Yunus Social Business Center, King’s College signed Memorandum of Understanding (MOU) with Kathmandu Model College. The MOU will jointly facilitate youths with startup idea to help them shape their ideas into commercial venture through “Business Incubation Program” at Yunus Social Business Center, King’s College.
The duo parties will work together to promote entrepreneurship among the youths in their respective college to conceptualize, produce and design the start-ups with a potential to scale and create employment for more youths inside the college as well as outside of the college. King’s College has created a platform promoting youth entrepreneurship among the college youths. Kathmandu Model College has created seed fund of NRs. 10, 00,000 (Ten Lakhs) for their students.
During the MOU signing, Narottam Aryal, King’s College Executive Director, represented Yunus Social Business Centre, King’s College and Surendra Subedi, Principal, represented Kathmandu Model College. The respective colleges’ representatives shared their views about educational and entrepreneurial innovation in Nepal “Education needs to be innovative rather than stagnant. Along with students, teachers should also be exposed to the outer world. Once the teachers become skilled and innovative, it takes much less time to develop innovation quality in the students. And this collaboration between the colleges will open doors to numerous opportunities in the coming days”, Aryal added. “Colleges in our country should focus on having partnership within the country’s educational institutions. At the time when the college are flexible for only profit partnership instead of innovative partnership, this MOU will be example to other colleges as well. He also focused on creating entrepreneurial opportunities for the students within the country”, Subedi said.
Nanda Kishor Mandal, Head of Yunus Social Business Centre, King’s College, congratulated both the parties for trusting reach other. “We will hard work with honesty and perseverance in the days to come promote healthy entrepreneurship and purse the shared mission of creating youths led ventures”, he further mentioned.