The Department of Employment and Entrepreneurship invites aspiring entrepreneurs and students to participate in Bhutan New Venture Challenge, 2023. Bhutan New Venture Challenge is a business idea competition like program designed to help aspiring entrepreneurs materialize their business ideas into reality and help students experience entrepreneurship.

Bhutan New Venture Challenge 2023 has two categories:

1. STUDENT CATEGORY

The student category is for students to showcase business ideas that can be operated within their institute. Students from Higher Secondary Schools, Middle Secondary Schools, TVET Institutes and colleges are encouraged to apply.

The theme for the student category is “Sustainable Ventures for a Sustainable Tomorrow”.

1. Eligibility

The eligibility criterion for the student category are as follows:

1. Must be a business idea that is to be established and operated immediately
2. Must be a student or a group of students representing the institute or studying in the school at the time of application

• Cannot be students who have won BNVC 2020 and 2022 edition

1. Cash Prize

Bhutan New Venture Challenge 2023 has set Nu. 100,000 for the Top 3 business ideas for the student category.

1. Application Template

To participate in the student category, you must use this template (Application Template). If you do not use this template then your entry will be screened out.

1. How to Apply?

To participate in BNVC student category, kindly fill up the template and submit via this link: BNVC student category Form…

1. Deadline

The deadline for submission of entries is on 28/02/2023 at 09:00 PM BST.

1. GENERAL CATEGORY

The general category is an open category for aspiring entrepreneurs to showcase their innovative venture ideas that will be pursued for establishment. This year, BNVC is adopting the theme:

“Ventures Promoting Self-Sufficiency”

 Therefore, aspiring entrepreneurs are encouraged to align their venture ideas with the above theme.

1. Eligibility

The eligibility criterion for the general category are as follows:

The eligibility criterion for the category are as:

1. Must be a citizen of Bhutan
2. Should not be an expansion business idea (A business idea to build on an already operational business)

• Should have the willingness to establish a business entity

1. Should not be the winners of BNVC 2020 and 2022 edition
2. Should not be an employed individual
3. Cash Prize

Bhutan New Venture Challenge 2022 has set the following cash prizes for the general category:

1. Application Template

To participate in the general category, you must use this template (Application template). If you do not use this template then your entry will be screened out.

1. How to Apply?

To participate in BNVC general category, kindly fill up the template and submit via this link: BNVC general category form…

1. Deadline

The deadline for submission of entries is on 28/02/2023 at 09:00 PM BST.

Have queries? Please refer the FAQ here…

For additional enquiries or clarifications please call 02-326731/326733 during office hours or email to Sangay Wangchuk, program officer at sangayw@molhr.gov.bt

The Department of Employment and Entrepreneurship invites aspiring entrepreneurs and students to participate in Bhutan New Venture Challenge, 2023.

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