Nepalese Young Entrepreneurs

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Nepalese Young Entrepreneurs Forum (NYEF)

• P.0. Box 269Panchali Shahid Shukra FNCCIMilan
  Marg, Teku, Kathmandu, NepalTel
  4262061,4266889,4262218Fax [phone],
  4261022E-mail nyef_at_fncci.orgURL
  www.nyef.org.np

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The Organization

• A membership based non profit organization
• Established on September 26, 2003
• Promoted by the Federation of Nepalese Chambers
  of Commerce and Industry(FNCCI)
• Aim of creating outstanding entrepreneurs through
  fellowships, idea exchange, trainings and
  advocacy among the Nepali Youth

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Our Vision

• Empowering Positive Business Thinking

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Objectives

• Help young entrepreneurs in Nepal build fruitful
  and productive business networks and links among
  one another.
• Facilitate exchange of experience in the
  different ways of building business and
  investment relations among young entrepreneurs.
• Educate entrepreneurs about technology and build
  an innovative spirit among them.
• Identify and execute strategies and actions to
  promote the emergence of socially responsible
  entrepreneurs.
• Provide advisory services in the formulation and
  execution of business/industrial, and youth
  related policies, acts and programmes.

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Membership

• NYEF is open to all Nepalese between the ages of
  18 to 35 with a clear interest in the
  entrepreneurial development and growth in the
  nation

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Organizational Structure

• Executive Committee Members
• ?
• Co Founders
• ?
• General Members

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Activities

• Organize capacity building programs, trainings,
  seminars, interaction programs, conferences for
  the members
• Arrange business trips, project tours,
  internships and other practical experience
  gaining programs for members
• Formulation of National Youth Policy

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Projects
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Nepal Youth Business Initiative

• Modeled after the Prince of Wales Youth Business
  International (YBI) in UK
• Mission is to be a National leader in helping
  disadvantaged young people become entrepreneurs.
• Provide finance loan from Nrs. 50,000.00 Nrs.
  75,000.00 and a Mentor/Business Advisor
• No collaterals required

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Peace Campaign

• Initiated the national peace symbol on 27th June
  2004
• Motto Nepali ko Chahana, Shanti ko Sthaphana
• Mission To create awareness and to motivate the
  Nepali people, not to give up hope of seeing a
  peaceful Nepal in the near future and also to
  serve as a continuous reminder for the need of
  peace in Nepal and to work toward Peace even on
  individual/collective capacities.

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Peace Campaign
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Education Beyond

• Mission Imparting quality education through
  practical learning
• To maintain the quality in the traditional
  education system and to equip the students with
  hands on experince of corporate culture and
  realistic ways of learning.
• To provide scholarships and sponsorships to the
  efficient and outstanding but financially
  challenged students

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Association of Youth Organizations Network (AYON)

• An umbrella organization for Youth Organizations
  in Nepal
• Platform for collaboration, resource sharing and
  collective endeavor between Youth Organizations
  in Nepal.
• NYEF is one of the founding members and taking
  the lead in AYON from the business sector
• .

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Young Achievers Award (YAA)

• A tribute to the efforts, achievements and
  contribution of the young generation to the
  society
• Encouragement, exposure and support to the young
  people to come up with own innovative idea in any
  field.
• Direct the younger population of the country
  towards positive attitudes.
• NRN involvement in this project as we also plan
  to recognize outstanding NRN youth in this event

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NYEF Biratnagar Chapter
Chapters

• Established on 21 September, 2004
• Supported by Chamber of Industries Morang
• (CIM), Biratnagar
• 26 Members
• Pokhara and Birgunj Chapters in the
  pipeline

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Future Plans

• Establish greater cooperation with similar youth
  organizations worldwide
• Expand its networking nationwide
• Organize conferences and exchange programmes with
  leading youth chambers in other countries
• Launch other initiatives to help young
  entrepreneurs to gain better insight into the
  prospective key business sectors of the future.

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Youth Unemployment

• Currently over 300 million unemployed youth (18 -
  35 years) in Asia

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The Challenge
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• Introducing

Youth Entrepreneurship Program
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Introduction

• Modeled after the Prince of Wales Youth Business
  International (YBI) in UK
• Promoted by NYEF (Nepalese Young Entrepreneurs
  Forum) and FNCCI ( Federation of Nepalese
  Chambers of Commerce and Industry
• Mission is to be a National leader in helping
  disadvantaged young people become entrepreneurs.

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Objectives

• To assist disadvantaged youth to develop their
  viable business ideas to enterprise
• To develop capacity and skills of youth to make
  them able to sustain in an employment oriented
  job environment
• To reduce unemployment gaps by promoting
  entrepreneurship along with innovation and
  leadership

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Philosophy

• Making Entrepreneurs Through

MARKETING NETWORKING
TRAINING MENTORING
SEED CAPITAL COUNSELLING
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How do we start?
Appoint Trustees
Obtain Initial Fund
Appoint Other Committees
Evaluate pilot program and adjust model
Roll out initiative
Run pilot program
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Whom do we help?

• Young People (18 - 35 Yrs.)
• Disadvantaged - No Alternate Resources
• Viable Business Idea
• Will to Succeed

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What NYBI Provides?

• Finance
• Loan from Nrs. 50,000.00 Nrs.
  
  75,000.00

Mentor Business Advisor
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Why Loans? Not Grants?
Banks
Require collateral Require track record
Grants
Limited funds Usually adult only Requires peer
group
Rarely available
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How to become an Entrepreneur
NYBI
Curriculum Skills training Careers
advice Business planning
Banks Micro-credit Enterprise Support
No Experience No Assets
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NYBI process flow
Outreach
Other career choice
Initial meeting
Business plan
Panel interview
Training
Access to finance
Allocation of mentor
Business support
Monitoring
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Program Structure
Trustees
Advisory Panel
Local Board other committees
Management Team
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The Committees

• Trustees
• Boards and Panels
• Entrepreneurs Advisory Panels(EAP)
• Entrepreneurs Selection Panel (ESP)
• Mentors Advisory Panel (MAP)

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Mentoring Models
One on one - Urban
Mentor Clinics - Rural
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The Process
NYBI approaches potential individuals
Helps in Initial Business plan
Technical Evaluation
Loan and Mentor Allocation
Selection Interviews
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Who Supports NYBI?

• Corporate
• Multi National
• SMEs (Associations)
• e.g. NGOs Educational Institutions
• Business Individuals/ Angels

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NYBI Entrepreneurs
S.No Name of the entrepreneur Area Project Loan Allocated Nrs.
1. Ms. Jane Dali - Maruhitti Pickle Production 75,000.00
2. Ms. Aparna Rajbhandari Chakrapath Titaura Production 1,00,000.00
3. Mr. Rajendra Maharjan Balumbhu Mushroom Production 1,00,000.00
4. Ms. Nanu Kunwar- Balumbhu Beauty Parlor 50,000.00
5. Mr. Narayan Pariyaar Jawalakhel Tailoring 25000.00
6. Mr. Bil Bahadur Shrestha Balambu Medical Pathology 75,000.00
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NYBI Fundraising Event

• Corporate Go-Karting Event 2005

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• FUNDS RAISED BY EVENT
• NRs 5 LAKHS