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Idea Studio Nepal

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Idea Studio is a platform to turn promising ideas into solutions and ultimately ignite social change by enabling youth potentials in favor of entrepreneurship through innovation.
The realization to find new solutions to the current challenges facing societies led to social innovation to take a central stage supported by decision-makers at the highest levels worldwide. This is coupled with the wave of technological advancements and the enormous expansion of the possibilities frontier brought about the new technologies. Governments nowadays are prepared more than ever to collaborate with the private sector and civil societies on new ideas in search of guidance and inspiration on how to scale cost-effective solutions to social problems. At the centre of the emergence of social innovation movements worldwide are the young and motivated new generation. They are technological savvy, ambitious, creative, and willing to take risks. New initiatives were launched all over with one keyword in common— innovation.

Process

The process starts with calling for innovative ideas across the country, which is shortlisted and mentored by renowned business leaders at the business incubator at KUSoM-Idea Studio.

The ideas are selected based on the following criteria:

  • Impact of the idea
  • Creativity of the idea
  • Venture readiness
  • Feasibility plan of launch, investment, and sustainability of the venture
  • Risk of launching calculated and aware business
  • Entrepreneur Readiness
  • Is the entrepreneur passionate and serious about implementation and has the skills and knowledge?
  • Any prior experience

The best ideas nurtured at the business incubator is showcased on primetime national television in the form of a reality show, where business leaders, investors and organizations interested in the ideas, partner and invest with innovators to put sustainable solutions in place. The top three innovative ideas receive a seed investment of USD 5,000 – 10,000 each to start, launch, and implement their ideas into a real solution and business.

Eligibility

All Nepalese with an innovative idea to solve a social problem is eligible to participate.

Aspiring entrepreneurs from different walks of life are reached out through nationwide media campaign. They are encouraged to submit their innovative ideas during this stage. Idea Studio focuses on promoting economically, socially, and environmentally sustainable innovative ideas that address and solve problems in Nepali society.

Deadline: September 5, 2019

To submit your ideas, fill the online application. The link is
http://ideastudio.org.np/submit-idea/

For further more details, the link is
http://ideastudio.org.np/about-us/#about-idea-studio