Nabil Bank Opens Application for Nabil Nari Udyami Seed Camp

Nabil Nari Udhyami Seed camp is a business bootcamp dedicated to providing a platform to women co-founders with creative business ideas.

As Udhyami Innovations, together with Nabil Bank, believe in gender diversity and its potential in Nepal’s growing entrepreneurial ecosystem, Nabil Nari Udhyami Seed Camp, aims to identify some of the best idea phase startups led by women and provide them with the required resources to help them refine their business idea, grow their network, form profitable business connections, and kick-start their entrepreneurial journey.

Nabil Nari Udhyami Seed Camp Dates

Nabil Nari Udhyami Seed Camp announced its applications on May 9th, 2019. To apply you have to be an early stage startup that is led by at least one woman co-founder and your ideas should provide innovative solutions to existing needs in Nepal. 

The application deadline for the Nabil Nari Udhyami Seed Camp is 8th June 2019. To apply, you can log in to www.udhyamiseedcamp.com/apply to fill up the form. The bootcamp will start from 13th June and last until 18th June.

Out of all the applicants, the selected maximum 20 teams will go through a tried and tested entrepreneurship program in the bootcamp said Prabha Timilsina, Program Coordinator of the Udhyami Innovations.

Process and Benefits

They will be provided with full-fledged mentorship and guidance from entrepreneurs and experts, access to an entrepreneurial community, assistance in developing their business models, refining and validating their business ideas with the objective of kick-starting their ideas into businesses added Sharad K.C. Business and Partnerships Coordinator of the program.

During these 6 days, the teams will get an opportunity to learn and work closely with the pool of coaches, entrepreneurs, and industry leaders to validate their business idea. On the final day of the Bootcamp ‘Pitch Day’, the teams will pitch their business idea to the investors and other selected stakeholders to secure the seed money.

Following the bootcamp, the teams shall research and work on their business model for a month and again shall make an investment pitch ‘Demo Day’ at a larger scale.

Anil Shah, CEO of Nabil Bank stated “Udhyami Seed Camp is a platform for young innovators who will be sowing the seeds of their own business, a feat that I feel challenging even for myself – a comfortable employee”.

The camp wants to make sure that if given opportunity, women would thrive in bringing different perspectives and eventually create a lasting impact in the entrepreneurship market. 

By bringing together key stakeholders like sector experts, investors, industry supporters, entrepreneurs and innovators, the program aims to create a vibrant and collaborative platform for women entrepreneurs to enhance and empower their women-led businesses with intentions of bringing them into the economic mainstream.

Previous success

Since the inception of the camp in 2017, it has helped 48 teams and 119 individuals realize the Udhyamis inside them, enabled more than 60 senior entrepreneurs and experts to share their insights and provided investors opportunities to invest in the best entrepreneurial people and ideas.

3 teams have succeeded in securing the investments and are working to scale up their ventures while 5 other teams have received investment commitment from interested investors.