Biruwa’s mission has always
been to promote entrepreneurship in Nepal. We know Nepal lacks an entrepreneurial ecosystem. Parents do not encourage their children to become entrepreneurs and
teachers guide students to a safer career options. Clearly, our culture avoids risk taking even in business, an entrepreneur is perceived negatively and profit making is often considered unethical.
Even when an entrepreneur rises above all these limitations, they face the challenge of securing funding to launch their venture. Banks do not provide
loans to those who do not already have property to put as collateral. Other sources of funding are few. Biruwa Ventures Pvt. Ltd. in collaboration with other partners is launching Udhyami Seed Fund Challenge 2012 to provide seed funding and other necessary business support services to help transform the idea into a real business.
Udhyami Seed Fund Challenge 2012 will have the following format:
Around 10 teams will be selected through an interview process, where we will judge whether the team or entrepreneur is capable to run a business.