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‘Technology can Overcome Barriers in Traditional Businesses’

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‘Technology can Overcome Barriers in Traditional Businesses’
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March 25: Stakeholders discussed the challenges faced by startups during their early stages and funding of startups from venture capital (VC’s) perspective during the 3rd edition of International Entrepreneurship Conclave – Connect [IN] organized by the Indian embassy in Kathmandu on March 23 in collaboration with Clockb Business Innovations.

Another important topic that featured during the panel discussion was how technology can help overcome barriers in traditional businesses.

Participants from India during the panel discussion were Yatra Angel Network, a VC firm focusing on funding of fintech ventures, and Credenc, a startup using technology and data analytics for better decision making on disbursal of educational loans, according to the Indian Embassy.

The day-long conclave saw participation of about twenty-five entrepreneurs, including five from India, working in domains as diverse as e-commerce, life sciences, fintech, education technology, social entrepreneurship, food tech, and financial services.

A statement issued by the embassy says well-known startups from Nepal such as Tootle, Hatti Hatti, Pick and Drop, Pad2Go and SweetFix, and VCs such as Dolma Impact Fund and Business Oxygen also participated in the panel discussion. The event also featured speakers from Standard Chartered Bank and King’s College Kathmandu.

The day-long conclave was organized as a part of the year-long celebrations to mark 75 years of India’s independence, the statement added.

According to the embassy, Connect [IN] is an initiative to brings together innovators, dignitaries and thought leaders from India and Nepal to celebrate the spirit of innovation and entrepreneurship in the two countries.

The organizers believe that the conclave provided a platform for young entrepreneurs, investors, venture capitalists and experts from India and Nepal to learn from and connect with each other on a range of domains.

This is the third edition of the conclave following the success of the first two editions. The third edition of Connect [IN] was jointly inaugurated by Minister for Communication and Information Technology Gyanendra Bahadur Karki and Indian Ambassador to Nepal Vinay Mohan Kwatra.

The key partners of the event were GMR, Tata Motors, Tata Meditech and Tootle.

 

 

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