DHI BizAP en­trepreneur­ship train­ing be­gins

Business Bhutan - - Nation - Yen­ten Thin­ley from Thim­phu

The Druk Hold­ing and In­vest­ments Lim­ited (DHI) will for­mally open the train­ing un­der the DHI Busi­ness Ac­cel­er­a­tion Pro­gram (DHI BizAP) at the Start-Up Cen­ter in Changzam­tog, Thim­phu, be­gin­ning to­day.

As man­dated by its Royal Char­ter to pro­mote and en­cour­age en­trepreneur­ship and busi­ness devel­op­ment through ven­ture cap­i­tal and other re­quired in­sti­tu­tional sup­port, DHI has hired IC2 In­sti­tute un­der the Univer­sity of Texas, USA to con­duct the 33-day train­ing, spread over three months with a bal­anced mix­ture of face-to face, vir­tual classes and as­sign­ments, for se­lected en­trepreneurs.

Ac­cord­ing to the press re­lease is­sued by DHI, one im­por­tant com­po­nent of DHI BizAP pro­gram is train­ing and that the train­ing will tar­get those en­trepreneurs that al­ready have busi­nesses or en­trepreneurs that are in the ad­vanced stage of launch­ing their busi­nesses.

While many ba­sic start-up en­trepreneur­ship train­ing cour­ses are be­ing pro­vided in the coun­try, DHI de­scribes the train­ing un­der DHI BizAP pro­gram as a higher level struc­tured train­ing with the fo­cus on com­mer­cial­iz­ing busi­ness ideas and launch­ing busi­nesses in the mar­ket.

“In ad­di­tion, the train­ing will also in­cor­po­rate a learn­ing/ net­work­ing tour. Trainees per­form­ing well dur­ing the train­ing will be iden­ti­fied for re­gional tour to aid en­trepreneurs in de­vel­op­ing the nec­es­sary skills, knowl­edge, net­work, mar­ket, etc. that will en­hance and grow their busi­ness,” states the press re­lease.

And with ac­cess to fi­nanc­ing con­sid­ered a ma­jor con­straint in en­trepreneur­ship pro­mo­tion, DHI, to ad­dress this, will re­port­edly sup­port en­trepreneurs in sourc­ing their eq­uity con­tri­bu­tion to the pro­ject.

DHI, ac­cord­ing to the press re­lease, will pro­vide a max­i­mum amount of Nu 500,000 with an ad­min­is­tra­tive fee of 5% per an­num. DHI will not ex­pect any in­ter­est or col­lat­eral from the en­tre­pre­neur and it will not hold any own­er­ship in their busi­nesses.

“En­trepreneurs will be re­quired to re­pay the prin­ci­pal amount only. All en­trepreneurs un­der­go­ing the DHI Busi­ness Ac­cel­er­a­tor train­ing pro­gram will be given an op­por­tu­nity to pitch their busi­ness to the Busi­ness Ac­cel­er­a­tor Fund panel,” states the press re­lease.

Once en­trepreneurs fin­ish train­ing and avail fund­ing, DHI will also sup­port the en­trepreneurs in es­tab­lish­ing men­tor­ing re­la­tion­ships to aid the en­trepreneurs in set­ting up and run­ning their busi­ness suc­cess­fully.

DHI rea­soned that the aim of men­tor­ing is to pro­vide nec­es­sary ad­vi­sory ser­vices to en­trepreneurs to sup­port them in start­ing or ex­pand­ing their busi­ness ven­ture and that men­tor­ing will pair the en­trepreneurs, who have un­der­gone the train­ing pro­gram, with lo­cal or in­ter­na­tional en­trepreneurs, who can of­fer strate­gic ad­vice with re­spect to the launch of a new ven­ture.

DHI will also make avail­able its ex­perts to pro­vide sub­ject spe­cific men­tor­ing such as HR, le­gal, accounts, etc, ac­cord­ing to the DHI press re­lease.

Mean­while, the train­ing will be de­liv­ered by global ex­perts in in­no­va­tion and en­trepreneur­ship us­ing the proven and patented IC2 en­trepreneur­ship train­ing method­ol­ogy and only 15 best busi­nesses will be com­pet­i­tively se­lected based on the se­lec­tion cri­te­ria used by IC2 In­sti­tute of or for this train­ing co­hort.

Chief Ad­vi­sor of the In­terim Gov­ern­ment, Chief Jus­tice Tsh­er­ing Wangchuk, graced the sil­ver ju­bilee cel­e­bra­tion of the Royal Se­cu­ri­ties Ex­change of Bhutan on Thurs­day morn­ing.

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