The StartUp Cup, an international programme on entrepreneurship, started its journey in Bangladesh on Monday with the theme ‘Nurture locally, scale nationally’.
A special bus will move across the country to pick the entrepreneur talents through seven divisional events, excluding capital Dhaka.
Bangladesh StartUp Cup 2017 Selima Hossain Allen andDeputy Project Director, Bangladesh StartUp Cup 2017 Muhaimin Khan attended the launching ceremony.
“What continues to strike me is the resilience of the people, the entrepreneurs, of Bangladesh. They are, despite often challenging conditions, taking advantage of the continuing levels of economic growth to improve their lives,” Ambassador Leoni Cuelenaere was quoted as saying in a statement.
“It’s safe to say that these entrepreneurs need our support,” she added.
Sanchayan Chakraborty, Partner for Aavishkaar Frontier Fund said Bangladesh has a history of entrepreneurship. “We see today the emergence of a young generation from across the country with the passion and ideas to create enterprises that address market opportunities.”
“We’re very happy to support Start-up Cup in Bangladesh which we’re sure will help develop the startup ecosystems across the country, providing entrepreneurs with much needed support and help them develop scalable and sustainable businesses,” Chakraborty added.
What is StartUp Cup?
The StartUp Cup is a global StartUp competition that is happening over 60+ countries that has launched its Bangladesh edition in Gulshan Club on 6th March 2017.
The business model competition is an innovative community based approach designed to increase the quality and quantity of entrepreneurs in any community. Through the participation of community leaders, educators, seasoned entrepreneurs and corporate supporters who are all willing to share their experiences and lessons learned with the participants of the StartUpCup, a successful entrepreneurial ecosystem will be created, enhanced and magnified.
The competition will cover the 7 divisions of Bangladesh, excluding the capital Dhaka. The StartUp Cup unique tailor made ‘immersion’ bus will travel across Barisal, Chittagong, Khulna, Mymensingh, Rajshahi, Rangpur, and Sylhet, creating a platform to bring together budding entrepreneurs from across the country. The aim is to create an ecosystem of entrepreneurs through which they can collectively undertake their businesses, offering support to each other.
The aim of the competition is twofold. On the one hand to identify and coach promising entrepreneurs from rural areas in Bangladesh who are addressing social challenges. By offering targeted training to these budding companies they are better able to present themselves to potential investors and are as such better positioned to launch succesful companies.
On the other hand to create an entrepreneurial (startup) ecosystem across seven divisional cities of Bangladesh that once seeded, will hopefully be able to grow and sustain itself. The ecosystem will support startup entrepreneurs in early stages, but when matured it should become a driving force for improving the enabling environment for SMEs and startups alike, influencing policy and accelerating private sector growth.
For the application process interested applicants can either visit Bangladesh.startupcup.com or call 01754141188 to help them to register for the Bangladesh StartUp Cup 2017. The application period will start from 7th March 2017 and end on 25th March 2017.