FNCCI Launches Major Investment Initiative to Boost Start-up Entrepreneurship

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has unveiled a significant investment aimed at fostering start-up entrepreneurship in Nepal. Announced during the inaugural session of 'Startup Nation 2030,' the initiative marks a pivotal step in promoting innovation and business growth within the country.

FNCCI President Chandra Prasad Dhakal revealed that a new investment company has been established with a substantial capital of NPR 10 billion. This company, initiated by FNCCI, is designed to support and enhance the start-up ecosystem by providing funding and resources to emerging businesses. It will operate as an autonomous entity, with the flexibility to invest in various companies across different sectors.

During his address, Dhakal emphasized the importance of both foreign direct investment (FDI) and domestic investment in driving Nepal's economic development and prosperity. He highlighted that this new company was set up through institutional investment, underlining the FNCCI's commitment to creating a supportive environment for entrepreneurs.

Dhakal proposed the creation of an Incubation Centre and Innovation Centre specifically targeting youth entrepreneurs. These centers are intended to provide a nurturing environment for start-ups, offering resources and support to help them thrive.

Dhakal announced that the FNCCI, in collaboration with the Sudurpaschim Province Government and the Kailali Chamber of Commerce and Industry, is moving forward with the establishment of an Incubation Centre. This initiative aims to further bolster the start-up ecosystem by providing additional support and infrastructure for new businesses in the region.

This announcement reflects FNCCI's strategic effort to enhance Nepal's entrepreneurial landscape and drive economic growth through innovation and investment.