One of the main reasons why Nepal is economically a least developed country is because there is not much happening for economic development. Nepal imports over 90% of its products for different purposes, and it exports less than 10% of its products for foreign currency, resulting ain huge trade deficit.
Therefore, a major economic overhaul is required to make happen, Nepal must give the highest priority to science, technology-creation and innovation in order to ensure a sustainable base for her much needed growth engines.
Considerable attention is needed to nurturing home grown inventors, innovators and scientists for economic development to the government level, many talented, innovative and creative Nepalese are leaving the country every year in search of better careers and opportunities aboard. This is huge and shameful loss for a poor country like Nepal. As a result, Nepal is still one of the least developed countries, despite so much foreign aid over many years. Unless and until Nepal stops losing creative, innovative and talented human resources at such an alarming rate, it will always remain an underdeveloped country. This is the bitter but irrefutable fact. Our goal is to keep talented and creative people and use their talents for the economic development of Nepal through research and innovation.
The vision of the National Innovation Center is to introduce Research and Development (R&D) culture to Nepal and help to nurture and promote innovation based ecosystems by employing both grassroots (bottom-up) and top-down approaches as given below.
It is estimated that a 10MW hydropower station will generate a new income of about US$ 3 million every year by selling the power to the government.
In the first few years of power production, 75$ (~$3million) of the net income will be used every year to pay back interest and loan, and pay of r the operating and maintenance cost. 25% (~US$1 million) of the net income will be used to run the innovation center. The estimated loan payback period is 8 years. Once the bank loan is paid off, NIC will hae about US$ 2.5 Million a year of operation. After it will start operating from the income of the hydropower and, we will also be looking from the income of the hydropower, we will also be looking for all possible sources of income in future as well.
The vision also includes creating an environment conductive to persuading talented Nepali researchers and scientists currently working abroad to engage and contribute in various ways to help nurture the creativity of young and talented Nepali back home.
NIC will create a database of those researchers and will request them to provide mentorship to young Nepali talents.
Shivabhakta Marg 304, Lazimpat, Kathmandu Nepal
Phone: +977 442 8090 or +977 9841592361
Write email to Dr. Mahabir Pun for further information: email@example.com