Building a New Generation of Entrepreneurs in Nepal

 

Arthālaya (School of Economics and Entrepreneurship) is a five-day workshop promoting the spirit and skill of entrepreneurship that introduces youth to  conomic freedom and Nepal’s economic policies. The main purpose of this program is to help young people explore alternative ideas for Nepal’s existing problems, understand the value of entrepreneurship, and develop the know how to build new businesses and inject new ideas into the economy for promoting economic opportunities and economic reform.

Samriddhi, The Prosperity Foundation initiated Arthālaya in January 2009. With the support of the Center for International Private Enterprise (CIPE) and other sources, through the summer of 2011, Samriddhi has conducted 13 Arthālaya programs, successfully graduating a total of 312 students. These students, selected through a rigorous process, are usually undergraduate and graduate students from various faculties of colleges and universities in Nepal. Graduates have already started 24 Entrepreneurs’ Clubs in their respective colleges to share the knowledge they received through Arthālaya and to educate and discuss entrepreneurship and economic issues with their fellow students.

Out of 312 Arthālaya graduates, nearly 20 have started their own enterprises or further grown existing businesses. The following stories describe their entrepreneurial journeys, identify challenges faced, and offer insight into the value of the Arthālaya program in the real world of business.

 

Publication Type: 

CIPE

Center for International Private Enterprise
1211 Connecticut Avenue, NW, Suite 700
Washington, DC 20036
Tel: 202-721-9200    Fax: 202-721-9250
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