The program has already completed six cohorts with 44 startups, creating 500,000 jobs across the country
Grameenphone (GP) has launched GPA 3.0, the flagship accelerator program to co-create a startup ecosystem and accelerate the digitalization journey in Bangladesh.
The “GP Accelerator” journey started back in 2015, intending to work closely with the startups, developers, and innovators, enabling them with the resources they need to build, grow, and exceed their possibilities, said a press release.
State Minister for ICT Division Zunaid Ahmed Palak attended the virtual event as chief guest.
GP CEO Yasir Azman was also present.
Earlier this year, a partnership deal had been signed between Grameenphone and the three pioneering startup ecosystems shapers of Bangladesh – BetterStories Ltd, LightCastle Partners, and Upskill – to deliver GP Accelerator 3.0 as a program that supports the “global-first” Bangladeshi startups born through Covid-19.
GP, along with three leading ecosystem shapers of the country, teamed up to run the twelve-month program with the vision to connect the nation in search of the best homegrown startups and boost their potential with best-fitting resources following the industry needs.
“I have been a part of the Grameenphone Accelerator journey since its inception. Six years have passed since then and it feels inspiring to see that Grameenphone has been continuing to live up to its commitment of shaping the startup ecosystem in Bangladesh," said Zunaid Ahmed Palak.
"Our youths are growing the problem-solving mindset for a tech-dependent future. I would like to encourage both private and public sector to jointly come forward and help us build a self-sustained knowledge-based economy," he added.
"We have come a long way to deliver on our promises to become a digitally inclusive society. In this journey around so far, 44 GP accelerator startups across the country have played a pivotal role in addressing citizens’ digital needs and developing relevant solutions to address our needs," said GP CEO Yasir Azman.
GP Accelerator program has already completed six cohorts with 44 startups, creating 500,000 jobs across the country.
Grameenphone contributed over Tk14.2 crore (over Tk4.2 crore as direct cash grant and more than 100 million in-kind support), with each team getting approximately Tk0.65 crore worth of support.
Impactful startups like Sheba.XYZ, CMED Health, Dhakacast, Cramstack, Doctorkoi, and many more found their way to success and are flourishing through the GP Accelerator program.
Sheba.XYZ, CMED Health, and Parkingkoi have exceeded the $5 million valuation mark, too.
The value has increased 3.7 times during the 4.5 months’ boot camp, following an average 16 times growth from demo day.