MIT launches global startup labs in Nepal «

MIT launches global startup labs in Nepal

Massachusetts Institute of Technology (MIT), USA, on Friday launched the MIT Global Startup Labs (GSL) in Nepal this summer with Kathmandu University and Ncell. MIT GSL empowers technology entrepreneurs and helps cultivate the startup ecosystem in emerging economies.
The MIT has been conducting the program for the last 18 years in 25 countries promoting economic development by cultivating young technology entrepreneurs, including India and Sri Lanka in South Asia, it said, adding that the inaugural programme has been made possible by Ncell that works towards technological advancement of the country by nurturing young entrepreneurs.
Ambassador of Sri Lanka to NepalSwarnaPerera; Cultural Affairs Officer of US Embassy to Nepal Grace Caroll; Senior Director of Nepal Telecommunications Authority Ananda Raj Khanal; Registrar of KU Prof. Dr Bhola Thapa, MIT Faculty Co-Director for GSLProf SamanAmarasinghe,and Managing Director of Ncell Suren J. Amarasekera jointly inaugurated the MIT GSL in Nepal amid a function in the capital on Friday.
This pioneering programme has been initiated by Ncell in collaboration with MIT and Kathmandu University (KU) as a part of Ncell’s Corporate Social Responsibility (CSR). The course on mobile technology and entrepreneurship, based on MIT’s unique approach, will engage 35 selected KU students and young alumni. The intensive boot camp is led by 4 MIT instructors and is unique in that it is a student to student lab. Commencing June 15 and concluding on August 02, 2018 with a Demo Day that will highlight their team project prototypes. The goal is to both educate students to entrepreneurship and to help foster startups.
“We are delighted to partner with MIT and KU to bring the MIT GSL program to Nepal,” said Suren J. Amarasekera, Managing Director of Ncell. “This is in line with our vision to help nurture ‘technopreneurship’ spirit among young talent through innovation,” he said, adding that the collaboration reflects Ncell’s strong commitment towards facilitating further development of an ecosystem with ‘technopreneurs’ playing pivotal role for the socio-economic advancement of Nepal.
MIT GSL – Nepal will be an intensive 7 week innovation boot camp, where the students will develop startup projects – from ideation stage to execution of technology startups.
Globally, MIT GSL partners with universities and companies in emerging regions and organizes advanced courses taught by MIT instructors. The MIT GSL programme focuses on mobile and internet technologies and are structured so that students are exposed to the commercial possibilities of technologies. Components of the course include detailed technical curriculum, market research, team development, and business model execution, learning to pitch ideas, guest lectures, and networking events, all to help students realize the potential of their ideas. All of this culminates on Demo Day, sponsored by Ncell, with a student teams delivering pitches and prototypes as part of this funded business competition.