Start-up Centre In Bhutan Held Session To Provide Advice On Doing Business For Entrepreneurs

Email

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

Promoting entrepreneurship in Bhutan. (Source: Pandle.co.uk)

 

By Karma Cheki | Kuensel

On 3 Aug, start-ups and entrepreneurs were given advice and tips on how to start a business, license procedures and to utilise the Priority Sector Lending (PSL).

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

The session was organised as part of the Department of Cottage and Small Industries’ (DCSI) mandate to inculcate a sense of entrepreneurship.

Advice on starting a business is provided for all entrepreneurs

Person in-charge and industry officers with the enterprise development division, Penjor, said that the sessions would enable interested start-ups and entrepreneurs to be aware of the processes involved in starting a business.

He said that the free session is not only for those who are occupying space at the start-up centre but also for those who are interested in starting a business.

“Some of the start-ups at the centre have yet to obtain their business licenses. So it would be helpful to them as well.”

Director General of DCSI, Tandin Tshering said that through interaction with the start-ups and entrepreneurs, the department would also be able to improve the licensing procedures. 

“We will try to have as many of such sessions based on the interest of the start-ups and entrepreneurs.”

He said that sessions based on different aspects of doing business such as taxation, public health, bookkeeping and food safety could be held in future.

The aspiring start-ups and entrepreneurs inquired on the requirement of a license to acquire resources during the materialisation and viability testing stage of a business idea.

Voices from some of the participants

One of the participants, Karma, said that unlike what she has been informed by the DCSI officials, she had to produce a license just to obtain land on lease for her mushroom cultivation business.

“I had to keep renewing the license for almost two years to obtain the land, before even starting the business.”

Other entrepreneurs facing similar issues, asked the DCSI to look into the situation and to improve and streamline the system of starting a business among the different departments, agencies and ministries.

Significance of collaborating and working with other relevant agencies in Bhutan

DCSI’s Chief Industries Officer, Thinley Palden said that given the concept of start-ups and start-up centre being new in Bhutan, there is a need to collaborate and work with other relevant agencies such as the Department of Revenue and Customs, the National Environment Commission, and the PSL council.

She said that the department would take up the concerns with the relevant agencies to smoothen and streamline the systems related to starting a business in the country.

The DCSI on July 31 had issued a notification requesting those interested to register for the session.

More than 15 interested start-ups and entrepreneurs including some of the entrepreneurs occupying the centre’s incubator space, attended the session.

Purpose of the start-up centre

The start-up centre which was inaugurated on June 25, helps nurture business ideas and to develop them through support programmes such as mentoring, training, marketing, product designing and development, linkages to financial institutions and other business development services.

Till date, eighteen start-ups and Fabrication Laboratory, Bhutan (Fab Lab) are currently occupying 20 of the 28 incubation space in the centre.

As of June 15 this year, there are 20,195 cottage and small industries in the country – 15,936 in the service sector, 2,143 in contract and 2,116 in production and manufacturing.

 

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

 


Related Posts

Mountain Hazelnuts Ventures Train Unemployed Youth To Come Up...

Similar training programmes are in the pipeline and will be held in other eastern dzongkhags in future.

Jun 15, 2018 00:04

SDF To Develop E-Commerce Platform And Support Start-Ups In The...

The SDF has already achieved and disbursed US$ 47mn for 12 cross-border projects.

Jul 24, 2018 09:03

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

Techstars Startup Weekend Bhutan (Eco-Tourism): 54 Hours where...

The eventful weekend saw 130 keen people in attendance, of which 56 pitched ideas. This was the fifth time that such an...

Nov 29, 2017 08:46

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

Latest

News

Ten Years Since The Inception Of Democracy, Bhutan Has Made Steady Progress In Human Development

The National Human Development Report highlights positive results during ten years of democracy in Bhutan.

Mar 21, 2019 15:08

Tiger Numbers Increase In Bhutan

As the world tries to double tiger number from where it was in 2010, Bhutan’s increase in tiger numbers shows that at least one country is...

Mar 19, 2019 14:18

Features

National Geographic Photo Camp Team Trained Some Bhutanese On Story-telling Through Photography

Around twenty participants were trained on story-telling through photography at a photo camp from 9-14 March.

Mar 23, 2019 16:08

Bhutan Addressed Climate Change Concerns With Foreign Delegates At The 14th Round Table Meeting

Prime Minister Dr. Lotay Tshering said at the Round Table Meeting that climate change is real and efforts must be made to reduce its impact.

Mar 22, 2019 18:45

Sports

Bhutan To Hold First 'Sports And Culture Festival' For Runners And Cyclists

There are two tiers to the event, comprising of a full-race distance of 50km and a half-race of 25km.

Mar 06, 2019 17:14

Bhutan’s HRH Princess Eeuphelma Choden Wangchuck Attended The General Assembly of the Asian Paralympic Committee In Dubai

The General Assembly is the highest decision making body of the Asian Paralympic Movement.

Feb 08, 2019 18:15

Business

Celebrating Bhutan's Entrepreneurs: Sonam Lhamo Of Bumthang Milk Processing Enterprise

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

Mar 18, 2019 10:19

Need For More Women Entrepreneurs To Partake In Bhutan’s Economic Development

The 2018 Global Gender Gap Report has ranked Bhutan 122nd out of 149 countries on a global index.

Mar 14, 2019 20:54

Travel

Tourists Visiting Bhutan Can Look Forward To Exciting Heli-Biking And Heli-Hiking Services

Heli-Biking and Heli-Hiking services are in the pipeline to attract more tourists to visit the remote parts of Bhutan.

Mar 20, 2019 20:18

50 Years Since The Renovation Of Tashichhodzong - Fortress Of The Glorious Religion In Bhutan

In the fifty years since its renovation, the Tashichhodzong remains an architectural marvel.

Mar 17, 2019 11:08

Lifestyle

Food Review: Cloud9 Cafe & Bar

Cloud9 has always been known in Thimphu for dishing out handcrafted gourmet burgers.

Mar 09, 2019 09:44

Tshering Zangmo Represents Bhutan At The 5th Young Chef Olympiad In India

Tshering Zangmo has successfully made it to round two of the Olympiad.

Feb 04, 2019 16:35

Subscribe to our newsletter

Never miss out on new happenings and news stories!