Kathmandu, March 4, 2017: Tatva Inc., a newly started business venture has won the ‘Startup Debate Competition 2017’ organized by Kingâ€™s College on March 3-4. With this win, the company has received a cash prize of five thousand rupees.
With emerging startups in Nepal flourishing entrepreneurship, Kingâ€™s College in coordination with Glocal Pvt. Ltd. had hosted the competition in the town aiming to connect the startup companies in Kathmandu with a friendly debate championship.
Eight startup companies altogether, viz. Helmets Nepal, Latido Leathers, Metro Tarkari, Tatva Inc, Green Bamboo Creation, Bittersweet, Jazz Productions, and Help Solutions had participated in the competition, organized for the first time in Nepal.
As part of the competition, the participants on the first day, Friday got debate orientation to compete against the other participating teams on the second day, Saturday. The competition was held on the format of British Parliamentary League.
In the Knockout round of the competition, the participants had to present their ideas on the motion: â€œThis house regrets the glamorization of start-up culture that encourages people to start own companies rather than pursue traditional career paths.â€
Similarly, in the final round, the participants had an engaging debating session on the motion: â€œRather than beginning with a massive capital, this house believes that startups should begin with little or zero funds.â€ In the session, the young startup founders shared their ideas whether if it is possible to start a business without any money. Giving the real world example, a team shared how the 4 co-founders started the venture with an investment of just 5,000 rupees each, and have taken it to a business worth more than one crore. Whereas an opponent team shared how itâ€™s pretty challenging to start a company with zero funds, as good amount of money is necessary at least for making a product, and marketing it to the clients.
After winning the competition, elated Bipin Rimal of Tatva Inc shared, â€œThis event provided us with the platform to share our idea, and know other startup foundersâ€™ perspectives on starting up in Nepal. Also, we got to network with the fellow entrepreneurs, and take our brand to the wider mass of people.â€ He also added that they will be utilizing the strategies that they brainstormed on the process of debating to grow and groom the company.
Furthermore, the proceeds from the programme, i.e. the team registration fees (7500 rupees in total) has been handed over to the organization â€˜Make Me Seeâ€™, to facilitate the cataract surgery for needy patients.