When Rockstart Impact was introduced to Nepal, we were uncertain as to what path the first accelerator of Nepal would take us. The first batch received applications from 150 entrepreneurs who were hungry for business growth and ambitious to raise an investment for the same. 150 companies were then streamlined to 30 then 15 and eventually 10 who would be the ones going through our program. These 10 companies were then trained for 100 days where we helped them strengthen their vision and understanding of how they can realistically grow their business in a sustainable manner. After witnessing the tremendous success, there was no looking back for us- at all.
The second year managed to surprise us further- with 204 applications in the midst of the Fuel Blockade and soon after the earthquake took us by surprise. Even though Nepal as a country was not doing too good in 2015, the entrepreneurs were ever so keen on growing their businesses and taking them to greater heights. This motivated us tremendously. The entrepreneurs joined our program to grow- and with so much time that they were contributing, we made sure that we kept up to the same level enthusiasm. By the end of October 2016- two years that we initiated our program, 10 entrepreneurs from our program raised an investment totalling over 2 million euros and were making real impact as the real life heroes.
While the excitement from the second batch has not settled down yet, we are ready to welcome the new batch of entrepreneurs! We received a total of 197 applications for the third batch of Rockstart Impact. Currently, we are screening the companies that were selected for the top 30 which was then streamlined to top 15. We will announce the top 10 same time next week! Until then, keep your eyes and ears open for our updates!