October 21, 2014
   Posted in News Flash
Published By Tashi
From left: Mr. Sonam Dorje, Settlement Officer, Mr Trinlay Gyatso, Secretary of Finance Department, Mr Tenzin Wangyal, TED Co-ordinator and Mr. Tenzin Norsang, TED Co-ordinator.

From left: Mr. Sonam Dorje, Settlement Officer, Mr Trinlay Gyatso, Secretary of Finance Department, Mr Tenzin Wangyal, TED Co-ordinator and Mr. Tenzin Norsang, TED Co-ordinator.

DHARAMSHALA: Tibetan Entrepreneurship Development (TED), an initiative of the Department of Finance, Central Tibetan Administration today organised a public talk in Mcleod Ganj as part of its entrepreneurship outreach campaign. They also announced the launch of their website, www.tibetanentrepreneurs.org

The talk was presided over by Finance Secretary Mr. Trinley Gyatso and TED co-ordinators Tenzin Wangyal and Tenzin Norsang, both MBA graduates.

In his introductory address, Secretary Trinley Gyatso spoke about the genesis of the TED initiative and the finance department’s constant efforts to boost entrepreneurship in the Tibetan community.

“As we all know, the enterprises under the finance department were privatised during the 12th Kashag. It was decided that the Central Tibetan Administration, being the vanguard of the Tibetan movement, it was not appropriate to dabble in business. However, the department of finance has continued to remain steadfast in its efforts to boost entrepreneurship and strengthen the Tibetan economy through its various initiatives,” he said.

“ The TED is one of the many initiatives of the finance department, which has been formulated to affect entrepreneurial knowledge and financial strength in the Tibetan community through workshops, outreach campaigns, job ability trainings, etc..,” he added.

Mr. Tenzin Wangyal,co-ordinator of TED, gave an overview of the aims and objectives of the Tibetan Entrepreneurship Development initiative.  “ The TED initiative was formulated during the previous Kashag. However, it was implemented by the present Kashag under Sikyong Dr. Lobsang Sangay. The TED is an important initiative of the Finance Department, which aims to help Tibetan entrepreneurs and business towards becoming competitive, sustainable and impact-oriented,” he said.

“Our major aim, at present, is to provide end-to-end support for budding Tibetan entrepreneurs. We will provide them access to knowledge, networks and mentoring,” he told the gathering this morning.

TED co-ordinator Tenzin Norsang explained the importance of entrepreneurship knwoledge in a society to boost nation’s economy. He narrated the example of Singapore, a fairly nascent city-state of about 50 years, which has achieved considerable economic strength by motivating entrepreneurship among its citizens.

He also addressed the need to inculcate entrepreneurial ideas in Tibetan students at school level. “Entrepreneurship has been recognised as a significant driver of societal growth. Governments have acknowledged that it helps in motivating individuals, businesses and related stakeholders to develop new opportunities that can create economic growth in their societies,” he said.

He urged the public to participate in the TED initiative and explained the services offered by TED, particularly pre-incubation support like awareness of legal structure, training for refining business plans, basic mentoring, etc., and incubation support like connecting to capital sources, securing grants, refining business plans etc..

The TED talk was attended by over 50 Tibetan businessmen and shop/restaurant owners from Dharamshala.

How to Avail the Services of TED:

Step 1: You should either currently be running a business or have an idea to start a business to apply

Step 2: You can then collect the application form from the local settlement office.

Step 3: The physical forms should be posted by mail to the address provided in the TED website.

Step 4: The applicants will go through the selection process and the selected will be contacted by the TED team.

Public at the TED talk on entrepreneurship development at Mcleod Ganj.

Public at the TED talk on entrepreneurship development at Mcleod Ganj.

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