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Oulu University partners with four Nepali institutions to initiate and support Business lncubation in Nepal


Kathmandu, August 18, 2017: Oulu University of Applied Sciences, Finland, on Thursday announced the launch of a new project, ‘Building University Capacity to Support Business Incubation in Nepal’ (BUCSBIN). The goal of the project is to build capacity of higher educational institutions in Nepal to better facilitate job creation by incubating student-led ventures.

The project will help promotion of employment, livelihoods and wellbeing in Nepal.

Two academic institutes—King’s College and KUSOM- along with two industry partners, Young Innovations Pvt. Ltd. (YIPL) and Idea Studio Nepal, will jointly work together to implement this three years long project that will end in the mid of 2020.

A memorandum of understanding towards this effect was signed on Thursday amidst a ceremony in Kathmandu. This was done in combination with Slush 2017 Global Impact Accelerator pitching competition where 15 start-ups from various sectors pitched their venture to compete for their entry for the Slush 2017 Global Impact Accelerator, which will be held in Helsinki, Finland in November/December, 2017. Three winning start-ups – Doko Recyclers Pvt. Ltd, Muskan Brining Back Smiles Pvt. Ltd and Tootle—are nominated for Slush 2017 Global Impact Accelerator.

Oulu University says that the project is being introduced and launched in Nepal in response to the increasing involvement of universities in promoting and strengthening the inter-disciplinary teaching methods and practices and applied activities of business incubation.

The objective of this project is to increase university capacity in Nepal for developing entrepreneurship education and business incubation programming.