Startups are innovative ideas which are in the womb stage and require financing and other backups in order to be mature enough to compete in the market. In the developing countries there are many roles of startups. At present the problem of unemployment is gigantic and a headache to the society. The population of unemployed graduates is also large. So, now is the time to support the startups and finance them so that innovative ideas and creations can foster.

Startups should also be prioritized simultaneously with other mega projects because startups can be operated with little financing.

The youths are quick in adopting new technology and boost commoditization. Southeast Asian governments recognize high-gr0owth and scalable startups are going to be the next-gen pillars for their economics, and they’re putting their money towards this future. Malaysia’s government funds MaGIC, an accelerator and community builder which grabbed headlines with its opening attended by US President Barack Obama. Armed with US$11.4 million in funds, MaGIC’s mission is to enable local startups and make Malaysia an attractive destination for expatriate tech companies. Neighboring Singapore is also on an aggressive growth plan. Its government co-invested US$770K in startups with third-party investors, as well as awarding US$178K of grants.

Southeast Asia has gathered attention around the globe with most technology companies having a regional HQ in Singapore to take care of their entire Asian market. Social media giant Facebook has successfully penetrated the market, and Whatsapp, Facebook Messenger, Line, and Viber all serve as the social media and communications platforms for startups to build their customer base on. Global commerce giants such as Rocket Internet’s Lazada, eBay, Alibaba, and Rakuten continue to invest heavily in online shopping expansion -- getting more users accustomed to buying online.

In comparison to the South East Asian countries’ startups, our progress is not satisfactory. The good news is there are some groups such as Microsoft Innovation Center and Rockstart to mentor as well as promote the startups in Nepal. It is good to hear that some startups such as Hraswo, chizBiz.com, fiyodo etc are ready to penetrate the Nepalese market in an innovative way. Let’s cheer them and hope that their energy level would never go down.