Nepal: Idea Factory empowers micro entrepreneurship

 

RESULTS:
• A mobile app named Idea Factory, dedicated to promote existing and potential entrepreneurs, has been developed and launched
• Over 5,000 visitors to the Idea Factory websites
• Through the Idea Store, 100 innovative ideas have been generated, open for partnership and investment.
• Enabled over 30 entrepreneurs to showcase their best products online to a huge number of potential buyers.
• About 30 entrepreneurs were able to sell their products and make transactions with the help of the app

 

 Idea Factory workshop to equip micro entrepreneurs with IT skills. Photo credit: UNDP Nepal.

A collaboration of Microsoft Innovation Center (MIC) Nepal and United Nations Development Programme (UNDP), Idea Factory Nepal is a technology solution catered especially for the Micro Entrepreneurs (MEs) across the country. With the sole motive of empowering the MEs and broadening the scope of their hard work, the Idea Factory offers a web based solution decomposed into the ‘Nepali.Market’ and ‘IdeaStoreNepal’. The dedicated stores aid in categorizing ideas and products with their distinct features.

The Nepali.Market is an e-commerce portal aims at providing platform for marketing local produces. It is a showcase of the local products that the MEs have been able to produce. Simplified and localized for easy access, the online store mimics the actual e-shopping experience as close as any popular e-shopping portal such as e-bay or amazon.

The IdeaStore is an ME centric module - a repository of all the possible avenues yet to be explored. It aims at sharing and exploring ideas of entrepreneurship and investment among local people. It contains ideas on micro entrepreneurship or farming and avails the facility where anyone can share his/her ideas, explore others ideas and seek business partnership and linkages. With the right match and suitable funding, the dreams of aspiring MEs can be turned into reality. More than 100 innovative ideas have been generated, open for partnership and investment.

 Ms. Kesha Pariyar

People are supportive to this project.

While interacting with local stakeholders in Kushma of Parbat District during an inception meeting for the project, Ms. Kesha Pariyar, the winner of Oslo Business for Peace Award and a source of inspiration to thousands of women in Nepal, says technology could act as a key driver for women’s empowerment.

A software development workshop was organized in Parbat in December 2015 as a preparation for the project. Fifty eight years-old Tikaram Timilsina Jaisi of Patichaur in Parbat district attended the workshop. "Finding good market for products was very difficult. I had to struggle hard to get saplings of oranges and other raw materials for beekeeping businesses. But when I heard the youngsters explain how online business can help me overcome those challenges, I realized that technology can be of much help to me," Timilsina told MyRepublica.

An Idea Challenge was orgnaized in early 2016 to solicit ideas from the crowd. The winnders were awarded in March. 

 

We are pleased to congratulate the brains behind top 15 ideas, which were awarded today as part of the IDEA CHALLENGE...

Posted by UNDP in Nepal on Tuesday, March 15, 2016

 

Last updated: March 29, 2016

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