Next Venture Corp. has opened an application for its highly anticipated business accelerator program, NEXT Launchpad as announced in NEXT Growth Conclave 2016. It's a mentorship-driven business accelerator program aimed at helping Nepali entrepreneurs and their early-stage businesses to grow faster.
Nepal is a country full of potentials yet to be fully explored especially in the fields of information technology, education, health, tourism, and agriculture. Furthermore, everyone is well aware of the Nepal’s degrading economic scenario and the need to create a youth-friendly environment in the country. One of the most well-observed methods to kickstart an economy is through entrepreneurship, which would not only find a solution to problems of the society but also create jobs, keep entrepreneurial ecosystem intact, and change the society for better. In spite of knowing this, there have been barriers for entrepreneurs.
The entrepreneurs desire to grow their ventures. As it would require large sums of money to utilize the resources, to operate and expand the business, and create the market, it would be practically difficult for them to foster and ultimately such scalable businesses are stuck or die.
Most of these can be easily eliminated through proper guidance, resources and support system but Nepal being an emerging economy, this is lacking. Thus, to avoid such, NEXT Launchpad has been introduced.
How will NEXT Launchpad help?
NEXT Launchpad will fill this gap by providing compact and extensive programs to equip business with the most of what they need to sustain and succeed. Accelerators like this will push the creation of more knowledge-driven businesses with higher success rates. To foster entrepreneurship in Nepal, it provides the best of business knowledge, curriculum, experts, mentors, investors, resources, valuable networks, market exposure, supportive community and access to funding.
NEXT Launchpad is a mentorship-driven accelerator of 4 months, carefully designed to provide optimum value to the business houses and entrepreneurs. This 4-month long program has been broken down into weeks, each with an objective which incorporates business model refining, marketing, legal, strategic management, operations, HR, finance, industry specific workshops, presentation and much more. In addition, NEXT Launchpad has also developed various signature events, like Brainfast, Venture Walk, Venture Talk and Venture Blend to escalate knowledge exchange, networking, and exposure.
How NEXT Launchpad operates?
The applications for the business has been opened from 25th September 2016. Entrepreneurs from all over Nepal who are looking to grow their businesses can apply for NEXT Launchpad. Out of the hundreds of applications, only 10 companies will be selected to go through the accelerator program. The business will be screened out through various phases such as analysis of application forms, founder interviews, team assessment and market study. Each month has its own objective starting from building a strong foundation, gearing for success, managing growth, to attracting and managing funds. To fulfill these objectives, the mentors deliver the workshops and training during the mornings every Monday to Friday. The program concludes with a Demo Day where 10 selected business entrepreneurs pitch their business whereas investors make growth investments in the businesses.
Events of NEXT Launchpad:
Various events are designed to enhance the entrepreneurs’ learning experience in the NEXT Launchpad:
1. BrainFast - Is a brainstorming session over breakfast with business leaders and sector experts on any business issues relevant to the business. This highly focused brainstorming is geared towards solving the specific problems business will face during the accelerator program.
2. Venture Walk - Is a morning walk session for entrepreneurs and the investors to know each other better, building valuable relations. This session will be highly valuable during the DEMO day when the close relationship could assure an investment.
3. Venture Talk - Is a talk program where leading entrepreneurs share their journey of building successful ventures and inspire the entrepreneurs to do more. After the talk program, they will also have a chance to interact with the speakers and the audience.
4. Venture Blend - Is a theme based networking session where people from all the verticals of various industries and people related to the industry get a platform to interact and break deals.
Brain Fast and Venture Walk are organized on every Sunday morning on a request by the selected business. Venture talk and venture blend are each organized on alternate Friday evenings and are open to the public with prior registration. These events boost the growth of entrepreneurs, their team and business with maximum knowledge sharing, networking, and exposure.