Startup Award Application Open for All. NYEF Kathmandu Startup Award Application Open Youth Entrepreneurship Startup Apply Now. Yuva Youth Entrepreneurs Forum Kathmandu Chapter is organizing ‘Startup Award’, the best will get 4 lakhs. Nepali Yuva Youth Entrepreneurs Forum Kathmandu Chapter is going to organize startup awards. The organization aims to encourage young people to enter the business sector by awarding the best startup idea.
The product or service provided or intended to be provided by the startup should be ready. The startup should submit its latest audited financial statement (audit report). In the absence of audited financial statements, provisional financial statements must be submitted. After submitting all these necessary documents, only the companies that will be present at the time specified by the event organizer will be eligible for the award. Companies operated by entrepreneurs who have subscribed to the forum will not be allowed to participate.
First and second and People’s Choice awards will be given in the competition. The best in the award will receive cash gifts of Rs 4 lakh, Rs 2 lakh and Rs 1 lakh respectively. The registration form has been opened since 10th of Bhadra.
What is NYEF Startup Award?
NYEF Startup Awards, organizined by NYEF Kathmandu Chapter is a premier competition and bootcamp for enthusiastic and driven entrepreneurs like you because we believe that you want to nurture your startup into a scalable business. If your startup has been in the market for less than 4 years, this is just the right platform.
- First Prize of NYEF Startup Award: 4 Lakhs
- Second Prize of NYEF Startup Award: 2 Lakhs
- Third Prize of NYEF Startup Award: 1 Lakhs
Our objective is to develop a business ecosystem in Nepal through the means of exposure, mentorship and investment. We will equip you with an intense mentorship program and then provide you a platform to pitch your business in front of a panel of judges.
NYEF brings together young entrepreneurs within the country. It promotes entrepreneurial mindset and a shared vision through an effective and much needed.
Our objective is to develop a business ecosystem in Nepal through the means of exposure, mentorship, and investment. We will equip you with knowledge from experts, provide 1:1, intense mentorship program, and then provide you a platform to pitch your business in front of a panel of judges and investors. REGISTER NOW to win the NYEF Startup Awards 2.0 and get an opportunity to learn from business leaders, win cash prizes and networking opportunities, and become a part of the largest business ecosystem.
The top three awardees will be given prizes of Rs.400,000, Rs.200,000 and Rs 100,000 respectively.
How to Apply NYEF Kathmandu Startup Awards Application
- Registration Open
After the registration is open on 10 Am of 12th August, founders can nominate their startup for the competition, or any individual can nominate a startup for the competition.
- Registration Closes
Registration Closes on 12 midnight of 24th September, nominations submitted after the registration is closed will not be considered valid for the competition.
On 10th October, a virtual orientation program will be held where the NYEF Startup Awards Team will walk the participants through what the program will look like and all the details they require during the program.
- Detailed Form
After the orientation program, only the individuals attending the orientation will receive a form where they have to fill up the details and submit before 12 midnight of 15 October; startups that fail to do so will be disqualified.
- Shortlisting of Final 15
Between 16 October and 19 October, the NYEF Startup Award Admission and Selection Team will go through all the applications, filter them and shortlist the final 15 startups. The final 15 will be notified on 20th October.
- Expert Sessions
On 2nd November and 3rd November, the first expert sessions will be held onsite for the startups, where experts of the different fields will do a live session along with Q&A followed by interaction and networking.
- Top 15 Competition
On 6th November 2022, startups will come together to pitch their startups, where only top 15 will be selected to proceed forward in the competition.
- 1-on-1 Mentorship (1st Session)
7th November 2022 and 8th November 2022, startups will meet their designated mentors. Participants get an opportunity to meet and learn from renowned mentors who have already started their own startups or who know the startup ecosystem.
- Rehearsals and pitching practice
On 9th November, the Top 15 startups will come together for rehearsal and demo pitch before the final demo day.
- Demo Day
On 11th November, all the finalists will come together to pitch before a large audience consisting of startup enthusiasts, founders, mentors, experts, and Judes from different fields. The winners will be announced on the same date.
Eligibility Criteria of NYEF Kathmandu Startup Award
- Your startup should be officially recognized and registered by the government of Nepal.
- Your startup should have been in operation within 4 years (not more than) from the date of registration.
- Your startup should have a product or service in place.
- You must submit latest audited financial statements if you proceed to the next round.
- Startup owned by any NYEF member shall not be eligible.
Code Of Conduct for NYEF Kathmandu Startup Award
- The application form is to be filled in English only.
- Any false information provided will result in the immediate elimination.
- Signing a non-disclosure agreement (NDA) is a must
- Allowances shall not be paid for travel or stay.
- Participants should be in formals during the pitch.
- The startup founders should be able to commit their time as required for the participation.
- If you are a startup founder or if you know any startup you want to recommend, please fill up the form povided below. Click Below Apply Button.
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