Kathmandu, Feb 4 (NationPress) Founders of Nepali startups who were part of a training and exposure initiative within India’s vibrant startup ecosystem noted that their participation was a pivotal moment that enabled them to advance from initial stages to market-ready innovations.

About two dozen Nepali entrepreneurs engaged in an eight-week, fully funded training and innovation program under the India-Nepal Start-up Partnership Network (IN-SPAN), which wrapped up in late January.

This initiative was launched by the Indian Embassy to strengthen collaboration and networking among startups from both nations.

Throughout the program, nine Nepali startups were granted incubation and investment opportunities from the IIT Madras Incubation Cell and IIT Madras Pravartak, organized in partnership with the IIT Madras Pravartak Technologies Foundation in Chennai, as reported by the Embassy.

On Wednesday, participants shared their insights at an event titled 'Nepal-India Startup Sambad', organized by the Nepal-India Chambers of Commerce and Industry (NICCI).

They emphasized opportunities including access to advanced laboratories, engagement with investors, assistance in product refinement, and exposure to global best practices.

NICCI stated, 'The successful acquisition of exclusive investment and incubation offers by nine startups from prominent Indian incubation platforms demonstrates the growing potential of Nepal’s innovation ecosystem and highlights the importance of regional collaboration.'

NICCI President Sunil K.C. reiterated the Chamber's dedication to placing innovation and entrepreneurship at the forefront of Nepal-India economic relations.

He underscored the necessity of cross-border startup collaborations to enhance regional competitiveness and bolster youth-driven economic growth.

Umesh Kumar Gupta, Executive Director of the Industrial Enterprise Development Institute Nepal, underscored the crucial role of institutional support, policy alignment, and capacity-building measures in developing startups into globally competitive enterprises.

The Industrial Enterprise Development Institute Nepal acts as the government entity supporting Nepali entrepreneurs in scaling their businesses.

As part of the inaugural IN-SPAN program, Nepali participants attended lectures and workshops from esteemed faculty members of IIT Madras and seasoned startup professionals.

They also interacted with key figures from Indian startups, acquiring valuable insights and practical feedback.

Participants underwent skill development training in critical technologies such as artificial intelligence, semiconductors, and solar photovoltaics, further refining their expertise through internships with relevant startups in India, as noted by the Indian Embassy.