A memorandum of understanding has been signed between the Faculty of Management, Tribhuvan University and the Idea Studio Nepal to boost educational entrepreneurship and start-ups. The initiative means to develop cooperative education, research and strong entrepreneurship system, it has been said.

As per the MoU, both the parties will work with local communities to create awareness about entrepreneurship and start-ups while encouraging community participation in the start-up system. They will launch banking literacy programme and help in facilitating seed investment and manage concessional and financial investment for aspiring entrepreneurs.

“It is an important step initiated in cooperation with the Idea Studio Nepal, which help promote entrepreneurship and the concept of start-up in students and the Faculty members. We aim to create a dynamic entrepreneurship system through our joint efforts, which will give a creative boost, encourage assistance and create the way for sustainable development,” said Prof Dr Dilli Raj Sharma, Dean of the Faculty of Management.

Executive President of the Idea Studio Nepal, Dr Tshering Lama said that the agreement has given a ray of hope. “This agreement has initiated an exciting journey for developing new inventions and practicing sustainable entrepreneurship.”