The Loden Foundation starts 2025 with a significant milestone in our journey to foster entrepreneurship and innovation in Bhutan. On January 15, 2025, The Loden Foundation signed a Memorandum of Understanding (MoU) with the Department of Employment and Entrepreneurship (DOEE), Ministry of Industry, Commerce & Employment.
This partnership marks the beginning of a collaborative effort to design, implement, and promote impactful entrepreneurship programs across Bhutan.
Why This Collaboration Matters
Entrepreneurship is a key driver of innovation, economic growth, and job creation. Through this partnership, the Loden Foundation and Department of Employment and Entrepreneurship aims to build a vibrant entrepreneurial ecosystem by equipping individuals with the skills, resources, and support needed to turn their ideas into impactful ventures.
By combining the expertise and resources, this partnership aspires to create sustainable solutions that address Bhutan’s economic and social challenges while encouraging a culture of innovation and self-reliance.
Areas of Collaboration
Together, the Loden Foundation and the Department of Employment and Entrepreneurship will focus on a range of initiatives, including:
- Druk Tshongrig Gatoen: An annual event celebrating and promoting entrepreneurship.
- Hackathons: Dynamic platforms where individuals can collaborate and solve pressing challenges through innovative solutions.
- Mentorship and Capacity-Building Programs: Empowering aspiring entrepreneurs with the knowledge, skills, and support.
- Business Idea Competitions: Encouraging innovative and scalable ideas from Bhutan’s youth and aspiring entrepreneurs.
- Startup Acceleration Programs: Helping early-stage businesses scale their operations and achieve sustainable growth.
- Other Entrepreneurship Events: Developing new programs and events to continuously stimulate the entrepreneurial spirit in Bhutan.
Our Shared Vision
This collaboration reflects a shared vision of creating an enabling environment for entrepreneurs, stimulating innovation, and nurturing talent across Bhutan. Through these initiatives, we aim to empower individuals, generate employment opportunities, and contribute to the sustainable growth of Bhutan’s economy.
The Loden Foundation extends its gratitude to the Department of Employment and Entrepreneurship for their commitment to building a stronger entrepreneurial ecosystem. Together, we look forward to unlocking the potential of Bhutan’s entrepreneurial spirit.
What’s Next?
We’re just getting started! Stay tuned for updates and announcements as we roll out these exciting programs. Whether you’re an aspiring entrepreneur, a mentor, or someone passionate about innovation, we invite you all to join us in this transformative journey.
By Kinley C Tenzin, Communications Officer
