Indian Embassy Organizes International Entrepreneurs’ Conclave

March 25: The Embassy of India in Nepal in collaboration with Clock b Business Innovation organised the international entrepreneurs’ conclave – ConnectIN on Saturday, March 24. The event was aimed at serving as an ideal platform for connecting the young entrepreneurial minds of India and Nepal.

According to the organizers, the event is first-of-its-kind platform created for the entrepreneurs of both countries to come together and exchange innovative ideas. During the event, seven CEOs, and investors from India and eight from Nepal addressed more than 300 audiences.

Speaking at the inaugural ceremony, Finance Minister Yuba Raj Khatiwada said that the government is ready to work with startups to make them more innovative and effective.

“The government is also working to build a better startup ecosystem in the country,” added the chief guest.

The speakers from India were Ritesh Agarwal, founder and CEO of OYO Rooms; Ashutosh Tyagi, executive vice president of Tata Capital Private Equity; Navin Surya, chairman of Payments Council of India (PCI); Ritu Marya, editor-in-chief at Entrepreneur Media; Kaushik Mukherjee, co-founder and MD of FAB BAG;  Avelo Roy, MD of Kolkata Ventures and  Yatin K Thakur, co-founder of StartUp India & Coworkin.

From Nepal, the speakers were Siddhant Raj Pandey, chairman and CEO of Business Oxygen; Narottam Aryal, executive director of King’s College;  Sushil Pokharel, CEO of Sushmit Group;  Biswas Dhakal, president of F1Soft, FinTech;  Subash Ghimire, editor of Republica; Semanta Dahal, advocate of Abhinawa Law Chambers;  Sixit Bhatta, co-founder and CEO of Tootle, and  Amit Agrawal, CEO of Janaki Technology.

Five startup firms also pitched their business ideas in front of the investors during the event. The firms to pith business idea were Metro Tarkari, Furniture Hub, Kullabs, My Earth Eco Bags and FohorbataMohor.  The five startups were shortlisted out of more than 100 applications received for pitching proposals.

“The journey to finding potential startups for the team was not just about getting the right companies but it was more about spreading entrepreneurial vibes among youngsters,” said Binay Devkota, CEO of Clock B Business Innovations.

The experts speaking at the program said that Nepal has immense opportunities for the startups to grow, but the lack of intellectual property rights is a major setback for the startup community to grow in the market.