Rural Enterprise Acceleration Project (REAP) strives to nurture a thriving community-based entrepreneurial ecosystem in Nepal by supporting high-growth entrepreneurs in agriculture, IT and tourism sectors through its four signature components:
Daayitwa Enterprise Challenge (DEC)
In every selected district, together with a local partner NGO, REAP will visit all villages and municipalities to encourage applications from high-potential SME entrepreneurs. REAP will collaborate with local media (e.g. FM radios and newspapers) as well as community leaders for public outreach. Youth, women and minority groups will be particularly encouraged to apply. From the application pool, top 40 entrepreneurs will be prescreened and top 20 will be selected through mobile phone and facebook voting. Finally, a jury comprised of local community leaders, business experts from private sector and academia, as well as relevant government authority figures, will conduct onsite visits and public interviews to identify 10 winners.
Community Innovation Lab (CIL)
Community Innovation Labs will be district hubs that will work at community level for creating a thriving enterprise ecosystem. Through CILCIL the DEC winners will receive funding, enterprise training, entrepreneurship fellowship, technological assistance, mentorship and networking over a year.CIL will facilitate leadership coaching, custom-made for Nepal with guidance from Harvard Professors, to all entrepreneurs and partner NGO leaders, who, in turn, will organize local youths and stakeholders to nurture supportive enterprise ecosystems. CIL will also provide coaching to the DEC entrepreneurs for providing enterprise and leadership trainings to other local youth in their communities. CIL will seek to collaborate with public and private stakeholders in the selected districts to prevent duplication of efforts in promoting enterprise development. Together with public entrepreneurship service providers such as MEDEP and Department of Cottage and Small Industries, CIL will conduct livelihood trainings on local production possibilities and skills development entrepreneurs.
Regional Innovation Lab
Daayitwa will create and connect regional clusters of CILs CILs through a Regional Innovation Lab to facilitate peer consultations, build knowledge-base, identify enterprise bottlenecks and advocate for policy reforms. The RILs will be based out of a urban city which is the resource hub for the selected district cluster.
Women Rural Enterprise Acceleration Program
Daayitwa recently launched its first Women Rural Enterprise Acceleration Program on April at Palpa. The main aim of WREAP is to promote and encourage women entrepreneur’s participation in Daayitwa’s aim to build a movement of young rural entrepreneurs who accelerate their innovations and nurture entrepreneurial communities for a thriving Nepal. Read More