Idea Studio's Business Incubation Center launched

1. Idea Studio's Business Incubation Center launched
Aiming to transform new ideas into socially-conscious enterprises, Idea Studio, the joint
initiative of Kathmandu University, Childreach Nepal, UNICEF and Meeting Point, has launched
Business Incubation Center.
Inaugurated at Kathmandu University School of Management (KUSOM) in Balkumari on
Friday, the center aims to encourage entrepreneurs and experts from various fields to work
together for coming up with social enterprises.
Addressing the audience, Tomoo Hozumi, UNICEF Representative to Nepal, remarked, “Idea
Studio can generate hope, aspirations and entrepreneurship along with solutions to the
development challenges that the country is currently facing,” adding, “It will encourage more
young Nepalis to stay and invest their skills and ideas in Nepal itself.”
Idea Studio launched a competition in August in which more than 600 Nepalis from across the
globe with ideas in fields like education,
tourism and agriculture had applied. Out of those, 35 ideas were selected for mentorship at the
incubation center.
The center provides theoretical and technical business skills to the participants for helping them
to develop their models into reality, informed Rupesh Krishna Shrestha, Assistant Professor at
KUSOM. He further added, “Participants will require skills and knowledge on marketing,
business development and finance to pitch their ideas to investors. So professors from KUSOM
will provide all those to them.”
A nationally televised reality show will feature the selected innovations and these will be
presented to business leaders. The business leaders will then choose the innovations for
investment and will help them successfully implement the same.
Dr Tsering Lama, Country Director of Childreach Nepal, remarked, “Through the program, we
will have promoted entrepreneurs whose ideas will lead to income generation. This will result in
poverty reduction and economic empowerment in Nepal.”