Development of Entrepreneurial Ecosystem in Nepal

“A Shift in the Paradigm”

Lalit Basnet - Jul 09, 2017


If the average age of a country is to be  taken as a key indicator to predict the economic development of a nation then, it might come off as a surprise to some that the median age of the Nepalese population is 21.6 years (National Census 2011 AD; Central Bureau of Statistics), 8 years younger than the median age of India which stands at 29 years. And changes in  working culture of enterprises operating in our country justifies the mean. With the development of innovative curriculum in colleges these days, graduates are drawn towards starting out their own venture rather than seeking jobs.Not only college graduates, even experienced demography of people are drawn into the entrepreneurial ecosystem of the country through  entrepreneurship budding programs such as agriBusiness Bootcamp 2017 organized by NEHUB which was supported by World Bank infoDev.

With 90% of startups failing the margin of error for startups venture is high and this signifies the importance of Business Accelerators and Incubators. NEHUB in its pursuit to nurture, support and accelerate startup community and engage government agencies to foster vibrant investment and entrepreneurial ecosystem of the country  conducted a preliminary mapping of  Accelerators and Incubators, co-working spaces and investors operating in the country.

Source: Massachusetts Institute of Technology

Source: Massachusetts Institute of Technology

List of Accelerators & Incubators in the country:

Anterprerana Business Incubation Program Change Fusion Daayitwa
Economy Policy Incubator Empowher Enterprise Nepal Business Accelerator Program Entrepreneurs For Nepal
Everest School of Startups (ESOS) Himalayan Climate Initiative Idea Studio Innovation Hub
Institution for Suitable Action for Prosperity KCM Business Incubation Center King's College (Center for Innovation & Entrepreneurial Development) King's College (Yunus Social Business Center)
LOCUS IOE Microsoft Innovation Center Nepal MNS NEXT Venture Corp Nepal AgriBusiness Incubation Center (NABIC)
Nepal Communitere Nepal Entrepreneurs' Hub (NEHUB) Nepal Innovation Lab Nepal Prosperity Institute
Nepal School of Entrepreneurship Nepalese Young Entrepreneurs Forum (NYEF) Robotic Association of Nepal (RAN) RockStart
SAMARATH Samriddhi Foundation Startups Nepal Ujyalo Foundation
Women Development Advocacy Center Young Innovations (YIPL)

List of Co - Working Spaces operating in the country:

Adda

Bikalpa Art Center

Clock B

Haushala Creatives

Nepal Connection

Nepal Communitere

Open Gov Hub

Pasa Yard

Platform.Inc

Regus in Ktm

Ventures Café

Work around

List of Investors:

Biruwa Ventures Business Oxygen Private Limited Dolma Impact Fund Emerging Nepal iCapital Pt. Ltd.
One To Watch Practical Action - "Access to Capital for Rural Enterprise" (ACRE) Seed Investments True North Association

The mapping conducted by NEHUB is an ongoing process and will be updated continuously. Those whose names have been missed out are welcome to submit their details to NEHUB at info@nehub.org