The South Asia Connect (SAC) program will choose eight entrepreneurs from Nepal to get online and in-person training, mentoring and networking.
Why it matters:
- SAC aims to support implementable startup concepts South Asia by choosing a total of 40 entrepreneurs from five countries to take part in the program.
- Andie De Arment, spokesperson for the American Embassy in Nepal, said that the program will aid to increase entrepreneurship outreach and culture of innovation.
- SAC plans to select eight entrepreneurs each from five countries of South Asia: Nepal, India, Bhutan, Bangladesh and Sri Lanka making it a total of 40.
- The eight entrepreneurs from each country will receive a week’s training at Nexus Startup Hub at the American Centre in New Delhi to be held in April.
- The first 20 entrepreneurs will receive training from May through July, while the second group of the remaining 20 entrepreneurs will receive training from September through November.
- After the training, the entrepreneurs can also attend a one-week session at the American Centre in New Delhi with travel funding support.
- Out of the 40 entrepreneurs, ten (two from each country) will be chosen as entrepreneurial leaders for an eight-week immersive training and intensive mentorship. They will receive three one-week visits with travel funding at the Nexus Startup Hub at the American Centre in New Delhi for networking and resources planning.
- Upon completion of the training, the leaders will receive certificates from the IC2 Institute and funding to implement their startup concepts.