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I n s t i t u t i o n a l S u p p o r t t o E n t r e p r e n e u r s h i p D e v e l o p m e n t | 2 0 3

2. Raw Material Supply

Easy and regularity of raw materials are very important for

entrepreneurship growth. The scarcity of raw materials hampers

business activities. New ventures, mainly those based on new

technology, require raw materials from global sources. Many

Nepalese industries such as woolen carpet, ready-made garmentsand handicrafts are dependent on imported raw materials and

intermediated products. The problem of raw materials is one of the

main reasons for low capacity utilization. n such reality, institutions

are needed to ta!e care of raw material supply to meet the need of 

a variety of entrepreneurs.

3. Marketing

Mar!eting strategies, s!ills, e"perience, information and

resources are essential for success of any business venture. Many

new ventures fail because they lac! mar!eting techniques. Theymay not be able to search and e"pand the mar!et. n such cases,institutional support is required to entrepreneurs to support them at

the mar!eting front. The institutions are needed to help in mar!eting

of the products produced. They are also needed to establish

emporiums, organize trade fairs and e"hibitions to mar!et the

products of entrepreneurs. #ocal N$%s, private institutions and

many government agencies are important to ful&ll such needs.

4. Competency Development

Entrepreneurs need to develop their competencies as well ass!ills of their employees. 'or this purpose, they need to run various

education and training programmes. (ut they may not be able to

run such programmes because the programmes are e"pensive to

them. n such case, institutional support is needed to run and

organize those !inds of education and training programmes at no

cost or highly subsidized costs.

5. Access to Inrastructure

n order to start any business venture, a minimum level of 

prior built-up infrastructural facilities is needed. The infrastructural

facilities can be industrial estates, transport, power and energy,

communication, water, waste disposal, etc. )reation of such

infrastructural facilities involves huge funds which the small

entrepreneurs do lac!. nstitutions are needed to build such

infrastructure. $enerally, government institutions, supported by

foreign aid, underta!e the tas! of infrastructure development.