Desk Report
Publish: 16 Mar 2022, 10:56 pm
State Minister for ICT (Information and Communication Technology) Zunaid Ahmed Palak || Photo: Collected
State Minister for ICT
(Information and Communication Technology) Zunaid Ahmed Palak on Wednesday said
Startup Bangladesh will give Tk 17 crore to eight startups to scale up their
products and services from Tk 100 crore allocated for 50 startups under
'Shoborshe Shoto Asha Programme'.
Startup Bangladesh, a flagship
venture capital fund of the ICT Division, announced the names of eight startups
today at the second investment announcement ceremony organised by Startup
Bangladesh at BCC auditorium, Agargaon in Dhaka.
With this second series of
investments, a total of Tk 34 crore are being given to 15 startups so far under
‘Shotobarshe Shoto Asha’ programme launched earlier, marking the birth
centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and 50
years of independence of Bangladesh.
Addressing the function
virtually, Palak said Bangladeshi startups got a foreign investment worth US$
750 million during the last one decade.
"Bangladesh is expecting
more local and foreign investment in the days to come as it has created a
startup ecosystem conducive for investment," he said.
Palak said the government has
been encouraging the young talents to come up with quality and sustainable
startups to develop a culture of innovation and startups.
"It (the government)
undertakes various initiatives, including framing policies, formation of
Startup Bangladesh venture capital fund and allocation of Tk 500 crore that
will help flourish startups," he said, adding with these initiatives, a
startup ecosystem has been developed in the country.
Palak said the young
entrepreneurs and innovators are the pioneers in building Digital Bangladesh
and the government has made Youth Entrepreneurship agenda as one of the top
priorities in its policies for future.
Chaired by Managing Director of
Startup Bangladesh Sami Ahmed, the function was addressed, among others, by
Ambassador of Turkey Mustafa Osman Turan, Executive Director of Bangladesh
Computer Council (BCC) Dr Abdul Mannan and Additional Secretary of ICT Division
Khandoker Azizul Islam.
Mustafa Osman Turan said
Bangladesh has created enabling environment to develop startup culture in its
journey towards building Digital Bangladesh.
Sami Ahmed said the government's
various efforts will enable the nation to innovate faster, create new jobs,
develop technical skills, and realize the goals of vision 2041.
"We now want to put emphasis
on building digital economy by flourishing ICT sector to help turn Bangladesh
into a developed one by 2041," he added.
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