May 26: Butterfly Ventures on Saturday organised the “International Startup Fest 2019” in the capital with a motive to connect the growing Nepali startups with community leaders. According to the organiser, the goal of the event was to ignite an entrepreneurial spirit among the participants and inspire innovation.
“The main theme of this startup fest is to create a proper startup ecosystem in Nepal. The International Startup Fest 2019 is a platform dedicated to connecting the growing Nepali startups with community leaders, academia, incubators and accelerators,” the company said in a statement, adding, “We, Butterfly Ventures, aim to accelerate and incubate new ideas and startups into sustainable business model with continuous mentorship, and guidance from team of experts, groom, and connect them to the other VCs and angel investors.”
Butterfly ventures said it accelerates, motivates and inspires the young and innovative minds, helps to turn grassroots ideas into solutions, and promote entrepreneurial ecosystem to create jobs and drive economic growth.
More than 150 startups pitched their ideas in the Start up Fest 2019, said the organiser.