Kathmandu, June 23, 2017: AgroShelter, one of the projects run by Rural Development Initiative has bagged first prize in Social Business Challenge – 2017. Kuldeep Bandhu Aryal, Co-Founder of AgroShelter received the award with the purse of Rs 100,000 amid a ceremony jointly hosted by Yunus Social Business Center Nepal and King’s College in Kathmandu on Friday.
Agro Shelter is a collective community-driven processing and storage facility, which tries to increase the livelihood of small-scale farmers by ensuring that most products remain unspoiled. It includes building an agricultural facility where farmers can have access to improved drying, hermetic packaging, and regulated storage space.
Of the total, 10 teams that made to the final round, AgroShelter succeeded to claim the award for its innovative agricultural practices, according to the judges. Rest of the nine firms making to the final competition includes Hamro Doctor, AgroMart, AI Paani, AgroTech, FARM, Swastha Manch, Avocados and More, Spring Sanitary Napkins and Rasbin Enterprises Ltd.
The competition aimed at developing the basic insights of establishing a social enterprise in Nepal, and saw the participation of 50 contesting teams including startups, innovators and entrepreneurs from Kathmandu and four major cities outside the Kathmandu Valley – Biratnagar, Janakpur, Chitwan, and Birgunj.
Earlier in the beginning of the year, King’s College and the Yunus Center had held workshops on Social Business in all the five places to give insights on social entrepreneurship and to call for the application for the competition.
The first of its kind, Social Business Challenge is going to be an annual event to sing the glory and acknowledge the innovative social business ideas, said the organizers in a press statement.