Opportunity & Vision
One of the main reasons why Nepal is economically a least developed country is because there is not much happening for economic development. Nepal imports over 90% of its products for different purposes, and it exports less than 10% of its products for foreign currency, resulting ain huge trade deficit.
Therefore, a major economic overhaul is required to make happen, Nepal must give the highest priority to science, technology-creation and innovation in order to ensure a sustainable base for her much needed growth engines.
Considerable attention is needed to nurturing home grown inventors, innovators and scientists for economic development to the government level, many talented, innovative and creative Nepalese are leaving the country every year in search of better careers and opportunities aboard. This is huge and shameful loss for a poor country like Nepal. As a result, Nepal is still one of the least developed countries, despite so much foreign aid over many years. Unless and until Nepal stops losing creative, innovative and talented human resources at such an alarming rate, it will always remain an underdeveloped country. This is the bitter but irrefutable fact. Our goal is to keep talented and creative people and use their talents for the economic development of Nepal through research and innovation.
The vision of the National Innovation Center is to introduce Research and Development (R&D) culture to Nepal and help to nurture and promote innovation based ecosystems by employing both grassroots (bottom-up) and top-down approaches .
In order to recognize the often-over-looked resourcefulness and inventiveness of grassroots innovation hubs in rural Nepali communities with the idea to populace and to incubated their creative ideals. National Innovation Center will support them to creatively solve their local challenges, all the while contributing to the local economy.
It is estimated that a 10MW hydropower station will generate a new income of about US$ 3 million every year by selling the power to the government.
In the first few years of power production, 75$ (~$3million) of the net income will be used every year to pay back interest and loan, and pay of r the operating and maintenance cost. 25% (~US$1 million) of the net income will be used to run the innovation center. The estimated loan payback period is 8 years. Once the bank loan is paid off, NIC will hae about US$ 2.5 Million a year of operation. After it will start operating from the income of the hydropower and, we will also be looking from the income of the hydropower, we will also be looking for all possible sources of income in future as well.
National Innnovation Center will be focused to build a central structure and regional structures to work with talented and innovative Nepalese, who are either studying at the university graduated from the university. It will also support to and collaborate with innovators and researchers, who are already working in Nepal in different fields of innovations and inventions. These hubs are intended to act as impact accelerators or incubators at the national level to support innovative enterprises and research projects that can positively impact the social and economic fabric of the country.
The vision also includes creating an environment conductive to persuading talented Nepali researchers and scientists currently working abroad to engage and contribute in various ways to help nurture the creativity of young and talented Nepali back home.
National Innovation Center will create a database of those researchers and will request them to provide mentorship to young Nepali talents.