Press Release

Graduation Ceremony (Cohort 1)
DHI Business Acceleration Program (DHI BizAP)

Thimphu: The Governor of Royal Monetary Authority, Hon'ble Dasho Penjore was the chief guest for the closing ceremony for the DHI Business Acceleration Program (DHI BizAP) held on 22nd January at DCSI Start Up Center, Changzamtog Thimphu.

As part of the capacity development for existing entrepreneurs, DHI launched BizAP on October 13, 2018 coinciding with Royal Wedding Anniversary of their Majesties. The hands-on advanced level entrepreneurship training was delivered in Thimphu from October 2018 to January 2019 by global experts in innovation and entrepreneurship. The training sharpened entrepreneur's value proposition, defined target market, sought market feedback on product/technology and determined effective business model for an enterprise. 25 entrepreneurs were selected and all participants successfully completed the program. The participants had undergone 33 days of training spread over 3 months with a balanced mixture of face-to face, virtual classes and assignments considering that the entrepreneurs have to focus on their business during the training period.

DHI hired the services of IC2 Institute under the University of Texas, USA as a partner Institute for their proven entrepreneurship training methodology, over which they maintain Intellectual Property rights, and has enjoyed tremendous success in over 30 countries around the world. This international entrepreneurship program has created more than USD $1Billion in economic impact worldwide in the last 10 years. The programs have taught best practices in technology transfer, entrepreneurship, incubation management and commercial acceleration of new enterprises.

Further to ease the access to financing needed for accelerating and expanding the business, DHI has established a DHI Business Acceleration Fund to provide collateral free financing for the entrepreneur's contribution to their business. In the coming week, BizAP graduates will pitch their business plans to the investment panel to secure financial support from DHI Business Acceleration Fund.

In addition, DHI will support the entrepreneurs in establishing mentoring relationships to aid the entrepreneurs in setting up and running their business successfully. Mentoring will pair the entrepreneurs, who have undergone the training program, with local or international entrepreneurs who can offer strategic advice with respect to accelerating the business. DHI will also monitor and evaluate the performance of the entrepreneurs and their businesses from time to time to ensure the success of the venture.