Dear FOSSians, I am sure, some of you know this already, anyway for those who are not informed about it would find it interesting. Fortune Cookie Ventures Pvt Ltd is launched in Nepal to develop ICT sector by Some prominent Nepali IT entrepreneurs. (detail below)
Also I think we can have a sharing session with Sanjib dai, Bijay dai and the team whenever possible as our FOSS ka kura or any other program. Regards, Hempal Shrestha ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Source: http://www.nepalnews.com/contents/2007/englishmonthly/businessage/jan/bznews.php Venture Capital Company to be Set Up Some prominent Nepali IT entrepreneurs have revealed that they are setting up a company in collaboration with a US party to take up venture capital business. Being registered as Fortune Cookie Venture (P) Ltd., the company will initially operate as an incubation centre in accordance with the government programme of business incubation. The incubation centre of the company will be located in Bishalnagar, Kathmandu . "Meanwhile, we expect the venture capital law to come into force as the government has already announced in the budget speech last July that a favourable environment will be created for venture capital," said Rajesh Shakya, the CEO of Hi-tech Valley, and one of the investors in Fortune Cookie. America 's Intelligent Capital LLC, with a 20-year experience in this field, will provide the technical and managerial support while the Rs. 100 million planned to be invested during the next two years will be contributed by the Nepali promoters. "As we lack incubation knowledge, we want their advice and expertise," says Dilip Agrawal of World Link, one of the investors in the Fortune Cookie. Shakya says that the plan is to develop 20 to 100 IT businesses in Nepal during this period. The company will utilise the IT manpower produced in the country, says Sanjeev Rajbhandari of Mercantile, another promoter. According to statistics, more than 4,000 IT graduates are produced in the country each year. Other promoters are Bijay Krishna Shrestha (Beltronics), Nabin Joshi (World Distribution) and Dipesh Pradhan (Yomari). ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Source : http://www.nepalnews.com/archive/2007/feb/feb08/news12.php Fortune Cookie Ventures Pvt Ltd launched to develop ICT sector Leading IT Entrepreneurs of Nepal have launched First Incubator and Venture Capital Company entitled Fortune Cookie Ventures Pvt Ltd in Nepal with the aim to provide incubation and venture capital to deserving innovators with promising ideas in the ICT sector, thus contributing to the overall development of ICT in Nepal According to information given at a press conference in the capital on Thursday, Fortune Cookie Ventures Pvt Ltd, is an international joint venture set up by successful ICT entrepreneurs of Nepal and Intelligent Capital LLC, a US-based international venture capital company. The company intends to invest up to Rs. 100 million in Nepal's ICT sector over the next 2 years through its activities. By creating successful ventures, the company would attract much needed foreign investment into the ICT sector and create new employment. Speaking at the press conference, one of the Directors of the Fortune Cookie Ventures Pvt Ltd and Director of Mercantile Group, Sanjib Raj Bhandari said the project was launched with the aim of promoting innovating ideas for the development of ICT sector of the country. He further said that as the Nepalese IT market has not been able to use all IT graduates of the country, the new venture would be beneficial for motivating IT graduates to use their innovative ideas and set up new IT ventures. He also added that other sectors could also get inspiration from the venture of the IT sector. Organisers informed that they would call for proposals of innovative ideas and a selection committee would go through the proposals and provide necessary assistance to prospective proposals to develop the idea and to set up new IT venture. CEO of Worldlink Communications Pvt. Ltd. Dileep Agrawal also said the venture was set up to use IT experts for the development of the country. Fortune Cookie Ventures is promoted by Director of Mercantile Group Sanjib Raj Bhandari, Chairman of Beltronix Bijay Krishna Shrestha, Chairman of WDN Group Navin Joshi, CEO of Worldlink Communications Dileep Agrawal, Chairman of Hitechvalley iNet Pvt Ltd Rajesh Kumar Shakya and COO of Yomari Deepesh Pradhan. nepalnews.com pb Feb 08 07 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Best Regards, Hempal Shrestha ________________________________________________________________________________ Program Officer Bellanet Regional Secretariat, Asia SAP-I, P.O. Box:23025 , Sanepa, Lalitpur, NEPAL Tel: 00977-1- 5522234 / 5528612 (Extn: 106) Fax: 5553126 Email: [EMAIL PROTECTED], [EMAIL PROTECTED] Website: http://www.bellanet.org http://www.sapint.org http://www.asia-commons.net ________________________________________________________________________________ --~--~---------~--~----~------------~-------~--~----~ FOSS Nepal mailing list [email protected] http://groups.google.com/group/foss-nepal Community website: http://www.fossnepal.org/ -~----------~----~----~----~------~----~------~--~---
