Entrepreneurship in IT Sector

 Essay 17 : DELTA Essay Writing Competition

Engineering Entrepreneurship in Nepal 

by Aashish Karn, BCT, ERC, 3rd Semester

Entrepreneurship is a process of strategic development of an idea into a business model that should have an impact on individuals, society, and community level in various possible ways. Entrepreneurship is always envisioned with the risk-taking environment in ever changing and competitive marketplace. An entrepreneur is one with a determination of prevailing in the market with overcoming failure through innovative ideas. Also, to making large revenue on a big scale through the entrepreneurship idea, it should also create the environment favorable for small scale which inbounds people of different backgrounds and diversity and in turn uplifts the economic and social state of one’s nation. In a nutshell, “Any business idea which is capable of generating revenue by the uplifting standard of living and scattering its light to the appreciable development in the socio-economic ground is an entrepreneurship idea”.

Entrepreneurship intends to bring a rise in the socio-economic aspects. So far, engineering has its ultimate goal to bring smoothness in current system and seek for change toward development. Entrepreneurship and engineering are likely to support each other. However, Nepal is still in the way for digital development, lacking the ample infrastructure in a variety of technical aspects. 

Almost all Computer engineers have adequate knowledge of technology which are running worldwide. we can’t boycott the economy of developed countries mostly due to the success of the digital business companies. The successful manifestation of companies like Coursera, Microsoft, Amazon, etc should not be avoided.

Taking account of digital sector development in Nepal, entrepreneurship in the IT industry has a huge potential. So far, getting concerned with the individual as well as the nation’s development we must seek for independence as possible. Since, other countries has achieved a good rank in common but effective system implementation, we still lack them. Rather than buying products supported from foreign countries such as Daraz, entrepreneurship should be sighted toward development of companies based in our own country avoiding taxation to other countries by extending vision of engineering knowledge. As a matter of fact, earthquakes, landslides are no far from us. Vulnerability in education always surrounds us. Active internet manifestation at cheaper rates is becoming a preliminary need in Nepal. Entrepreneurship with the vision of digital courses with an active team for online classes can make reasonable impact in helping the system of school education not only in difficult times and but in general days as well. As poverty is also a base fact considering Nepal, not everyone can approach to various entrance preparation institutes for engineering, medical, etc so a startup with a system comprehending online entrance classes would be financially affordable for our community instead of paying plus in hostels as well. Taking together, a system of online classes and education with variety of facilities in our country is seeking its existence. So, entrepreneurship regarding computer engineers with the collaboration of various officials keeps tremendous potential.

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Thinking as an entrepreneur in the country of ample physical diversity as well as low economical trend, convincing investors would be one of the valiant challenges. Nepal has never adopted the trend of the online teaching system before. It would need the cooperation of brilliant commercial manpower who could analyze the promising outcomes of such entrepreneurship ideas. Students and other learners buy courses from foreign companies such as Udemy. It would be somewhat difficult to win their trust in Nepal based company and accentuate toward our product and here comes the contend for an entrepreneur. In vision of extending the digital works in various physically challenging places, as well as low literate areas, would be nearly impossible. However, as an engineer and as an entrepreneur both requires erudite in problem-solving skills along with the ambition to develop the business as well as the nation’s economy, the System should be made approachable in whole Nepal.

In conclusion, entrepreneurship ideas are always subject to risk in one’s startup but reliance on the idea is also a prodigious part of an entrepreneur. As Nepal has its speed of development and engineers are prerequisite of development. It’s Our responsibility to give an insight toward entrepreneurship which would enables oneself to grow financially along with eliminating unemployment and boosting the development rate of our country.

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