Bhutan’s DHI Business Acceleration Programme Partners With the University of Texas’s IC2 Institute To Draw On Their Expertise

Email

The press release states that DHI has hired the services of IC2 Institute under the University of Texas, USA as a partner for the programme.

IC² Institute, The University of Texas at Austin. (Source: ic2.utexas.edu)

 

By Staff Reporter | Kuensel

The DHI Business Acceleration Programme, DHI BizAP was initiated on October 13. The Chief advisor of the interim government, Chief Justice Tshering Wangchuk inaugurated the opening at the start-up center in Changzamtog, Thimphu. DHI Chairman Dasho Ugen Chewang and DHI Chief Executive Officer, Dasho Karma Y. Raydi also attended the opening.

The entrepreneurship programme covers training and skill development which will sharpen the entrepreneurs’ value proposition, define target market, get feedback on product/technology and determine effective business models for an enterprise. The first cohort of the training programme which began on October 13 will finish on February 14, 2019.

Support given by the DHI for entrepreneurs in Bhutan

The programme also focuses on financing, which is considered a major constraint in entrepreneurship promotion in Bhutan. To address this issue, the DHI will support entrepreneurs in sourcing their equity contribution to the project by providing a maximum loan amount of Nu 500,000 with an administrative fee of 5 percent per annum.

 

Source: Kuensel

 

“DHI will not expect any interest or collateral from the entrepreneur and will not hold any ownership in their businesses. All entrepreneurs completing the DHI BizAP will be given an opportunity to avail the financing,” a press release from DHI states.

The programme will also provide support by establishing mentoring relationships with experienced businesspersons to help entrepreneurs set up and run their business successfully.

According to the press release, the programme also covers monitoring and evaluation systems where the DHI will monitor and evaluate the performance of the entrepreneurs and their businesses from time to time to ensure the success of the venture.

Partnering with IC2 Institute under the University of Texas, USA

The press release states that DHI has hired the services of IC2 Institute under the University of Texas, USA as a partner for the programme. Over the next one year, IC2 Institute will train and certify the local trainers and professionals to take forward the initiative so that the programme will be sustained once the institute exits the country.

As the investment arm of the government with the mandate to promote and encourage entrepreneurship and business development through venture capital and other required institutional support, the DHI initiated the programme to promote the Cottage and Small Industries sector in Bhutan as well.

 

This article first appeared in Kuensel and has been edited for the Daily Bhutan.

 


Related Posts

Entrepreneurial Student In Bhutan Won His Majesty’s Scholarship...

Even if Tashi Tshewang gets a scholarship to study in a government college or abroad, he will continue to repair shoes...

Aug 27, 2018 16:22

Start-up Centre In Bhutan Held Session To Provide Advice On Doing...

Guidance was provided during the first session on starting a business held at the newly established start-up centre at...

Aug 14, 2018 12:06

Start-Up Centre Inaugurated In Thimphu To Help Aspiring...

The centre is expected to facilitate entrepreneurs for sustainable economic growth.

Jun 29, 2018 13:17

Monk Turned Entrepreneur Produces Egg Trays In Bhutan To Minimise...

Thinley's egg trays are sold at a more competitive price than those imported from India.

Jun 10, 2018 15:42

Bhutanese Bakery 'Rolling Pin' Boost Sales With Social Media

Using social media, Rolling Pin's products have been selling like hot cakes.

May 09, 2018 15:12

Bhutan Soul Farmers Aims To Be A Model Of Soulful...

Bhutan Soul Farmers’ basic tenet is the sufficiency economy philosophy promulgated by King Bhumibol Adulyadej of...

Sep 24, 2018 11:24

Latest

News

Employment opportunities amid crisis - Tour guides opts farming

A tour guide could earn a minimum of Nu 30,000 per month during the peak tourist season in Bhutan. The income made was sufficient to support...

May 19, 2020 19:53

Covid-19 response must address gender-based violence, other rights of women and girls

“The social and economic stress that Covid-19 pandemic brings upon households places women and girls in vulnerable positions, burdening them...

May 12, 2020 16:46

Features

Haa- Home of Ap Chundu, the omnipresent local guardian deity

Haa is one of the smallest districts in the country and is highlighted by the Wang chu Lo Dzong which is the administrative centre of the...

May 20, 2020 18:24

Convertible currency earnings hit

Bhutan was set to have one of the best years in tourism after the Lonely Planet in October 2019 recognised Bhutan as the number one travel...

May 19, 2020 08:32

Sports

Karma – Female Archer From Bhutan Qualified For Tokyo 2020 Olympic Quota

Karma has been specialising in Olympics-style archery since 2009.

Nov 30, 2019 13:18

Bhutan’s Pelden Wangchuk Wins 10th Edition Of Tour 0f Dragon Mountain Bike Race

This year, the race also saw the highest number of female participants compared to past years.

Sep 10, 2019 01:08

Business

Celebrating Bhutan’s Entrepreneurs: Namkhar Gyaltshen Of Transcend Artisan

This story is part of an exclusive feature by Yeewong Magazine in Dec 2018 on celebrating entrepreneurship in Bhutan.

Mar 06, 2020 11:48

Centre Of Excellence For Software Engineering Launched By Bhutan’s Thimphu Techpark

The purpose of establishing this centre is to fulfil His Majesty the King’s vision of using technology to solve problems.

Feb 24, 2020 23:58

Travel

Wangdue Phodrang - The gateway to the far-flung corners of Bhutan

Known as Sha or east to the Bhutanese, Wangduephodrang district is an important gateway to the far-flung corners of Bhutan. The region, the...

May 27, 2020 08:47

Reasons Why Dagala Trek is Every Trekkers Dream

May 13, 2020 11:30

Lifestyle

Food on Wheels- First of its kind in Bhutan

The World's Largest Fast Food Restaurant Chains doesn't exist in Bhutan.

Mar 04, 2020 09:39

Amazing Stories from the Eastern Part of Bhutan

You can't say you have visited the eastern part of Bhutan unless you have experienced the following bizarre things.

Mar 02, 2020 19:02

Subscribe to our newsletter

Never miss out on new happenings and news stories!

Download Daily Bhutan Mobile App

Connecting with us just got easier!