Startup Bangladesh Limited

The first venture capital company sponsored by the Government of Bangladesh

Categories

Financial and Banking  
Summary

Startup Bangladesh Limited is the first venture capital company sponsored by the Government of Bangladesh with a committed fund of taka 500 crores. Officially registered in March 2020, the company’s mission is to make equity investments in seed and growth-stage startups through direct investments, co-invest, fund-of-fund, and strategic partnerships. Tina Jabeen is the current Managing Director.


History

Startup Bangladesh fosters an innovation-led economy. It collaborates with accelerators, universities, etc across the country. As of October 2020, the program has granted 150+ investments; and has helped startups such as Moner Bondhu – mental wellbeing; shop-up, among many others. Venture capital investments spur innovation, create employment, and make significant contribution to economic growth. With the population growing, globalization rapidly changing international business climate and sometimes making it uncertain, a culture of innovation can provide its own energy for Bangladesh by affording us opportunities for our young entrepreneurs. Where done correctly, the impact of government intervention in fostering an innovation economy in have successfully created venture capital ecosystems in many countries. The government of Bangladesh hopes to replicate similar success by founding Startup Bangladesh that will catapult its young generation of entrepreneurs to the next level who can accelerate the pace of innovation and lead the economy to a self-sustained path to growth.


Mission

The company's mission is through iDEA (Innovation, Design & Entrepreneurship Academy) to create an Accelerator and its accompanying eco-system. Offer mentoring, funding, co-working spaces, marketing and legal support to selected startup entrepreneurs to help realise their visions. Create Industry/Academia/Government partnerships to stimulate innovation, sustain transformational efforts. Promote Bangladesh as a global hub for novel startups, and create the appropriate regulatory framework to support bold dreams. Through iDEA Accelerator, the government will nurture innovative ideas in the areas of Education, Agriculture, Health, Financial Services, eCommerce, eGovernance, Environment, Transport, and Infrastructure. Evaluate concepts based on potential impact, execution strategy, and public benefit.


Vision

The vision is to create a national entrepreneurship platform to enable Bangladesh to innovate faster, create new opportunities, develop technical skills and help realise the vision of Digital Bangladesh.


Recognition and Awards
Shuttle's CEO Reyasat Chowdhury and COO Jawwad Jahangir have been named '30 under 30' in Asia (social impact) by Forbes Alongside 5 other Bangladeshi Changemakers. Shuttle is a Portfolio Startup of Startup Bangladesh ltd.

References
Startup Bangladesh Limited
Leadership team

Tina Jabeen(CEO)

Industries

Financial and Banking

Products/ Services
Venture Capital
Numbers of Employees
0 - 50
Headquarters
Dhaka, Dhaka, Bangladesh
Established
2020
Social Media

About

openbusinesscouncil offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Produced by
In collaboration with

Copyright 2022 © openbusinesscouncil powered by ztudium