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A week with very promising teams, brilliant people from the local universities and amazing supporter – less amazing government actions.

Our work In Nepal was a great finish for our five week Asia Tour on one side and a disappointment at the very last day, at the investor summit.

After an impressive pitch event, the winner teams and organizers, judges and investors all together. The creativity of entrepreneurs is universal. And so is their spirit to find solutions for their local markets first.

Private World Innovations Forum Dinner with representatives from the private and public sector, entrepreneurs, investors and enablers. It’s also a thank you to the amazing work the team has performed in Nepal.

With the introduction of Private Direct Investments, private investors should now able to invest in private businesses, explained Minister for foreign affairs, Pradeep Kumar Gyawali. This would make a huge difference to Nepal’s startup ecosystem.

Nepal’s government representatives explain the new investment strategy, in which industries investments are welcome and up to 7 years tax exemptions to attract as many investors as possible. It was made very clear that with the new investment policies and regulations, the government is introducing major changes, trying to turn to economy around. For the past decades, Nepal was depending on donations. Now that shall change and Nepal will want to stand on their own feed.

However, weeks later the website to register and get approved as an investor did not work. Trying to get support was hopeless. It was difficult enough to figure out which site a prospective investor is supposed to register. Attendees of the event never heard back from the event organizer. Neither how to register nore any next steps. Even our local connections could not figure out whether the new rules are even in effect. So far no progress at all.

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A 3 day global online live event

Today we concluded an amazing 3 day innovation and entrepreneurship power play. Over 500 attendees from over 40 countries joined the online live event and in local ‘public viewing’ events.

Albania, Argentina, Australia, Austria, Azerbaijan, Belgium, Brazil, Canada, Denmark, El Salvador, Germany, Ghana, Greece, Hong Kong, Hungary, India, Israel, Italy, Japan, Liechtenstein, Lithuania, Macedonia, Nepal, Netherlands, Nigeria, Mexico, Norway, Peru, Portugal, Romania, Russia, Singapore, South Korea, Sweden, Switzerland, Taiwan, Ukraine, United kingdom, United States, Uzbekistan, Vietnam.

From physical to digital

What’s the secret sauce for the success? The whole event was online. Last minute we changed the whole format from a physical event which would have been only affordable for the wealthy countries to online – and made the access for free for all attendees. The cost to organize the event was significantly lower, we did not need to fly in 500 people – and feel good about the savings in negative environmental impact, carbon footprint and more than ten thousand hours in aggregate for none productive preparation and traveling.

Live Online Pitch from Nepal

Live presentation of a team of scientists who developed a new method to easily test animal pregnancy and getting results within hours. They don’t need any long lasting clinical tests anymore which would not be economically feasible in many countries. Startup winner from Nepal.

The Whole Ecosystem was here

It was extremely interesting to see innovative startups from various industries, tech, biology, health, and more to present. Investors discussed national and international investment strategies, valuation differences and due diligence processes. Enabler such as incubators, co-working spaces, accelerators, mentors and technology and service providers shared their point of view and how startups from around the world could just go to any space and any enabler and receive help when going global. Government representatives and ambassadors shared what it takes to enter a country and how they can help to make the start and the stay easy and convenient. The 58 sessions in a highly intense 15 minute sequence was a firework of information.

Hot Investor discussion

Investors from all backgrounds explain investment strategies and experiences. Why investing in international startups is attractive but also the obstacles on the legal and taxation side are to be understood. Discussions about valuation, due diligence and what investors expect, how they evaluate and select startups and the best ways for startups to find investors.

Public Viewing of the otherwise global online event

Our ambassadors in Japan, South Korea and Nepal organized global viewing events. The global online event was supported with local on-site events to foster the regional and global community. The Japanese team together with Fabbit, a leading co-working space, organized the perfect show (see below).

Live presentations – streamed around the globe.

Here a startup in Japan is presenting on stage, the event is live streamed to all attendees around the globe, our Judge located in Switzerland listens and asks questions about the presentation. 500 people in 43 countries watch, learn and share.

Going Global – What can be done

Ambassadors from Japan, Vietnam and the team in Switzerland share how startups from around the world can travel around the world and ramp up a business in a new country possibly even within a few weeks.

Amazing Technology – literally from the kitchens of the future

Russian startup presents a new night vision technology, which is very affordable, light weight and easy to install in the next generation of automobiles. Imagine traveling at night and you can watch the scene almost as if it is a bright day.

A new dimension in high tech conferences

There was never any innovation conference of that diverse and complete audience from the whole ecosystem, on a global scale run all online over multiple days. And to be quite honest – most people found it a bad idea “conferences are networking events, it will never work online”. We kind of agreed but we still needed to try (The risk of regretting not trying is greater than the risk of failing). The dynamic of this first little conference is the spark, helping us to completely rethink global conferences.

Where we are going to take it from here?

Strengthening and growing the global community
Building the necessary platform technology and blockchain for permanent connections
Engagement such as discussing individual challenges, questions, ideas, marketing, acceleration, going global and countless other topics.

Please JOIN the community.

Thank you, attendees from 40+ countries, S3-Ambassadors from around the world, speakers, investors, enablers, supporters, and the Society3 dream-team! Also thank you Swisscom for a rock solid 1 Gigabit glass fiber connection directly onto our desk – wow, flawless.

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Our Engagement in Neplal