Othāro is a 6-month long incubation program for aspiring young entrepreneurs organized and facilitated by King’s College Nepal in collaboration with Rastriya Banijya Bank Limited. The program welcomes aspiring entrepreneurs to transform their innovative solutions and launch them into profitable and scalable business ventures by providing the right skill, mindset, tools and network. High-performing teams have a chance to access collateral free loans of up-to Rs.10,00,000 through Rastriya Banijya Bank.
Our approach combines continuous immersive learning workshops and coaching, business model iterations, gap-based mentoring and sector specific access to finance, network and investors. By the end of the incubation, businesses will have a business model and business plan to support the business to scale and accelerate in the future.
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What we offer
Immersive Learning Workshop
Every month, an in-person learning workshop is curated to facilitate the curriculum with the aim to engage entrepreneurs with relevant ecosystem players and provide them with the right tool and mindset.
We embrace a gap-based mentorship for the startups and entrepreneurs to address their diverse needs and requirements.
Bi-weekly coaching support. Each team is provided with a dedicated coach to navigate the team’s challenges, needs and follow the team’s progress and journey in the program to provide the needed support and connection.
Product Testing and Adaptation
We intend to build an adaptive mindset amongst the startups by enabling them to test their products with the users, learn and adapt their products and services throughout the program and provide them with the confidence to launch their business.
Access to Finance
In collaboration with Rastriya Banijaya Bank Limited, the potential high-performing teams will be eligible to receive a subsidized loan of up to 15 Lakh Nepali Rupees by the end of the program, evaluated by RBBL.
The 6 months incubation journey is concluded with a demo day where all participating teams pitch their idea and the potential of their ventures. Along with the incubatees, various stakeholders from the industry, investors, media and civil society will be invited to the Demo Day.
Outcome and Impact
The product/service will turn into a sustainable scalable business venture. The startup will have an enhanced understanding of the market where the customers are now and access to the market. The investor’s network is also available for potential teams and access to a subsidized collateral-free loan of up to Rs. 15 Lakhs from Rastriya Banijya Bank Limited. In the end, Othāro will play a crucial role in ensuring the success of your startup’s entrepreneurial journey.
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Who can Apply
Startups and Teams who have a clearly defined problem, and a developed prototype of their product or service idea.
Businesses and projects that have been in operation for 6 months to 2 years (Legal registration is not required)
Must be 18 years and above
Individuals from marginalized and underrepresented social groups are encouraged to apply
Participants who are able to commit at least 5-6 hours per week (Mandatory Master Class will be full day once a month.
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