CNI’s Nepal’s Startup Fest slated for December 23

The Young Entrepreneurs Forum, an arm of the Confederation of Nepalese Industries (CNI), is organising the second edition of Nepal’s Startup Fest on December 23 in Kathmandu.

The event aims to promote startups by attracting investments with innovative ideas and promoting the ‘Make in Nepal’ campaign, the organiser said on Friday. More than 250 startups have submitted proposals. Among them, 10 to 12 startups will be shortlisted and will get potential investors, following their presentations, to launch their projects, according to the organiser. Tele Venture, NIMB Ace Capital, Reliable Venture, Lotus Holdings, Alfa Plus Ventures, Himalayan Capital, Team Ventures, Global Equity Fund, Aadhyanta Fund Management and Neoteric Nepal have committed capital investments in the startup fest. The fest is being organised in coordination with the Ministry of Industry, Commerce and Supplies and the National Planning Commission. The first edition of Startup Fest was held in 2022. It drew Rs240.50 million in investments.