{"id":2884,"date":"2020-09-09T12:29:51","date_gmt":"2020-09-09T12:29:51","guid":{"rendered":"https:\/\/nepal.communitere.org\/?page_id=2884"},"modified":"2021-09-30T11:15:36","modified_gmt":"2021-09-30T11:15:36","slug":"tourovation","status":"publish","type":"page","link":"https:\/\/nepal.communitere.org\/tourovation\/","title":{"rendered":"Tourovation"},"content":{"rendered":"
[vc_row padding_top=”20px”][vc_column width=”1\/3″ padding_top=”20px”][vc_column_text]In Partnership<\/b>
\n<\/span>[\/vc_column_text][\/vc_column][vc_column width=”1\/3″ padding_top=”30px” padding_bottom=”10px”][vc_single_image image=”2890″][\/vc_column][vc_column width=”1\/3″][vc_single_image image=”2887″ img_size=”150×150″][\/vc_column][\/vc_row][vc_row padding_top=”30px”][vc_column][vc_column_text]Tourovation Hub Program is an 18-months project titled <\/span>Building Innovation for Nepal\u2019s Tourism Sector by adopting renewable energy and energy efficient business models. <\/span><\/i>We will be working jointly with <\/span>ICIMOD<\/span><\/a> and <\/span>SELCO Foundation<\/span><\/a> to support Nepali tourism entrepreneurs to harness innovative opportunities through ideation, incubation and acceleration of renewable energy (RE) and energy efficient (EE) solutions and approaches. The Tourovation Hub, contributes towards ICIMOD\u2019s <\/span>REEECH<\/span><\/a> (Renewable Energy and Energy Efficiency Capability of the Hindu Kush Himalaya) objective to strengthen the entrepreneurial ecosystem – entrepreneurs, investors, and policy enablers, to integrate RE and EE solutions into small mountain enterprises across the HKH, and scaling up green tourism.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row padding_top=”30px”][vc_column][vc_column_text]Tourism is one of Nepal\u2019s largest industries. However, some of the current challenges for the sector include sustainable innovation, natural resource limitations, climate shocks (extreme weather, natural disasters), environmental degradation, lack of infrastructure for energy access, drinking water supply, road and air transport and publicity amongst others. More recently, the unprecedented nature of the COVID-19 pandemic comes with dire consequences for Nepal\u2019s tourism sector. Tourism entrepreneurs and stakeholders estimate that the sector could lose \u201cNPR 40 billion to the crisis, and anticipate job losses for 1.1 million workers\u201d.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row padding_top=”30px”][vc_column][vc_column_text]There is an urgency for Nepali tourism enterprises, particularly micro, small, medium enterprises, to explore innovative solutions and business opportunities in the short and long term that address the above challenges. So that they are able to deliver resilience by designing and developing sustainable value propositions and business models with the ability to absorb, adapt, and transform. In particular, RE and EE innovations that include multi-stakeholder views with business support services is integral for such business model innovation.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row padding_top=”30px”][vc_column][vc_column_text]Program outcome
\n<\/strong><\/b><\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row padding_top=”10px”][vc_column][vc_column_text]Design and development of sustainable business models for Nepal\u2019s tourism enterprises by adopting RE and EE approaches and solutions. The design and development of sustainable business models involve multi-stakeholder views and collaborations. The participation of public and private stakeholders from the tourism and RE sectors will be crucial in supporting, advising, and ensuring the sustainability of the project.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row padding_top=”30px”][vc_column][vc_column_text]Program outline
\n<\/strong><\/b><\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row padding_top=”10px”][vc_column][vc_column_text]8 tourism enterprises were selected through the ideation phase – design sprints, in October 2020 to participate in a 7-month-long incubation program (November 2020 \u2013 May 2021). Each of the enterprises successfully received the seed fund of NPR 2 lakhs to integrate RE solutions into their business. With the completion of the incubation phase, four enterprises are now in the acceleration phase – access to finance and post-investment coaching (June \u2013 December 2021).
\n<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row padding_top=”30px”][vc_column][vc_column_text]The dynamic 8 tourism enterprises<\/strong><\/b><\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row padding_top=”10px”][vc_column][vc_column_text]\n