Tech and Teen
  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog
  • Technology
  • Business
  • Sports
  • Entertainments

Tech and Teen

  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog

Cabinet gives final approval to Bangladesh’s first government venture capital company “Startup Bangladesh”.

by Tech and Teen December 31, 2019
written by Tech and Teen December 31, 2019
Cabinet gives final approval to Bangladesh’s first government venture capital company “Startup Bangladesh”.

The final approval of a state-owned venture capital company “Startup Bangladesh Limited” was approved at a regular cabinet meeting on Monday, 30 December 2019. To create a sustainable startup ecosystem in Bangladesh, “Startup Bangladesh Limited” as the first state-owned venture capital company will play an important role that will be taken a step further of the Government’s vision-2021.

Prior to this, the company’s policy approval was given at a regular meeting of the Cabinet on 19 August 2019. Later, the legal issues of the company vetted by the Legislative and Parliamentary Affairs Division. Finally, this state-owned venture capital company has been approved today in the Cabinet. Hon’ble State Minister for ICT Division, Mr. Zunaid Ahmed Palak MP and the senior Secretary of ICT Division N M Zeaul Alam presented the draft law of Startup Bangladesh Limited Company to the Cabinet today.

To create a startup ecosystem and for the development of ICT Startups, “Innovation Design and Entrepreneurship Academy (iDEA)” under the Bangladesh Computer Council of ICT Division has been working since 2016 under the supervision and direction of the honorable adviser to Prime minister of  ICT Affairs Mr. Sajeeb Wazed. About 126 startups have already been funded through the Startup Bangladesh-iDEA project till now. After completing the valuation of the startups, a maximum of BDT 1 crore can be invested in seed stage and BDT 5 crore per round can be invested on growth stage of the startup by this company in future.

 

Startup Bangladesh
0 comment
0
FacebookTwitterGoogle +PinterestLinkedinWhatsapp
previous post
Grand finale of ‘Kaspersky Cyber Security Challenge 2019’ held at DIU
next post
Oikko inaugurates its second outlet

related posts

SSLCOMMERZ presents Valentine’s Fest

February 8, 2019

realme Bangladesh to unveil the first 65W SuperDart...

October 5, 2020

Connecting to the world 2nd largest internet population...

April 19, 2019

Vivo Unveils V11 Pro V11 in Bangladesh

September 15, 2018

TECNO unveils AI ecosystem products at MWC Barcelona...

March 12, 2025

OnePlus launched its first flagship store in Bangladesh

September 7, 2024

EATL Bootcamp on 20th December

August 1, 2018

Airtel brings smart plans for its Post Paid...

August 1, 2018

Black Friday Crazy Sale on Exonhost, get 70% Discount

November 16, 2018

Xiaomi Brings Its First QLED TV in Bangladesh:...

December 24, 2024

1000FiX offers residential service for digital devices

March 17, 2024

New Oracle Exadata Builds in Machine Learning Advances,...

June 17, 2019

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • 5G-A and AI Fostering the Intelligent Connectivity

    June 27, 2025
  • Dr. Abdulla Receives Prestigious Doctorate Degree for Global PMO Leadership and Innovation

    June 26, 2025
  • Pepe Jeans Powers up in Jaipur with its Biggest Indian Store Yet

    May 15, 2025
  • Shafayat Alam takes helm as CEO of Nagad

    May 14, 2025

Popular Posts

  • 1

    OPPO Bangladesh Reduces Price of Two of Its Stunning Smartphones This Eid

  • 2

    bKash users can now Send Money to non-bKash users

  • 3

    Xiaomi launches locally made smartphone: Redmi 10 2022

  • 4

    Smart Software Night held at BICC

  • 5

    tap brings payment facilities at Cantonment CSD

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

Mobiles

  • realme launches C75x: The ultra-waterproof smartphone under Tk 18,000 in Bangladesh

  • TECNO launches CAMON 40 Series with FlashSnap & IP68 & IP69 Waterproof technology

  • Infinix leading another lifestyle with Note 50 series

  • Stylish HONOR X8c to hit Bangladesh market soon with 512GB Massive Storage

  • vivo V50 Lite Launches in Bangladesh with Tahsan at Grand Event

Popular Posts

  • 1

    bKash users can now Send Money to non-bKash users

  • Shakib Al Hasan to bat for Uber as Brand Ambassador in Bangladesh

  • 3

    Smart Software Night held at BICC

  • 4

    tap brings payment facilities at Cantonment CSD

  • 5

    Shafayat Alam takes helm as CEO of Nagad


Tech and Teen is proudly powered by WordPress