"Jabchor 2.0" is an initiative of the Department of Employment and Entrepreneurship (DoEE), under the Ministry of Industry, Commerce and Employment (MOICE).
The equity financing platform connects potential entrepreneurs to foreign and local investors Augmenting the Royal Government of Bhutan’s initiative to promote Cottage and Small Industries (CSIs) towards economic transformation, the Royal Monetary Authority of Bhutan (RMA) and the Bhutan Chamber of Commerce & Industry (BCCI) Signed the Memorandum of Understanding (MoU) on 7th of July 2020 at Thimp
hu to facilitate the continuity of the Jabchor platform for equity financing from angel investors.
“Jabchor” is a pilot initiative inspired by the concept of Angel Investors. Jabchor was initiated by Royal Monetary Authority of Bhutan in 2018 creating a unique platform for mapping the investors to potential businesses. It inspires scalable businesses to further explore funding opportunities and matching business partners. The platform has already hosted 10 entrepreneur’s pitches in two seasons and has proven to be popular with much buy-in from prospective investors circle. The platform gave opportunities to young entrepreneurs to explore a different business model with solutions to alternate access to finance. The platform shall continue to provide and facilitate a holistic and inclusive support services that engages business planning, project proposal developments, legal technicalities, financial statements and preparation for the Jabchor pitch. The Bhutan Chamber of Commerce and Industry will be establishing the Business Information and facilitation Centre (BIFC) at Thimphu to facilitate grooming sessions for Jabchor programs. The Centre also aims to offer with business information and other necessary technical know-how capacity support to entrepreneurs. The entire facilitation structure shall reinforce robust collaboration within the highly valued network of key government agencies, private sectors, financial institutions, NGOs and other key stakeholders.
