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Chaudhary Group and Nimbus Group to Incubate Startups

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Chaudhary Group and Nimbus Group to Incubate Startups
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February 5: Entrepreneur Nirvana Chaudhary, Managing Director of Chaudhary Group (CG Corp) and Anand Bagaria, Managing Director of Nimbus Group have declared their personal and corporate commitment to help incubate startups in Nepal.

They were speaking at a programme entitled 'Finance Your Dream' organised here on February 3 by the Himalayan Climate Initiative (HCI), a non-profit organisation that runs social innovation and business incubation hubs in Nepalgunj and Kathmandu.

At the programme, Nirvana Chaudhary shared his thoughts on young entrepreneur's challenges in access of finance. Along with that, he also shared about CG's commitment to support young startups with information technology bent.

"Being an entrepreneur, we feel more responsible towards improving the entrepreneurial eco-system, so, we are making a large chunk of money available for such young entrepreneurs," he said.

Likewise, Anand Bagaria spoke about the importance of incubation hubs which create an environment where entrepreneurship ideas are brought into the business world.

"The core idea for a business startup can come both ways. We generally think it comes from the entrepreneur and then get supported by investors. However, many a times, it also comes from investors and picked up by the young entrepreneurial talents," he added.

Prashant Singh, Founder of HCI, while opening the event said, "The biggest social imperative of the day in Nepal is to create a large number of employment opportunities for the country's youth that are leaving us for abroad. It is possible only through creating an enabling atmosphere for setting up businesses that create most employments."

The programme was participated in by around 400 young entrepreneurs. The organizers of the programme shared that the event expected to attract many entrepreneurial ideas that would be further shaped at HCI incubation hubs. 

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