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CTA lauches Entrepreneur of the Year Award with Canadian support

May 25, 2015

Central Tibetan Administration, May 25, 2015 - The Tibetan Entrepreneurship Development (TED), an initiative of the Department of Finance, Central Tibetan Administration, in partnership with the Dalai Lama Foundation Canada (DLFC), today launched the Sikyong Entrepreneur of Year Award and Investment Award for Up and Coming Entrepreneurs at a press conference held today in Dharamsala, India.

Information about the award can be found at

TED is a recently conceptualised initiative of the Department of Finance, Central Tibetan Administration (CTA) aiming to mobilise and amplify Tibetan entrepreneurial spirit by fostering, nurturing, accelerating value-add connections and celebrating entrepreneurship. TED aims to affect the transformation of the Tibetan community in-exile by mobilizing the Tibetan entrepreneurial spirit and contributing to the community’s economic well-being. In doing so, TED aims to support existing businesses’ expansion and sustainability, as well as convert high-potential youth business ideas into successful ventures.

Money raised by the DLFC will support two award categories to encourage an entrepreneurial culture and contribute to improvement of the socio-economic conditions of the Tibetan diaspora through investment in Tibetan businesses, in tune with the three guiding principles of the 14th Kashag - Unity, Innovation and Self-reliance.

The Sikyong Entrepreneur of the Year will be awarded a sum of INR 2,100,000 in recognition of the Entrepreneur’s contribution to the community and to encourage other Tibetans to step forward and become involved in the socio-economic health of the Tibetan community.

The Investment Award for Up and Coming Entrepreneurs is a competition to identify new entrepreneurs who have a great business plan but do not have the financial support to make it a reality. Two to three finalists in this award category will be awarded prizes of up to INR 1,500,000.

Winners in the two award categories will be selected through a competitive process that distinguishes transformative entrepreneurs who are innovative, driving large-scale change, and are poised to make an even greater impact in the Tibetan community. Winners will be announced in September 2015.

Tibet’s political leader, Sikyong Dr. Lobsang Sangay lauded the efforts of the CTA Department of Finance in creating a culture of entrepreneurship in the community through establishment of clubs in schools, incubation and mentoring programs for budding entrepreneurs and regular public awareness talks on entrepreneurship. Sikyong also called for the inclusion of business-oriented skills and entrepreneurship studies in Tibetan schools.

(This article has been edited by the Canada Tibet Committee)

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