BYLC Ventures recently announced their Cohort 3 winners.
The winning teams will receive seed funding of Tk8 lakh with the option of an additional Tk15 lakh as scale-up funding, said a press release.
Along with seed funding, the winning teams will gain access to a world-class business accelerator program, in-house mentoring and networking support, legal and virtual CFO support, as well as a co-working space in Bangladesh Youth Leadership Center's (BYLC) Mohakhali office.
These chosen startups will also receive rigorous leadership training.
The three winning teams are Interactive Cares, an edtech company, KhaniDani, a food delivery company and Tunibibi, a global logistics platform. Two teams, Dhaka Game Studio and Ministry of Codes, were given honorary mentions and will receive mentorship and training support from BYLC Ventures.
BYLC Ventures opened applications for Cohort 3 in March, and received hundreds of applications from diverse sectors and industries across Bangladesh. 105 startups were shortlisted from these applications.
In May, more than 200 founders from these 105 startups took part in a six-day-long virtual bootcamp.
They participated in intensive and interactive bootcamp sessions, covering various aspects of developing a start-up idea — from identifying a real problem in society, refining the start-up's solution for the problem, to making an understanding of the customer persona and demographics of whom to offer the solution.
Following the selection bootcamp, 20 startups were selected for the final jury session.
After a thrilling final demo day session and weeks of due diligence, the three winning teams were selected, who will be joining BYLC Ventures’ existing portfolio of 13 startups from the last two cohorts.
