Udhyami Nepali

27/06/2022

Foreign Investment in IT sector in Nepal nosedives!

Foreign investors don’t seem too keen to invest money in the information and technology sector.

According to the Department of Industry, Foreign direct investment (FDI) pledges in the IT sector plunged 409 percent year-on-year in the first 11 months of the current fiscal year ended mid-June.

Nepal received six small-scale FDI commitments in the information and technology sector worth Rs.81.75 million in the review period, compared to last year when FDI commitments in this sector totaled Rs.3 billion for 16 projects.

Source: Nepal Invests

So what is the reason behind such a decline? The high minimum threshold for foreign investment? or something else?

And here are some of the incentives announced by the Nepal Government! Will these be enough?

27/06/2022

June 27 is marked as the World MSME Day!

The United Nations General Assembly in 2017 designated 27 June as “Micro-, Small, and Medium-sized Enterprises Day” (A/RES/71/279) to raise awareness of the tremendous contributions of micro-, small and medium-sized enterprises (MSMEs) to the achievement of the United Nations Sustainable Development Goals (SDGs).

Do you know what MSME means?

MSME is the acronym for Micro, Small, and Medium-sized Enterprises!

So what are micro, small and medium sized enterprises?

As per definition, micro enterprises are the ones that employ fewer than 10 people!

Small enterprises employ 10 or more employees but fewer than 50!

Meanwhile, medium sized enterprises are the ones which employ fewer than 250 employees.

So, what is the type of the enterprise you work at? Please comment below!

MSMEs account for 90% of businesses, 60 to 70% of employment and 50% of GDP worldwide. As the backbone of societies everywhere they contribute to local and national economies and to sustaining livelihoods, in particular among the working poor, women, youth, and groups in vulnerable situations.

In Nepal, MSMEs contribute 22% of the GDP and is reported to employ around 3 million people!

And the theme for the World MSME Day 2022 is "Resilience and Rebuilding: MSMEs for Sustainable Development"! MSMEs have been severely impacted by the COVID 19 pandemic and the subsequent lockdowns and restrictions on the movement!

So much that several had to completely shut down and many had to lay off their team members.

07/12/2021

We can't keep calm!

Because Ruby Shah is the 2021 Zonta International JMK Women in Business Scholar.

Zonta International annually awards up to 32 scholarships of US$2,000 each at the district/region level and six international scholarships in the amount of US$8,000 each and Ruby has been awarded both. That makes Ruby one of only six women worldwide to receive the international scholarship.

Proud moment not only for our team at Udhyami Nepali but also for entire Nepal. Very well deserved Ruby!!

Many many and wish you more success!

09/11/2021

Quit your job to be a founder or CEO of your own company?

These 4 suggestions from Twitch co-founder Justin Kan will certainly be helpful!

16/01/2021

Are you a young changemaker in the Asia-Pacific region with an exciting business proposal or an innovative idea to improve the lives of migrants, displaced people and their host communities among the urban poor? Then apply to the Youth Innovation for Human Mobility initiative as we can support you in developing your ideas into viable social enterprises!

👉 https://bit.ly/youth4humanmobility

- Get together in a team of 2 or more people (all between the ages of 18 and 30 years)

- Involve at least 1 person from the target community in your team

- Develop an initial project idea/proposal

- Document through pictures/videos what social or economic challenges you are trying to tackle and how you plan to go about it

- Fill in the form and submit on or before 10 February 2021

💪Winners of this challenge will:

- Receive up to US$ 1,000 to springboard your innovation

- Join the Youth Co:Lab Springboard Programme (an incubation platform for young SDG entrepreneurs to turn innovative SDG solutions into sustainable businesses)

- Take part in the Youth Co:Lab Summit (a flagship event that brings together the brightest young entrepreneurs in the Asia-Pacific region, connecting them with a support network to help them succeed)

- Be featured in a multimedia campaign for broad exposure, including videos, blogs and posters.

10/01/2021

Any queries about 'Udhyami Nepali Business- 2021'? Worry not, we've got you covered! Check out the new information session with our advisor- Mr Kailash Panday.

05/01/2021

Yes, you heard it right 😁 We have extended the deadline until 25th January 2020! So hurry up, apply now! And don't forget to drop us a line if you have any questions regarding the case study 👇👇👇

For more details: https://udhyaminepali.com/call-for-business-proposal...
For the case study: https://drive.google.com/file/d/1ohf8rXEAdV9ZD7_xrfyzRFMr0WxtmHVY/view

04/01/2021

Opps 🤭 Share us your such funny/crazy/weird/'yesto-ni-hunxa' moment about starting your own business in the comment section down below 👇 Let the giggles begin😁😁

01/01/2021

Let's begin 2021 with something impactful 🙂 Apply for Udhyami Nepali Business Challenge 2021 now!

For more details: https://udhyaminepali.com/call-for-business-proposal...
For the case study: https://drive.google.com/file/d/1ohf8rXEAdV9ZD7_xrfyzRFMr0WxtmHVY/view



2020 has been the year of absolute uncertainty for the global economy which is paralysed because of the recent crisis. The entire entrepreneur ecosystem is in need of transformational ideas and disruptive innovations to gain sustainable recovery. Hence, in order to foster such a problem-solving spir...