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

Bhutan Trust Fund for Environment Conservation Approved Nu 90.63m Grant For Eight Projects

Two projects will be focussing on adaptation, another two on mitigation, three on security and one on social well-being.

Jan 19, 2019 11:41

In A Bid To Reduce Consumption Of HFCs, Bhutan Ratifies Kigali Amendment To The Montreal Protocol

The Kigali Amendment requires the phasing down on the use of Hydrofluorocarbons (HFCs).

Jan 18, 2019 08:24

Features

RENEW’s Microfinance Loans Empower Women In Rural Regions Of Bhutan

Most women in the rural communities do not have access to financial services but this initiative has been a turning point for many.

Jan 23, 2019 18:02

Bhutan Aims To Reinforce And Promote Its Cultural Identity And Traditions

Bhutan’s culture and tradition has been identified as one of the National Key Result Areas (NKRA).

Jan 21, 2019 09:26

Sports

Japanese Volunteers Taught Football Skills To Some Young Monks And Hope to Reach Out To All Other Monastic Institutions In Bhutan

Held on World Children’s Day on 20 November, the programme was spearheaded by the Japan Overseas Cooperation Volunteers (JOCV).

Nov 24, 2018 06:06

Female Archer Dorji Dema Hopes To Inspire More Women To Take Up Archery In Bhutan

Dorji Dema, a mother of three is among the first women in Bhutan to play in an archery tournament.

Nov 05, 2018 08:11

Business

Applying The Vital ‘7Cs’ To Boost Bhutan’s Business Development And Start-Up Culture

Successful navigation of these ‘7Cs’ will help you (Bhutan) to create the business legacy that you deserve and desire.

Jan 22, 2019 18:29

Housing.Bt Received Funding From An Investor Through The Jab-Chor Platform For Young Entrepreneurs In Bhutan

The Yarkay Group Private Limited supported Housing.bt with Nu 2 million.

Jan 07, 2019 13:58

Travel

Revival Of Khurul Lake In Lhamoidzingkha – A Special Lake Where One’s Wishes ‘Can’ Be Fulfilled

Today, the lake is fast becoming a tourist spot for both Bhutanese and tourists from abroad.

Jan 20, 2019 15:47

Here’s What It’s Like Inside Asia’s Best Hotel - COMO Uma Punakha In Bhutan

Luxury resort COMO Uma Punakha was awarded best hotel in Asia and third best hotel in the world, by Conde Nast Traveler's Readers Choice...

Jan 18, 2019 17:05

Lifestyle

Bhutanese Boyband O'Strangers To Play In Pattaya For 2 Months

They are the first Bhutanese rock band to perform at Hard Rock Cafe Pattaya in Thailand.

Jan 04, 2019 15:13

Learn How Some Kids Engage Themselves Meaningfully This Winter Vacation In Bhutan

Attracting more than 200 participants, the programme attempts at making children and youth learn some skills and explore new interests.

Dec 29, 2018 10:09

Subscribe to our newsletter

Never miss out on new happenings and news stories!