ScaleUp Bangladesh, a 12-month long investment readiness accelerator program for Small and Growing Businesses (SGBs), was launched recently in Dhaka.
Finance Minister AMA Muhith was present as the chief guest at the launching ceremony at Brac Centre Inn on Thursday, reports BSS.
International Finance Corporation (IFC) South Asia Operations Officer and Project Lead, Pilot Program for Climate Resilience (PPCR) Bangladesh Harsh Vivek, BetterStories Limited Chief Storyteller Minhaz Anwar, Grameenphone Chief Transformation Officer Kazi Mahboob Hassan, US Embassy Dhaka Deputy Chief of Mission Joel Reifman, Bangladesh StartUp Cup 2017 winner from Khulna Division Sharmin Sultana, also spoke on the occasion.
ScaleUp is a partnership between BetterStories Limited and IFC. This event and supported by Grameenphone Accelerator, Aavishkar, British Council Bangladesh, PUM.NL and Climate Business Innovation Network.
The initiative aims to bridge the gap between investors who struggle to find investable businesses and the ones that want to scale, find capital and become climate smart.
25 commercially viable businesses with 5-200 employees, hungry for growth and looking to find money to go beyond their current geographic, demographic or business boundaries will be accepted to the program.
Interested businesses leaders can apply for the accelerator ScaleUp Bangladesh via www.scaleupbangladesh.com until March 21.
ScaleUp Bangladesh will take businesses through a three-week residential boot camp to help businesses validate their products, redefine branding and digital footprint, firm up financial capabilities and build strong investment stories. Post-boot camp businesses will be connected to expert technical mentors from PUM.NL, climate advisers from CBIN and investors from around the world over a period of seven months.
ScaleUp Bangladesh comes on the heels of Bangladesh StartUp Cup 2017 which was a partnership between the Embassy of the Kingdom of the Netherlands, Aavishkar India, and BetterStories Asia.
It is offering seven bankability boot camps in seven divisions of the country to train 200 SMEs in total.
Bangladesh StartUp Cup and ScaleUp Bangladesh together make one cycle of ecosystem building work in Bangladesh by BetterStories Limited which it aims to repeat thrice with support from the partners- local and international.