College Idea Hunt 2020 winners awarded cash prize

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Three winning ideas of College Idea Hunt 2020, Team Vermi, Black Soldier Fly and Body Love Nepal were handed over cash prize of Rs 1, 00,000 at an event held at Idea Studio Nepal Office, Balkumari on October 23, 2020. The winners were selected out of top 10 shortlisted ideas at the grand finale event of College Idea Hunt 2020 ‘I HAVE AN IDEA’ held virtually on zoom. The three winners also received direct entry to Idea Studio Season 5 incubation programme and television show.

Dr. Tshering Lama, Executive Chairperson and Co-founder at Idea Studio Nepal handed over the cash prize to the three winning ideas. The event also saw the virtual presence of Dr. Ghana Shyam Gurung, Country Representative WWF Nepal, Eco-Impact partner of Idea Studio Nepal.

The event was attended by Idea Studio Nepal staff members along with representatives of Team Vermi, Black Soldier Fly and Body Love Nepal. At the event, Dr. Lama admired the three winner’s work and enthusiasm  and expressed, “It is wonderful to see the dedication and passion of the winners in the work they’re doing. This is just the beginning of the entrepreneurship journey for the winning ideas. We are looking forward to having them at the national level incubation and observe their growth.”

 

 

Similarly Dr. Gurung also delivered words of encouragement to the winners and congratulated them and shared, “All three of the winners are in good hands at Idea Studio Nepal. The cash prize will add a spark to your works while you continue to grow your ideas.” He further added, “At a time when youths are going abroad you are doing something in your own country. While many have ideas, they have not been able to find the right business connection. You have found the right place to grow your ideas.”

During the programme, representatives of the three winning teams also shared their future plans, business challenges and ideas with Idea Studio Nepal. As per Hridendra Raj Joshi, Co-founder at Black Soldier Fly his team plans to invest the amount received to build a rearing unit structure for the black soldier fly. Similarly,Team Vermi is planning to invest the cash prize to buy screening machines used to extract vermi compost and manure test-kits. Reshma Kansakar, Founder at Body Love Nepal shared that she will be spending the received amount on improving Body Love Nepal’s product packagings and completing the registration process.