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About Ascend

Ascend is a go-to hub for aspiring and budding entrepreneurs to turn their ideas into action. Ascend is a safe space for entrepreneurs to launch, develop and grow their business ideas. Ascend seeks to bring compassion, collaboration and creativity by building a community of determined individuals.

Misson

We help passionate and budding entrepreneurs transform their ideas into strong, scalable & successful startups.

Our Pillars
  • Empathy
  • Inclusivity
  • Collaboration
  • Ingenuity
  • Connectivity
What We do?
  • Pre-Incubation Program
  • One-One mentorship & Workshops
  • Community Workspace

Ventures Incubated in 2020

Meal Box Pvt. Ltd

Sabin Thapa

Mihir Sharma

Pasang Syangtan

ArchArtificer

Devraj Magar

Himanshu Shrestha

Lend Your Style

Sadikshya Shrestha

Sofina Humagain

Mount Zero

Bhim Tamang

Dikchhyanta Bajracharya

Sonil Bajracharya

Mentors for Pre Incubation 2020

Prajwal Gadtaula

Co-founder, Business Brainz


Module: Setting up Key Metrics

Yogesh Satyal

Management Educator


Module: Presenting your Business

Binisha Nepal

Economist


Module: Accounts and Book keeping

Ultha Niroula

MD Digital Gurkha


Module: Digital Marketing

Pankaj Kumar Tiwari

MD, Arrow Pharmaceuticals Pvt. Ltd.


Module: Unique Value Proposition, Competitive Advantage, and Marketing your Product

Aashish Adhikari

Former Founder-CEO, Red Mud Coffee


Module: Identifying Customers

Diwas Thapa

Founder, Talent Connects


Module: Building the Foundation

Shaurab Lohani

Assistant program Quality Director for District 41, Toastmasters International


Module: Preparing Oneself

Shraddha Pant

Investment Management Professional


Module: Creating a Strong Finance Base

Ascend Pre-Incubation Program

Our flagship program at Ascend is the Pre-Incubation program, which is a 5 month (20 weeks) long program to lay the groundworks for selected companies to be market-ready. To do this, we are relying on a tailored curriculum, along with a group of insightful instructors, numerous guest speakers and other hands-on activities.


During the program, you will:
  1. Learn how to evaluate startup ideas and execute the idea into a successful business.
  2. With guidance from experts and professionals, you will cover all aspects of starting a venture, ranging from developing a product/service that customers will pay for, to marketing it, creating a sustainable financial model and learn how to manage a business.
  3. Set business milestones and/or goals to track the growth and progress of your venture.
  4. Learn a range of relevant skills to apply to your business through workshops regarding: goal setting and team management, digital marketing, etc.

Weeks Module No of Sessions
Week 1 ORIENTATION
Week 2 WORKSHOP 1: Preparing Oneself 3
Week 3 Building the Foundation 3
Week 4 - 8 Identifying Customers + Problems and Solution 12
Week 9 – 10 Unique Value Proposition + Competitive Advantage + Marketing your Product 5
Week 11 WORKSHOP 2: Digital Marketing 3
Week 12 WORKSHOP 3: Accounts and Book-keeping 3
Week 13 Creating a Strong Finance Base 3
Week 14 Setting up Key Metrics 2
Week 15 Review Week 2
Week 16 Workflow Management 2
Week 17 Workshop 4:  Legal Aspects of Business 3
Week 18 - 19 Presenting your Business 3
Week 20 DEMO DAY

Eligibility Criteria


Idea Eligibility
Ascend welcomes an incredibly wide variety of ideas, across almost any industry. We look for ventures that demonstrate the following:
  • A clear understanding of a problem that they wish to solve, and a solution that has the promise of impact in the market
  • Feasible in the Nepalese market
  • Potential for business growth
  • Team composition and their motivation to learn
There are certain types of ventures we will not accept:
  • “One-offs” – ventures that exist to plan for a single event or outcome
  • Charity and advocacy groups.
Team Eligibility
To apply to the Ascend Pre-Incubation program:
  • A team must have at least one member who is a current student or an alumnus of Ace Institute of Management. Students from bachelors and masters level are eligible.
  • A team may submit only one (1) application.
  • Individuals may not be part of multiple teams.
  • No individual participation will be allowed and the maximum number of members in a team will be three (3). Under special circumstances, up to 4 members can be allowed.
  • For individual applicants, we will help you find potential partners through a match-making process.
Ascend reserves the right to disqualify any application that we, in our sole and absolute discretion, determine does not fit within our application.

