Celebrating Bhutan’s entrepreneurs: Tashi Wangdi of iHub

Email

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

(Source: Facebook/i Hub Bhutan)

By Staff Reporter | Yeewong Magazine

Although the ‘brain drain’ conversation may have people talking, there are those who are quietly bringing skills and ideas back home.

Many Bhutanese citizens are currently developing skills overseas and bringing them back to the Kingdom, helping make small changes at a steady pace.

One fine example is Tashi Wangdi, who got his business idea from Singapore when he was working for CIO Academy Asia.

Aims of starting iHub in Bhutan

Today, Tashi is the founder of iHub Bhutan – a private incubation centre that provides mentorship and hand-holding services for aspiring and budding entrepreneurs.

iHub was started in 2017 after Tashi Wangdi noticed that many entrepreneurship trainings were being held, but aspiring entrepreneurs were losing guidance after completing them.

Accordingly, he came up with the incubation concept to provide further guidance in the entrepreneurs’ journeys.

 

 Source: Facebook/i Hub Bhutan

 

He started the business with Nu. 22,000 and rigorously went through hundreds of websites to learn all about incubation services before setting one up.

Initially, Tashi Wangdi did not intend to have a career in entrepreneurship. After graduating from high school, he simply wanted a 9 to 5 job, which was more than fulfilled when he landed a job in Singapore.

Eventually, he learnt that a 9 to 5 job was not made for him. Soon, he took the plunge and left his profession. The biggest difficulty he faced was to make his family understand why he wanted to leave an extremely well-paid job in Singapore to follow his passion.

Challenges which Tashi faced

At first, he did not have the courage to tell his parents that he has resigned from his job. “Our parents and society do not support new businesses because we don’t really have many success stories. Therefore, the first thing which we need to work on is to change the mindset of our society,” Tashi explained.

He faced some challenges at the beginning as his business model was regarded as one which will only generate returns in the long run and not on a monthly basis.

Therefore, Tashi’s proposals for funding his initiative were rejected several times.

 

 Photo: Facebook/i Hub Bhutan

 

Finally, Tashi Wangdi received support from the MoLHR last year, in the form of a minimum stipend for 10 of iHub’s clients to cover their daily expenses as a form of encouragement.

He has also conducted a Founders’ Round Table – a meeting to bring together budding entrepreneurs to discuss their challenges and then work out possible solutions together via consultations.

He is currently working on a plan to host an event with a better platform that will include government stakeholders and investors.

Encouraging more entrepreneurs in Bhutan

With ideas like Tashi Wangdi’s iHub, the path for Bhutanese entrepreneurs is becoming more feasible, as they are more motivated to kickstart their idea and turn it into a reality.

When asked about his opinion on start-ups, Tashi says,” Nowadays, tall tales really don’t sell so you have to come armed with facts and figures and then you have to sell your story.”

“Unless people see value in your products or services, they are not going to help you or believe in you. So we have to make our own way, work hard and not depend on others. That’s all.”

 

This article first appeared in Yeewong Magazine and has been edited for Daily Bhutan.

 

 



Related Posts

Celebrating Bhutan’s Entrepreneurs: Namkhar Gyaltshen Of...

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...

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

Feb 24, 2020 23:58

Two ‘Made In Bhutan’ Products To Hit The Market Soon, Also Eyeing...

Druk Peci and Bhutan Green Product were launched on 19 February.

Feb 20, 2020 23:38

Economic Roadmap Needed To Steer Bhutan Towards Higher GDP Growth

The Lyonchhen said that the economic figures will improve in 2020 as 70 percent of the capital investments still lie...

Jan 17, 2020 23:38

Celebrating Bhutan's Entrepreneurs: Tharchen And Sonam Rinchen Of...

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

Dec 25, 2019 16:18

Celebrating Bhutan's Entrepreneurs: Namgyle Dorji & Nagendra...

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

Dec 09, 2019 14:38

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

Reasons Why Dagala Trek is Every Trekkers Dream

May 13, 2020 11:30

Into The Wilderness During The Best Trekking Season In Bhutan

The jagged and unforgiving mountain landscapes of Bhutan make some of the best mountain trekking routes on the planet. Undoubtedly one of...

May 05, 2020 17:35

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!