Lack of guidance major challenge for young entrepreneurs
Confederation of Nepalese Industries-Young Entrepreneur Forum (CNIYEF) is organizing Young Entrepreneurs Summit (YES) 2012 in the capital on August 16 and 17. More than 400 young entrepreneurs across the country are participating in the event. Samiksha Koirala of Republica caught up with Amit More, vice-president of the Forum and executive director of Lucky Group, to talk about the summit and the existing scenario of young entrepreneurship in the country. Excerpts:
What is the objective behind organizing Young Entrepreneurs Summit (YES) 2012?
YES-2012 is going to be a platform for young entrepreneurs from all over the country for networking, learning and sharing of knowledge. Our objective is to provide participants an opportunity to build and strengthen their network. We will also be providing guidance to newcomers so that it will enhance their knowledge. We are hopeful that the summit will work as a platform to integrate economic and political agenda for spurring entrepreneurship across the country.
What are the major highlights of the event?
First, the event is for everyone who is interested in entrepreneurship. The event targets to provide proper guidance and network which is a must to become a successful entrepreneur. Through this event we will focus on taking the spirit of entrepreneurship forward. Theme of the first day of the summit is ´Inspire´ where successful entrepreneurs will share their inspirational stories. Along with that, we are also showcasing 50 different business ideas and products. The theme for the second day will be ´Keeping it Real´. On this day, we will feature series of events to groom participants.
As a young entrepreneur, how do you evaluate the present environment for young entrepreneurs?
The major challenge for young entrepreneurs is the lack of networking and guidance. No wonder a large number of youths are going abroad to work or are interested in service sector. At present there are two kinds of entrepreneurs, those who are exceptionally smart and those whose family already owns an established business house. Those who have financial back up lack ideas and those with innovative ideas do not have enough capital to set up the business. The event like YES will bring all the youth together and will show them the way forward.
What are your expectations from the event?
We want everyone, including students, to participate in the event. We are hopeful that the event will provide stronger link amongst young entrepreneurs. Along with that it will also help aspiring entrepreneurs with necessary knowledge and idea to start a new venture. Eventually, we expect some changes in policy level as well.
Beside this summit, what is the Forum doing to encourage young entrepreneurs?
CNIYEF is a forum of bright and talented young entrepreneurs and we are always dedicated in bringing innovative ideas and providing the necessary platform for young business minds. We are soon starting mentoring program for aspiring entrepreneurs. The Forum has already joined hands with top business houses for this program. We have started funding some of the projects already and would like to continue doing that in larger scale.