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April 22: Startup ecosystem enablers, mentors, investors and entrepreneurs have appealed the government to form a ‘Nepal Covid 19 Start-up Assistance Scheme’ to support the start-ups. According to stakeholders, majority of startups are on the verge of running out of their business.
A committee consisting of entrepreneurs, investors, mentors and academicians have been frequently interacting with the start-ups after the lockdown. Based on interaction and study, it has been revealed that start-ups in the early stage are under the risk of dying and established start-ups with strong market presence are expressing concerns of liquidity crunch.
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The written document mentions that even in a moderate risk scenario, businesses will be compelled to lay off employees in the next 4 weeks, if any relief isn’t provided by the government. “Our request for government response in facilitating the survival of start-ups is not curry-favouring. Rather, there is a strong business case for the need to support these start-ups given how deeply the sector entrenched is for Nepal’s economy in the present and the future,” mentions the document.
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'User' => array(
'password' => '*****',
'id' => '20',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'nroy@newbusinessage.com',
'name' => 'Neeraj Roy',
'email' => 'nroy@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '1',
'created' => '0000-00-00 00:00:00',
'last_login' => '0000-00-00 00:00:00',
'ip' => ''
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '11969',
'hit' => '755'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
