Jatiya Sangsad Bhaban or National Parliament House, is the house of the Parliament of Bangladesh, located at Sher-e-Bangla Nagar in the Bangladeshi capital of Dhaka.Learn more
Photo by Unknown
Startup Bangladesh Limited is the flagship venture capital fund of ICT Ministry. Under the visionary guidance of Honorable Prime Minister Sheikh Hasina, Startup Bangladesh - the first and only venture capital fund sponsored by the government of the people’s republic of Bangladesh started its journey on March 2020 with an allocated capital of BDT 500 crores. This effort will enable the nation to innovate faster, create new jobs, develop technical skills, and realize the vision of Digital Bangladesh. Under the steadfast leadership of the Architect of Digital Bangladesh and ICT Advisor to the Honorable Prime Minister Sajeeb Wazed Joy, the startup ecosystem is forging ahead like a roaring Royal Bengal Tiger. With strong stewardship and support from Honorable State Minister Zunaid Ahmed Palak MP, the ecosystem sustained and expanded even during the Covid-19 pandemic. The Fund will provide investment in the form of equity, convertible debt and/or grants in pre-seed, seed and growth stage startups. It would invest thru co-investments, as a fund-of-funds and asset manager and provide other in-kind supports to startups and stakeholders. The Fund will support technology-based innovations to create new employment opportunities, promote under-represented tech groups, foster entrepreneurship culture and Bring transformational changes to lives of millions. Startup Bangladesh Limited Board of Directors comprises of distinguished senior government officials - N M Zeaul Alam PAA, Senior Secretary, ICT Division as the Chairperson. He is joined by honorable Board members Md. Moinul Kabir, Secretary, Legislative and Parliamentary Affairs Division; Md. Saidur Rahman, Additional Secretary, Finance Division and Md. Shamsul Arefin, Additional Secretary, Cabinet Division. Bangladesh is one of the youngest countries in the world, with more than half of its population being under 25. The nation is transitioning towards becoming a middle-income country by 2021. Startups have complemented GoB efforts in building the digital infrastructure in: transportation, logistics, essential goods and services, payments, food & agriculture, entertainment, health and education. As part of the ICT Ministry’s innovative steps to address existing gaps and constraints towards implementing the ambitious global framework of the SDGs, it is taking numerous initiatives to develop the technology infrastructure of the country to create universal and affordable access to digital devices and the Internet in an effort to develop the digital literacy of the people. Startups can play a critical role in addressing the market needs and this will serve as the basis to have far-reaching consequences in developing and upgrading the education and health systems and making them accessible to all. The crucial and essential solutions provided by startups can play a significant role in the Nation’s achieving SDG Goal 2030 and beyond. Riding on solid fundamentals the startup ecosystem is coming of age – where 1.2 million jobs have been created, more than 500,000 micro entrepreneurs have been supported and USD 280 million+ of foreign direct investments have been invested in Startups over the last 6 years. Startups have been instrumental through innovation in the pursuit of Vision 2021 and Digital Bangladesh. The Country is celebrating Mujib Borsho - the birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman & it’s 50th anniversary of Independence in 2021. Bangladesh, symbolized by a red sun among a green meadow started in 1971, has journeyed a long path as we enter our 50th year. We do believe that as a country we are entering the “high seas” with a rising sun lighting its digital transformation.