NYEF Kathmandu Chapter calls applications for NYEF Startup Awards

NL Today

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Kathmandu: Nepalese Young Entrepreneurs Forum (NYEF) has called applications for NYEF KTM Startup Awards.

It is a premier competition and boot camp for enthusiastic and driven entrepreneurs who aim to nurture their startups into a scalable business, NYEF Kathmandu Chapter said in a statement.

The event is targeted towards startups who have been in the market for less than 5 years.

 The objective of the event is to develop a business ecosystem in Nepal through the means of exposure, mentorship and investment to these startups. The event will include an intense mentorship program where the participating businesses will present their ideas in front of a panel of judges, reads the statement.

In order to take part in the event, the entity should be officially recognized and registered by the government of Nepal. They should submit a copy of Company Registration, PAN and VAT (if applicable). Note: Any entities registered outside Nepal or has a parent/sister concern outside Nepal will not be eligible.

The entity should have been in operation- within 5 years (not more than) from the date of registration. The entity should have a product or service in place. The entity must submit the latest Audited Financial Statements. In case of unavailability of audited financial statements, an entity may submit a provisional financial statement. The entity should be able to commit their time as required for participation. An entity owned by any NYEF member shall not be eligible. The winner prizes for 1st place is Rs. 150,000, 2nd place is Rs. 75,000 and Rs. 50,000 for the people’s choice award.