In the last decade, the country’s startup sector has received more than USD 750 million in foreign investment.
There are around 22,500 startups in the country right now.
The government funds startups through the Startup Bangladesh Limited Idea Project and the Bangabandhu Innovation Grant (BIG).
Zunaid Ahmed Palak, State Minister for Information and Communication Technology, said this on Wednesday while speaking as the chief guest at the BCC auditorium of ICT Tower in Agargaon during the second phase of Investment Assistance for Startups under the ‘Hundred Years of Hope’ campaign organized by ICT Department Startup Bangladesh Limited.
Md. Abdul Mannan, Executive Director of the Bangladesh Computer Council, Mostafa Osman Turan, President of the Bangladesh Association of Call Center and Outsourcing Wahid Sharif, and Sami Ahmed, Managing Director of Startup Bangladesh Ltd, all spoke at the event.
The state minister stated that the ICT department has launched the ‘Hundreds of Years of Hope’ project to honor the birth centenary of Bangladesh’s Father of the Nation, Sheikh Mujibur Rahman, as well as the country’s golden jubilee. The project seeks to invest Tk 100 crore in 50 firms in order to foster entrepreneurship and create jobs in Bangladesh.
In the second phase, an investment agreement was struck to give cash support of Tk 17 crore to eight businesses.
The state minister stated that the ‘Hundred Years of Hope’ campaign will propel Bangladesh forward in the global economy by creating a national entrepreneurial platform and speeding up the deployment of new inventions.
“As a result, any possible project would not be stopped, and the financial problem associated with its implementation would be addressed, and new jobs would be generated,” he added.
“Specialized labs, the Fourth Industrial Revolution Center, the Joy Digital Service Center, 300 Schools of the Future, and the Sheikh Hasina Institute of Frontier Technology are being established in 494 Upazilas and 53 universities to handle the Fourth Industrial Revolution,” he stated.
In the future, he hopes that young entrepreneurs would develop a knowledge-based, economically viable, and inventive Bangladesh.
On behalf of their various organizations, Startup Bangladesh Managing Director Sami Ahmed and CEOs of the respective firms signed the agreement as investors. Hello Task, 10 Minutes School, Eye Farmer, Frontier Nutrition, Loop, Mechanical, Sawtell, and Truck are the organizations in question. Seven firms were allocated Tk 17 crore in the first phase.