How can we apply for the program?
to apply for the program. The deadline for this years program is 31 August. However, we are also taking rolling application for later programs.
When will the program run?
The deadline for the application for this year is 31, August. The program will run from 14 November to February.
What type of companies are you looking for?
We typically look for companies that have been operating for at least 2-3 years with a balanced and skillful management team. We primarily encourage companies that provide innovative solutions for the demanding sectors such as food and agriculture, health-care, and energy to apply to our program. We are also open for companies outside our focus area. We are looking for companies that are producing sector disruptive products and services. Whats important is the company should show high potential in scaling up their operations.
What does it take to get accepted to Enterprise?
Since our program is extremely intense we look for entrepreneurs that are dedicated and really willing to accelerate their businesses. To get accepted, your company first needs to be legally registered entity with a track record of at least two years of operations. We would like interested companies to fill in the application form with as much detail as possible. This is a great way for us to learn more about your company and to see if you are a right fit for the program. If you make it to the next round, then we shall be conducting interviews and site visits.
Are there geographical restrictions in applying for Enterprise?
For starters, you need to be an entrepreneur with a company that is based in Nepal, and it is convenient if your company is based inside Kathmandu valley. However, as long as you show certain level of commitment towards the program and are able if you are able to spend 4-6 hours every week during the program you are welcome to apply regardless of where you come from.
Is there a minimum age for the participants to be eligible for this program?
Priority is usually given to applicants aged between 25-40 years. However, a businesss age and future potential are our prime interests.
We only have an idea, is it too early stage to apply?
We love ideas, but theyre alone not enough to get you accepted in Enterprise. In order for us to help you get the most of the program were primarily looking for companies with track records. Only companies that have developed at least an MVP (minimal viable product); have customers or users and some traction can apply.
What if someone steals my business idea?
All of our mentors, instructors, and the companies in the program will be signing a Non-Disclosure Agreement (NDA), restricting what they can talk about regarding the program and the companies. However, this does not necessarily ensure that your idea will not ever get discussed in public.
We believe that more than idea, execution is the key to success with every business venture. Your ability to execute and deliver on plans and ideas that you have will only be better after the program.
Will we need to write a business plans?
Although a business plan will help us assess your commitment and vision for the company, it is not a requirement for the program. In the program you will be guided to prepare a Business Model Canvas which will help you reassess and think about your business plan in a great detail.
Do you enroll more than one business operating in the same industry at the same time?
We do enroll more than one business operating in the same industry at the same time, but only if the business has distinct products/services offering. Each of the business will be judged on their own merits to determine if they will be a good fit for Enterprise.
Is there a limit to the number of participants from one company?
Only one person can participate per company, and they must be the founder of the company.
We are not looking for investment. Can we still apply?
No. Since, the accelerator program aims to speed up the growth process by helping companies raise capital from investors and overcome issues within their business models.
What is the main benefit of being a part of Enterprise?
Enterprise helps make businesses investment ready by developing internal resources, recessing business models, and realigning company goals. The wide network of industry experts allows participants to not only lead the company with good governance but also helps them form connection that they use later on.
How much time do I have to commit?
The program is for a period of 3 months, and, will consist of in-class modules, networking events, and occasional field visits. One should plan for an involvement of around 4-6 hours every week during the program.
Does Enterprise invest in the companies that they accept in the accelerator program?
The primary purpose of the program is to create investment-ready companies and allow the companies to pitch their business to a large number of investors on the Demo Days. One to Watch, the investment management company has recently launched a new fund NIIC- 2, the acceleration program will also act like a pipeline to source companies that fit their investment objectives.
How much investments can we expect after the program?
The program will help you come up with a financial projection. Based on the financial projection, our partners may offer to take up to 49% stake in your company.
Generally an investment can range between 2-3 crores per company.
How can we attract investors through this accelerator program?
Through the program the companies will have the opportunity to retune their business plans to become attractive to potential investors. In addition, the accelerator program concludes with Demo Days in Nepal, Amsterdam and London, where companies are given the opportunity to present their business plans to the national and international investors. Even after the Demo Days, alumni companies can access Enterprise’s resources and reach out to investors.
How much does the program cost?
The cost of the program will be Rs. 250,000/-
How is the money spent?
The money is spent on the participants themselves. The money is used to hire professionals in order to conduct the Due Diligence Audit (DDA) of the participants. Moreover, the sessions provided by the highly skilled instructors from different areas of expertise have to be managed as well. The networking sessions of the lunches and dinner are also significant part of the expenses.
The money is also used to finance the expenses of the Demo Days in Nepal, Amsterdam and London. We also hire professionals in order to produce videos of the participating companies which can be used later during the Demo Days and elsewhere as well.
I have more queries.
Please feel free to contact us at firstname.lastname@example.org
if you have questions regarding the program.