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

Korean International Cooperation Agency Contributes US$4m To WFP Bhutan, In Support Of School Feeding Programme

It seeks to assist the transition and scaling-up of the school feeding programme to a national school nutrition programme.

Dec 13, 2019 14:18

Canadian Delegation Held 1st Biennial Consultations, Set To Foster Closer Ties With Bhutan

The two sides exchanged views on the recent political, economic developments and bilateral cooperation in Bhutan and Canada.

Nov 26, 2019 23:38

Features

Civil Servants Sponsored Festival In Remote Village Of Bhutan, Brought Joy To Many

The tshechu draws devotees from across the dzongkhag, and even the neighbouring Indian town of Tawang.

Dec 11, 2019 13:18

Five High End Hotels From Bhutan Bagged International Awards

The five award winning hotels are: dusitD2 Yarkay, Terma Linca Resort and Spa, Zhiwaling Heritage, Le Meridien Thimphu and Taj Tashi hotels.

Dec 02, 2019 22:38

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: Namgyle Dorji & Nagendra Kafley Of Bundle.bt

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

Dec 09, 2019 14:38

India, Singapore And Thailand – Top 3 Asian Foreign Direct Investments In Bhutan

The total number of FDI projects in Bhutan stands at 83 as of November this year.

Dec 07, 2019 19:28

Travel

Bhutan’s Black-Necked Crane Festival Drawing More Foreign Tourists

Some 500 tourists from around the world came to Bhutan to see the Black-Necked Crane festival, exceeding the number of locals.

Nov 14, 2019 23:18

Bhutan Bird Festival Set Bird Watching Haven Of Zhemgang Abuzz

Zhemgang is home to more than 500 species of birds, which is an area much sought after by bird watchers from around the world.

Nov 13, 2019 12:48

Lifestyle

Bhutanese Textiles To Be Exhibited In Paris Trade Fair 2020

The exhibition is an initiative of the EU-Bhutan Trade Support project.

Nov 10, 2019 12:48

Launch Of Karen Greenspan’s Footfalls From The Land Of Happiness: A journey Into The Dances Of Bhutan

The book delves into familiar subjects that are what continues to shape Bhutan’s image.

Oct 05, 2019 10:18

Subscribe to our newsletter

Never miss out on new happenings and news stories!

Download Daily Bhutan Mobile App

Connecting with us just got easier!