Namaste,
Start Up scene all over the world is growing interesting day by day. Youths these days are more focused to earn and make their own empire rather than working for others. The culture is taking a turn to block chain and artificial intelligence. The news room today announced jeff bezos( founder of Amazon.com)the world richest man in the history crossing 105 billion when rise of stocks with 1.4%. Success stories hit the headlines and failures look for another ideas. looking back to the history only handful of start ups are fortunate those who made the fortune. Billions of dollars are being invested in the ideas that can change the way world runs. The Scene is not different in Nepal than silicon valley apart from funding.
Every day we can see a new idea being materialise to make the dream come true. There are starts up everywhere form the way we travel to way we live to the way we eat , Entrepreneur want the change in tides. Nepal being one of the developing country in Asia : opportunity lies where there are problems . Nepal has many problems and start up as well. For a surprise the country with 30 million people, the biggest source of revenue is remittence. Yes You read it right 5 million of our youths aged 18-35 work in middle east. Have you watched Russell peters? In one of his stand up comedy . conversation with billionaire arab friend Russell-" from where you have these many short mongol-indian people working for you". he replied " i bought the whole Race" yes we are that race bought by arabs to make middle east amazing.
Though the situation is not favourable on our behalf, still there are thousand of start ups in NEPAL with limited resources day by day this increasing, but the dying rate of these start up high . Indeed very high 1 out of 100 has been surviving. The lack of proper government polices and lack of funding is the main reason. There are almost more than 500 e-commerce site in Nepal and our government has no policy for that. we spend millions of dollar in face book google and other social platform for marketing but there is no regulations for bringing up our own payments gateways; some fighting for survivals Yes this is the scene the saddest part of being a entrepreneur in a developing Nation. No Policy for crowd funding is leading to the deaths of millions of ideas before being materialise. BuT there is always the hope one day the scene change.
And we shall have better environment for entrepreneur . our brothers and sister don't have to go middle east to earn. Thousand of job opportunities here within.
