Bhutan National Start-Up Weekend Begins

The MoIC Minister DN Dhungyel said that there is a need to change the expectations of youth who thinks that the government is the main source of employment.

Bhutan National Start-Up Weekend Begins. (Source: https://www.facebook.com/SWBhutan/photos)

 

The first Bhutan National Start-up weekend (technology edition) began yesterday in Thimphu with a boot camp for 157 participants selected from seven colleges and aspiring entrepreneurs. The Ministry of Information and Communications (MoIC), together with the support from BITC and Techstars are organising the start-up weekend.

The initial round of selection for the participants and their ideas was conducted in seven colleges and in the Bhutan Innovation and Technology Centre (BITC), the Thimphu TechPark.

Ideas selected from college students and entrepreneurs

Twenty ideas were selected from each college between February and March this year while twenty-four ideas were selected from among youth and aspiring entrepreneurs.

The colleges include Jigme Namgyel Engineering College, Sherubtse College, the Gaeddu College of Business Studies, College of Language and Culture Studies, College of Science and Technology, College of Natural Resources, and the Royal Thimphu College.

The participants would be given a minute to pitch their business ideas. Only about 20 to 21 ideas will be selected for the next round. Thereafter, the chosen teams will work on developing prototypes and business models including market research.

On March 18, the final presentations will be done on the ideas. The top five ideas will be awarded cash prizes.

Cash prizes for the selected winners

The winner will be awarded a cash prize of Nu 800,000 from the Ministry of Information and Communications (MoIC). The second will be awarded Nu 600,000 from Druk Holding and Investments (DHI). The third will get Nu 400,000 from the Ministry of Labour and Human Resources. The fourth best business idea will be given Nu 200,000 from DHI and the fifth will get Nu 100,000 from the Bank of Bhutan.

The winner of the special category will be awarded an amount of Nu 140,000 sponsored by Tashi Group of Companies.

The MoIC Secretary, Dasho Karma W Penjor, said: “The startup weekend is not a full stop. It is just a comma. If you want, from the government’s side we have the necessary conditions to facilitate your journey to the market.”

Bhutanese Youth encouraged to become entrepreneurs

The MoIC Minister DN Dhungyel said that there is a need to change the expectations of youth who thinks that the government is the main source of employment.

“Every youth must aspire to become an entrepreneur by himself or herself. This is how start-ups can benefit the country’s economy.”

 

 

By Karma Cheki (This article has been edited for the New Bhutan Times)

This article first appeared in Kuensel.

 

 


Related Posts

Techstars Startup Weekend Bhutan (Eco-Tourism): 54 Hours where...

The eventful weekend saw 130 keen people in attendance, of which 56 pitched ideas. This was the fifth time that such an...

Nov 29, 2017 08:46

Thimphu TechPark aims to attract foreign investment

The main mission of the company is to attract reputed IT/ITES companies from both within Bhutan and around the world to...

Oct 01, 2017 17:37

Thimphu Tech Park Expansion Begins

Thimphu TechPark begins work to expand its infrastructure with the ground breaking ceremony (Salang Tendrel) for a new...

Dec 22, 2017 14:51

Starting a Business at the Global Entrepreneurship Week

An industry can be classified as a manufacturing, construction or service industry. The Regional Trade and Industry...

Nov 19, 2017 10:43

Startup Weekend Begins in Phuentsholing

The Startup Weekend is organised in collaboration with Thimphu Techpark, Techstars, Department of IT and Telecom (DITT)...

Oct 29, 2017 12:00

Gross National Happiness of Business Assessment Tool Proposed

The proposed GNH tool is expected to systematically assess a business establishment’s effort to integrate GNH values...

Nov 08, 2017 13:48

Latest

News

Ashi Tashi Chodzom Dorji Becomes First Bhutanese To Be Honoured With Order Of Australia Award

She was instrumental in strengthening the relations between Bhutan and Australia.

Jul 12, 2018 11:38

Bhutan Marked International Day Against Drug Abuse And Illicit Trafficking With The Theme ‘Listen First’

This year, the United Nations celebrated the International Day against Drug Abuse and Illicit Trafficking with the theme ‘Listen First.’

Jul 11, 2018 15:58

Features

11th Golden Youth Award Camp Aims To Inspire Bhutanese Youth To Excel Holistically

The camp’s theme ‘Celebrating Unity for Excellence’, is a pledge by the youth to be advocators and agents of peace, harmony and...

Jul 12, 2018 16:14

Asian Development Bank: Bhutan Among Fastest Growing Economies In Asia

In 2018, Bhutan’s GDP is projected to grow by 7.1 percent, the second highest growth after India (7.3 percent).

Jul 10, 2018 18:48

Sports

Future Of Bhutan’s Women Football Depends On The Development Of Local Coaches

The football coach of the national women’s team, Sung Jea Lee said that there is a need to train local coaches.

Jul 08, 2018 18:16

Bhutan’s Two Young Representatives Shared Their Unforgettable Experiences At The 2018 FIFA World Cup in Russia

Bhutan was represented by two students, Rigzin Tenzin, 12, from Gelephu and Kinley Deki Yangzom, 12, from Lobesa Lower Secondary School,...

Jun 30, 2018 14:06

Business

Royal Bhutan Helicopter Services Has Generated Profits And Served More Than 500 Tourists And Locals Since 2016

The RBHS was launched with the primary objective of providing services during medical emergencies and natural disasters and also for tourism...

Jul 14, 2018 14:23

White Button Mushroom Trial Cultivation A Success In Chukha, Bhutan

In April this year, four areas were identified in Darla (Tala), Chasilakha and Tsimalakha for the trial programme.

Jul 09, 2018 18:27

Travel

Heading To Haa, Bhutan For The Summer Festival? Here Are Some Culinary Delights You Must Not Miss!

Savour the most delectable cuisine from the province of Haa in Bhutan.

Jul 13, 2018 14:54

Rare Masked Dances - One Of The Unique Features Of The Kholong Tshechu (Brawl Festival) In Bhutan

“Other dances like the Pha-dong chham, Sangling Ngachham, and Terchham among others are not performed in any part of the country,” said...

Jul 03, 2018 14:44

Lifestyle

Bhutan Film Festival Held In Sikkim To Commemorate 50 Years Of Bhutan-India Friendship Ended With Colourful Traditional Dances

Bhutanese celebrities and Sikkim’s local artists performed various traditional and cultural performances at the festival.

Jul 15, 2018 14:32

Outdoor Gym A Hit With Residents Of Trashigang In Bhutan

The residents of Trashigang are becoming increasingly health conscious and the outdoor gym facility has been used to its fullest capacity by...

Jul 07, 2018 15:48

Subscribe to our newsletter

Never miss out on new happenings and news stories!