, incubation, and grants.
The day's activities commenced with an ice-breaking session, allowing entrepreneurs to forge authentic connections. Roundtable discussions provided a platform for participants to candidly share stories of triumphs and tribulations, fostering a rich exchange of experiences. A panel discussion, led by esteemed panelists Puspa Bhattarai, founder of Group 3 Multipurpose and Machine Nepal, and Anushka Bhattarai, a corporate lawyer, delved into critical aspects including startup ecosystem dynamics, economic trends, and crisis management.
Furthermore, the company information session offered a concise overview of each company's vision, business plan, and sector-specific strategies. The open mic session facilitated unscripted dialogue, enabling entrepreneurs and SMEs to exchange ideas, solicit feedback, and build networks.
Behind the scenes, the organizing committee comprising students from Kathmandu University and Nepal College of Management played a pivotal role in ensuring the event's seamless execution. Their meticulous planning laid the foundation for an environment conducive to innovation and collaboration.
The impact of 'Impact Up' transcends the confines of the event, planting the seeds of collaboration, knowledge exchange, and a shared vision for a robust entrepreneurial ecosystem. Participants departed with newfound insights and connections, contributing to the cultivation of a more vibrant and interconnected entrepreneurial community at Kathmandu University. As Nepal continues to navigate its entrepreneurial journey, initiatives like 'Impact Up' serve as catalysts for sustainable growth and innovation in the nation's startup ecosystem.
