Three busi­ness ideas rec­og­nized in Bhutan Startup In­no­va­tion Tech­week

Bhutan Times - - Home - Thuk­ten Zangpo

Thrilled and grilled to their ideas, 15 en­thu­si­asts star­tups show­cased their busi­ness ideas dur­ing the clos­ing of Bhutan Startup In­no­va­tion Tech week pro­gram or­ga­nized by De­part­ment of Em­ploy­ment and Hu­man Re­sources un­der the Min­istry of Labour and Hu­man Re­sources (MoLHR) on 16 Novem­ber in Thim­phu.

In a five min­utes, pre­sen­ta­tion, the startup en­treprenuers were thrilled and happy to present their in­no­va­tive ideas in Biotech, Fin­Tech, EduTech, CleanTech, MediTech, RoboTech, AgriTech and Ar­ti­fi­cial In­tel­li­gence.

Ac­cord­ing to MoLHR , the ob­jec­tive of the event was to pro­vide unique op­por­tu­nity for young aspir­ing en­trepreneurs to demon­strate their ideas and launch ideas into prod­ucts. The event was themed “Pitch­ing your idea and make it to mar­ket in 40 hours in a week,” which pro­vides the youth to take al­ter­nate ca­reer paths.

The win­ner of pitch­ing ideas was bagged by Rosan Ra­saily, 32, an Bach­e­lors in Com­puter Ap­pli­ca­tions grad­u­ate and his team with his idea of a air cooler tech­nol­ogy, Po­lar Brezz. An civil engi­neer, grad­u­ate from Jigme Nam­gyel Engi­neer­ing Col­lege, Deepak Ghal­ley, 26, and his team with his idea of rice trans­plant­ing ma­chine got the sec­ond po­si­tion and Pen­jore Dorji, 33, and his team with his idea of pro­duc­tion of Bhutanese paint­ings through use of nat­u­rally pro­duced col­ors , Bhutan Nat­u­ral Pig­ment Col­oration stood third.

The win­ner of the pro­gram had a cash prize of Nu. 0.1mn, sec­ond with Nu. 75,000 and third with Nu. 50,000.

“I was in­ter­ested in busi­ness, en­trepreneurs and busi­ness was very dif­fer­ent,” Rosan Ra­saily said. He added that en­trepreneurs is all about one­self with one's own ideas.

The idea struck him when he was re­sid­ing in Gele­phu, one of the hottest places in Bhutan. He thought of need of a air cooler, which uses hay and wa­ter to give the air cool­ing ef­fect when his par­ents were not able to use im­ported air con­di­tion­ers be­ing a gout and kid­ney pa­tient. “This air cooler gives sim­i­lar plea­sure of sit­ting near the river banks,” he added. He is look­ing for the land and qual­ity cer­ti­fi­ca­tion of his prod­ucts to be­gan com­mer­cial­iza­tion and plans to ap­ply for funds from pri­or­ity sec­tor land­ing scheme.

An­other young hard­work­ing startup, Deepak Ghal­ley said that he came up with the rice trans­plant­ing ma­chine be­cause of him be­ing a son of farmer, he had ex­pe­ri­enced hard­ships of paddy cul­ti­va­tion be­ing la­bor in­ten­sive and ex­pen­sive. He said his ma­chine is af­ford­able and main­te­nance can be done eas­ily.

“My aim was not to win prize how­ever, it was for, how to sell ideas so that we can earn by sell­ing to the farm­ers, he said”.

He plans to op­er­ate his ma­chine next year and look for funds thor­ough Lo­den Foun­da­tion and Ru­ral En­ter­prise De­vel­op­ment Cor­po­ra­tion Lim­ited.

“With win­ning the award, we have ex­tra re­spon­si­bil­ity,” Pen­jor Dorji said. He urges youths to not look di­rectly for money but if some­one have good idea, look for how to start and get sup­port from the en­treprenu- ers and the gov­ern­ment.

Dur­ing the event, chief guest, Di­rec­tor Gen­eral of Em­ploy­ment and Hu­man Re­sources, Sherab Ten­zin said that econ­omy must pro­vide higher qual­i­ties of jobs and it must come through higher ideas. De­lighted with the ideas, he said that most of the ideas were low risk with high re­turns, and very rel­e­vant to time.

“We al­ways think about jobs, we have to take jobs, we have to have cre­ator of jobs,” he added.

The top 10 fi­nal­ists will be taken to Startup Ac­cel­er­a­tion pro­gram for three months and by the end of third month they will be launch­ing their prod­ucts and ser­vices in the mar­ket.

There were 83 par­tic­i­pants who reg­is­tered for the event. How­ever, only 50 turn up for the event and 21 pitched their ideas. A week long pro­gram be­gan on 12 Novem­ber.

The win­ners from left: Pen­jor Dorji (Third), Rosan Ra­saily (First) and Deepak Ghal­ley (Sec­ond)

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