Details

Industries

Asset Management,Financial Services,Government,Venture Capital

Founded date

Mar 1, 2020

Number Of Employee

1 - 10

Operating Status

Active

Investor Type

Fund of Funds,Government Office,Venture Capital

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.