The latest iteration of Idea Studio is open for applications and ready to goShare
Idea Studio is a platform to turn promising ideas into solutions and ultimately ignite social change and unlock potentials in favor of entrepreneurship through innovation. The process starts with calling for innovation ideas across Nepal, which is shortlisted and mentored by renowned business leaders at KUSOM-Idea Studio, the first business incubator in Nepal, at the premises of Kathmandu University School of Management.
The best ideas nurtured at the Business Incubator are showcased on primetime National Television in the form of reality shows, where business leaders and investors interested in the ideas, partner and invest with innovators to put sustainable solutions in place. Idea Studio Nepal provides encouragement, resources, space, exposure, learning, networking, and investment opportunities for socially conscious business ideas: from the inception to the launch of the venture.
The Idea Studio Nepal’s approach is based on core values promoting social innovation, to ignite investments, for social justice, through knowledge creation, and eventually restoring human dignity.
The partners work together on the principle of the multi-stakeholder approach to create an enabling environment to build a vibrant entrepreneurial ecosystem. Kathmandu University School of Management (KUSOM) contributes as a Knowledge Partner, World Wildlife Nepal (WWF Nepal) as the Eco Impact Partner, and Idea Impact Fund as the Investment Partner. From Season 5 ISN has partnered with Prabhu Bank as the Banking Partner, National Youth Council (NYC) as the Policy Partner, AP1 TV as the Broadcasting and Production Partner and Shilapatra as the Online News Partner.
Up till Season 4, more than 2,000 innovative business ideas were received, 130 went through the incubation programme, and 40 businesses are successfully in operation. On January 6, 2020 Season 5 was announced open along with idea calling at a press meet held at Nepali Chulo, Lazimpat. The application will close on February 7, 2021. For details on how to send the application visit www.ideastudio.org.np or contact 9801178787.
In Season 5, 32-35 new ideas and running businesses will be nurtured at the business incubator. The process is continuous where they will be mentored to better their business concept. Finally, those ideas will get an opportunity to pitch their ideas in a reality television show broadcast in AP1 Television. Ideas eligible for four investment categories (Made in Nepal, Social Impact, High Flying, and Greenovation) will qualify for Rs 5,00,000* each as seed investment.
Ideas can be submitted at http://ideastudio.org.np/idea-studio-season-5/
Deadline: February 15, 2021 (Falgun 3, 2077)
You can also submit the form offline at any Prabhu Bank Branch all over Nepal.
For more information log on to: www.ideastudio.org.np/more-information/
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