July 9, Kathmandu. Nepal Startup Fest 2022 is scheduled to be organized next Saturday. The Confederation of Nepali Industries Young Entrepreneurs Forum is going to organize ‘CNIYEF Nepal Startup Fest-2022’ on the same day.
The fest is being organized with the support of National Planning Commission, Youth and Small Business Self-Employment Fund and Indian Embassy in Nepal.
According to the confederation, the program is aimed at promoting startups in Nepal as a campaign and encouraging innovators to establish innovative business as an important part of the economy.
The confederation has stated that the government has been making various policy arrangements to take the startup forward and has been playing a constructive role for its successful implementation. Startups have submitted proposals with projects for investment. Startups were given a deadline of 27 June to submit investment applications.
It included proposals for 300 projects from across the country. The fest will feature 10 proposals selected from the Confederation of Nepalese Industries, the Young Entrepreneur Forum and a team of investors.
The program will provide capital and technical assistance to startups. It is also mentioned in the release that investors have been given an opportunity to invest in excellent projects. An investment commitment of Rs. 500 million is expected in this fest. Tickets for the event at the Salty Hotel are priced at Rs 300.
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