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Dhaka Tribune

GP Accelerator prepares to launch its second batch

Update : 30 Apr 2016, 06:51 PM

 GP Accelerator is the first of its kind development platform for ICT startups in Bangladesh. This program is designed to provide seed funding, office space, and mentorship to prospective tech startups.

GP Accelerator and SD Asia will work together to select the best entrepreneurs from Bangladesh to turn their business ideas into reality.

Samad Miraly, co-founder of SD Asia, was particularly excited about the second batch. He said, “After 4 months, we’ve cried, laughed and learned a lot from our first batch. Now, the GP Accelerator is ready to bring on the next five startups. We keep trying to improve the program, and from our learning, some new partnerships and new relationships with some great mentors, hopefully we can provide an even better experience this time around. We’re really excited about giving great benefit to the next crop of startups.”

This time too, five projects will be selected to participate in the session, and at the end of that session, the participants will have the opportunity to present their pitch in front of prospective investors on the investor demo day. The candidates will receive a seed funding of more than Tk10,00,000, and work in GP House with the mentorship of SD Asia’s panel of start-up ecosystem experts.

SD Asia will play a pivotal role in this process as well. Mustafizur Rahman Khan, CEO and founder of SD Asia, believes that this opportunity is beneficial for all parties.

"For this batch, we are looking for teams who work well together, have a working model, have a proper revenue model for their proposed business and is on top of their burn rate," added Mustafizur.

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