Bhutan Entrepreneurship Festival’-In building intelligent business culture
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.