Team Application Form Match Making Application Form Individual Application Form
Program Fee

The participation fee for the 5-month long program is NPR. 30,000 per team. It includes coach fees, stationery items, a dedicated workspace for each team, community dinner programs, guest speeches, workshops and industry tours.

You will have to deposit the fees only if you are selected for the pre-incubation program. You will have an option to pay for the fee in two equal installments.

FAQ

Ascend provides the following services:
Pre-Incubation Program: This is the flagship service provided by Ascend, a comprehensive and intense course to launch, develop and grow your business ideas.

Community Workspace: Ascend will provide common workspace for individuals and teams to use for their needs. Based on membership, you will get a desk that you can rent as and when you need to. c. Mentorship Services: Either you are a solo entrepreneur or someone who is planning to start a business, Ascend helps you get in touch with relevant mentors to guide you through your queries and concerns.
During the program, you will:
  • Learn how to evaluate startup ideas and execute the idea into a successful business
  • With guidance from experts and professionals, you will cover all aspects of starting a venture, ranging from developing a product/service that customers will pay for, to marketing it, creating a sustainable financial model and learn how to manage a business.
  • Set business milestones and/or goals to track the growth and progress of your venture.
  • Learn a range of relevant skills to apply to your business through workshops regarding: goal setting and team management, digital marketing, etc.
To apply to the Ascend Pre-Incubation program:
  • A team must have at least one member who is a full-time student at Ace Institute of Management or is an ace alumni. Students from undergraduate and graduate level are eligible.
  • A team may submit only one (1) application.
  • Individuals may not be part of multiple teams.
  • No individual participation will be allowed and the maximum number of members in a team will be three (3).
  • For individual applicants, a “speed-dating” event will be organized to help you find potential partners.
Ascend reserves the right to disqualify any application that we, in our sole and absolute discretion, determine does not fit within our application.
Ascend welcomes an incredibly wide variety of ideas, across almost any industry. We look for ventures that demonstrate the following:
  • A clear understanding of a problem that they wish to solve, and a solution that has the promise of impact in the market
  • Feasible in the Nepalese market
  • Potential for business growth
  • Team composition and their motivation to learn
There are certain types of ventures that tend not to fit well within this rubric:
  • “One-offs” – ventures that exist to plan for a single event or outcome
  • Charity and advocacy groups.
The ideas will be selected in two phases -
  • First Phase: Shortlisting through Application Forms. The form is a crucial part of your shortlisting. So, please fill it with dedication and be as specific as possible.
  • Second Phase: Business idea pitching in front of a panel of jury followed by Questions and Answers.
Yes, but it's not compulsory. Normally, teams will apply with their ideas. However, if you do not have an idea, you can attend a “speed-dating” event to find a team or an individual you would want to partner with and vice-versa. Ascend will only act as an intermediary, but will not decide the team members for any team applying for the program.
For the Pre-Incubation program, Ascend is only looking for companies in the ideation stage or companies that have recently started their business (under 12 months)
5 – 7 startups will be selected for each cohort depending on the quality of the applications.
The duration of the Pre-Incubation program would be of around 5 months (20 weeks), There will be 2 – 3 classes each week, which would be of 2 hours each depending on the topic. The classes will take place in the afternoon, after regular academic routine. To graduate, the participant will have to complete the full program.
The Pre-Incubation program ends with a demo-day where the startups will showcase their business in front of an audience consisting of business experts, investors, faculty members and mentors.

After the demo-day, the team will be associated with the incubation center for another six (6) months for a ‘hand-holding’ phase. As they enter the market, Ascend will provide mentorship and required guidance to the teams. However, this is an option which a team can opt out of.
Yes, there is a fee for participating in the program. The participation fee for the 5-month long program is NPR. 30,000 per team. It includes coach fees, stationery items, a dedicated workspace for each team, community dinner programs, weekly guest speeches, workshops and industry tours.
Ascend offers early stage funding to deserving startups, which are evaluated during the Pre-Incubation program. Similarly, Ascend will also create a network of angels and seed-investors to support potential businesses.
The application date will start on April 1, 2020 and will be open for three weeks.