“Meet our Jury Panel"

Naresh Prasad Shrestha

Principal of Prime College

Naresh Prasad Shrestha is the founder principal of Prime College overseeing entire operations (Academic, Financial & General Management) of Bachelor & Plus 2 programmes of the college. He has been involved and worked as a member of City Planning Commision of Kathmandu Metropolitan City for Policy development and implementation of Municipal Financial Management. He is also the President of Nepal Shotokan Karate Association(SKIF) and advisor of Higher Secondary Schools of Association Nepal (HISSAN).

Siddhant Raj Pandey

Chairman and CEO of Business Oxygen (BO2) Pvt Ltd

Siddhant is the Chairman and CEO of Business Oxygen (BO2) Pvt Ltd. a Venture Capital fund promoted by International Finance Corporation (IFC), a member of the World Bank Group. He has been a banker for over two decades, having worked with Merrill Lynch in New York and London and with Riggs Bank in London. He was CEO of Ace Development Bank for over eight years, a bank, which he set up. He was the Chairman of the Credit Information Bureau. He is also involved as a member of the Board of the Central Renewal Energy Fund, a government organization that invests and monitors on renewal energy. He is also the Chairman of White Lotus Centre, a private sector development consultancy company

Suresh Simkhada

Managing Director of Meeting Point Pvt. Ltd

Suresh Simkhada is the Managing Director of Meeting Point Pvt. Ltd contributing the Nepali Media sector with the quality of production, broadcasting and transparency in serving the society. He is also the director of Gateway Enterprises and Moving Up suppliers.

Selected Ideas for Phase II



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“Guidelines for participation in The Idea Challenge"

One of UNDP’s core goals is poverty reduction, and one of the ways that UNDP has been achieving this objective has been by creating employment and income opportunities through the development of enterprises and entrepreneurship in Nepal. The Idea Challenge, a collaboration between UNDP Nepal and MIC Nepal, aims to realize this objective by inviting the submission of business / enterprise ideas that uses local resources, attracts youth investors, generates local employment and benefits the society at large. There will be prizes for the best ideas but UNDP will not be responsible for funding these ideas.

To assist you, we offer the following general guidelines on the kind of ideas that we are looking for:

  • Ideas means products and services that have a market demand
  • Ideas should be Nepal based i.e. no overseas / imports businesses
  • The investment required should be reasonable and not exceed NRs. 10 Lakhs (although there may be possibility of scale up). UNDP will not be responsible for generating funds for investment.
  • The ideas should be feasible and practical i.e. can be implemented immediately if anyone shows an interest to invest
  • The ideas should be sustainable i.e. environment friendly, financially profitable and therefore self-sustaining in the long term
  • Ideas which are business products / services and have positive social benefits will be given higher consideration (e.g. organic food or green products).

Essentially, we want ideas for enterprise that have social benefits and contributes to local development. And these ideas should be based on sound business plans that are feasible, practical, sustainable and with a proven market demand.

We look forward to your participation in the Idea Challenge – good luck!!