Bhutan En­trepreneur­ship Fes­ti­val’-In build­ing in­tel­li­gent busi­ness cul­ture

Bhutan Times - - Front Page - Thuk­ten Zangpo

The sweet­ness of freshly baked cook­ies to the strik­ing minia­ture arts tagged ‘ Made in Bhutan' along with about 30 other en­trepreneurs added the fes­tive look to the first Bhutan En­trepreneur­ship Fes­ti­val ( Druk Tshon­grig Ga­toen) which con­cluded at the clock tower square yes­ter­day.

This fair saw the lo­cal en­trepreneurs fea­tur­ing their prod­ucts and ser­vices. To take be­yond Thim­phu, the ed­u­ca­tional in­sti­tutes across the coun­try also cel­e­brated the three days fes­ti­val with se­ries of sem­i­nars.

Ac­cord­ing to Lo­den Foun­da­tion, Tshon­grig refers to ‘ in­tel­li­gent busi­nesses and en­tails a cul­ture of busi­ness and en­trepreneur­ship in­fused with in­tel­li­gent pro­duc­tion and con­sump­tion. The global com­mu­nity in gen­eral, with its aim for Sus­tain­able De­vel­op­ment Goals, and Bhutan in par­tic­u­lar, with its pur­suit of Gross Na­tional Hap­pi­ness, is earnestly call­ing for the pro­mo­tion of in­tel­li­gent busi­nesses.

This cel­e­bra­tion aims to ex­pose young Bhutanese to en­trepreneur­ship, and pro­vide a plat­form for com­mu­nity to come to­gether to share en­tre­pre­neur­ial en­deav­ors, ex­pe­ri­ences, gain amaz­ing new in­sights, and pledge to be­come an in­valu­able part of the ever thriv­ing start- up ecosys­tem in Bhutan.

The en­trepreneur­ship pro­gram calls for a na­tion's pros­per­ity and progress de­fined mainly by the state of its econ­omy, which in turn de­ter­mines by the vigor and virtue of its en­tre­pre­neur­ial cul­ture and busi­ness en­ter­prises. Thus, in­tro­duc­ing the con­cept of en­trepreneur­ship to new be­gin­ners, to in­spire fu­ture en­trepreneurs, and cel­e­brate na­tion's en­trepreneurs and start-up com­mu­nity.

Grac­ing the event, the chief guest, gov­er­nor of Royal Mone­tary Author­ity (RMA), Dasho Pen- jore shared his heartfelt sup­port for the youth to take up en­trepreneur­ship. He urged to en­gage youth be­cause of the good en­vi­ron­ment and com­pas­sion­ate lead­er­ship Bhutan has.

“Ev­ery young peo­ple in the coun­try should have busi­ness knowl­edge, busi­ness in­stinct and that should match with the sup­ply,” Dasho Pen­jore said high­light­ing on hav­ing ad­e­quate sup­ply side and wants ef­forts from the de­mand side. How­ever, he in­sisted on be­ing a re­spon­si­ble bor­rower.

The RMA also looks for­ward for the en­trepreneurs to sell their prod­ucts in the in­ter­na­tional mar­ket and the author­ity is in the stage of devel­op­ing pay­ment gate­way.

The pres­i­dent and founder of Lo­den Foun­da­tion, Dr. Karma Phuntsho said that the new chal­lenge in this cen­tury is youth un­em­ploy­ment and eco­nomic de­pen­dency.

“We want to make the no­tion of en­tre­pre­neur- ship and make young peo­ple think dif­fer­ently, in­no­va­tively, cre­atively from early years,” he said.

Sharing the ob­jec­tives of the fair, he said that the fair would help those ab­so­lute be­gin­ners who are not fa­mil­iar with en­trepreneur­ship or who have not even heard of the en­trepreneur­ship.

The other ob­jec­tive was to help the as­pir­ing en­trepreneurs to take the jour­ney for­ward by se­ries of train­ings and work­shops by ex­perts, he said. He added that fair also aimed to en­gage the ex­is­tence of suc­cess­ful busi­nessper­son to come and cre­ate a new cul­ture and busi­ness in Bhutan that is so­cially re­spon­si­ble, eth­i­cal, en­vi­ron­ment friendly and cul­tur­ally sen­si­tive.

Dr. Phuntsho wants to take the en­trepreneur­ship peo­ple- cen­tric, par­tic­u­larly youth who are struggling for the di­rec­tion of life in pro­grams lo­cally ap­pli­ca­ble.

The fair also saw dis­cus­sion to ad­dress the cur­rent chal­lenges faced by Bhutanese en­trepreneurs and start- ups and it en­sured en­gag­ing all play­ers in the en­tire spec­trum in strength­en­ing en­tre­pre­neur­ial ecosys­tem in Bhutan.

This event brought to­gether en­trepreneurs, thinkers, pol­icy mak­ers, and non- gov­ern­men­tal or­ga­ni­za­tions to spread the aware­ness on en­trepreneur­ship, em­power and ed­u­cate Bhutan's up­com­ing gen­er­a­tion of po­ten­tial en­trepreneurs.

Co­in­cid­ing with the event, a book by Lo­den Foun­da­tion; “Made in Bhutan- En­trepreneurs Sto­ries” was launched.

The event was or­ga­nized by the Lo­den Foun­da­tion in part­ner­ship with United Na­tions in Bhutan, Min­istry of La­bor and Hu­man Re­sources, Min­istry of Eco­nomic Af­fairs, Thim­phu TechPark, Bhutan Cham­bers for Com­merce and In­dus­try, Ru­ral En­ter­prise De­vel­op­ment Cor­po­ra­tion Ltd. and Bhutan As­so­ci­a­tion of Women En­trepreneurs.

Co­in­cid­ing with the event, a book by Lo­den Foun­da­tion; “Made in Bhutan-En­trepreneurs Sto­ries” was launched.

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