Venture capital firm launched
Nepal's first incubator and venture capital company Fortune Cookie Ventures Pvt Ltd has been launched at CAN Info-Tech 2007 on Tuesday.
Fortune Cookie Ventures is an international joint venture set up by renowned ICT entrepreneurs in Nepal and Intelligent Capital LLC, a US-based international venture capital company.
The goal of Fortune Cookie is to provide incubation and venture capital to deserving innovators with promising ideas in the ICT sector, and thus contribute to the overall development of ICT in Nepal, states a press release issued on Tuesday.
Fortune Cookie intends to invest up to Rs 100 million in Nepal's ICT sector over the next two years through its activities. By creating successful ventures, Fortune Cookie would attract much needed foreign investment into the ICT sector.
The promoters of Fortune Cookie are Sanjib Raj Bhandary (Mercantile), Bijay Krishna Shrestha (Beltronix), Navin Joshi (World Distribution), Dileep Agrawal (WorldLink), Rajesh Kumar Shakya (Hi-Tech Valley) and Deepesh Pradhan (Yomari).
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