In early 2003, Nepal was undergoing a challenging era, with a political turmoil and a state of emergency the Nepalese economy was crippled, and the sentiments of the citizens were at an all-time low. Moreover, young, aspiring and talented Nepali individuals were also considering migrating, leading to a massive talent drain from the nation. With unfavorable working conditions, lack of security and market confidence, entrepreneurship among youth was deterring.

In order to build a positive business climate and empower young entrepreneurs with a unified voice, a group of young and ambitious entrepreneurs under the leadership of Mr. Gaurav Agrawal laid the foundation stone of NYEF (Nepalese Young Entrepreneurs Forum) in September 2003 under the guidance and support of FNCCI. Since its inception NYEF has been creating outstanding entrepreneurs through idea exchange, fellowships, education, training and advocacy among Nepalese youth. Today NYEF has established itself as the apex youth body in the country and is currently in its 19th year.

Nepalese Young Entrepreneurs' Forum (NYEF) is an apex body of young entrepreneurs in Nepal. It is a membership based non-profit organization, established with a vision to become the most influential community of young entrepreneurs in Nepal. It aims at creating outstanding entrepreneurs through idea exchange, fellowships, education, training and advocacy among the Nepali youth. The forum was officially instituted by the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) on September 26, 2003. NYEF is also one of the founding members of the SAARC Young Entrepreneurs Forum (SYEF), Association of Youth Organization Nepal (AYON) and the World Young Entrepreneurs Forum (WYEF) and a member of the Confederation of Asia Pacific Chamber of Commerce and Industry (CACCI) Committee on Youth Entrepreneurship. It is currently the Vice President of Young Entrepreneurs Group Asia Pacific (YEGAP) consisting of 29 member countries of CACCI and is the President of SAARC Young Entrepreneurs Forum (SYEF). NYEF is also an invitee member in Commonwealth-Asia Alliance of Young Entrepreneurs (CAAYE).

NYEF brings together young entrepreneurs within the country. It promotes entrepreneurial mindset and a shared vision through an effective and much needed networking of young entrepreneurs. After a successful start in Kathmandu, it now has chapters in 10 different cities of Nepal and covers all 7 provinces with more chapters in the pipeline.