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NYEF Startup Awards

NYEF KTM Startup Awards is a premier competition and bootcamp for enthusiastic and driven entrepreneurs who aim to nurture their startup into a scalable business. The event is targeted towards startups who have been in the market for less than five years. The objective of the event is to develop a business ecosystem in Nepal through exposure, mentorship and investment in these startups. The event will include an intense mentorship programme where the participating businesses will present their ideas in front of a panel of judges.

In order to take part in the event, the following criteria should be met. The entity should be officially recognised and registered by the Government of Nepal. Applicants must submit a copy of Company Registration, PAN and VAT (if applicable). Meanwhile, any entity registered outside Nepal or has a parent/sister concern outside Nepal will not be eligible. The entity should have been in operation within five years (not more than) from the date of registration and 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. Applicant should be able to commit time as required for the participation. An entity owned by any NYEF member shall not be eligible.

According to NYEF, the aim and focus is to uplift and enhance the presence of startups and entrepreneurship in Nepal in line with the government’s agenda. GoN has allocated Rs one billion for startups and innovation and a sum of Rs 25 lakhs as a project based loan for startup projects without collateral to promote youth entrepreneurship in the country.

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