• Saturday, Jan 25, 2020
  • Last Update : 01:34 am

Supporting our start-ups

  • Published at 10:52 pm July 24th, 2019
Photo: BIGSTOCK
Photo: BIGSTOCK

It is of utmost importance that the government works towards a more business-friendly infrastructure

It is through bold, innovative thinking that a country moves forward, and nowhere is such boldness more evident in Bangladesh than in our start-up scene.

But the road to success for start-ups is a difficult and perilous one, and our young entrepreneurs need all the help they can get in turning their ideas into reality -- that is why the Commerce Ministry deserves kudos for its plan to help the sector through Venture Capital and Private Equity Association of Bangladesh.

By helping meet the investment needs of start-ups, not only will entrepreneurial activity be encouraged in the country, but employment opportunities will also increase substantially, and export numbers will be boosted.

But it must be remembered that doing business in Bangladesh is still notoriously difficult, which is why so many would-be entrepreneurs feel discouraged from pursuing their business ideas, even if the initial investment is there.

It is of utmost importance that along with supporting start-ups, the government works towards a more business-friendly infrastructure, as well as cut down on inefficiency, bureaucracy, and corruption, which serve as a hindrance to not only start-ups, but all business activity in the country.

There is no doubt that it is the private sector that has taken this country to great heights in recent years, and while industries like RMG brought us where we are today, it is the new generation of entrepreneurs with fresh ideas that will take us into the future. 

We have a duty to nurture those nascent businesses, so that they can contribute richly to the development of the nation.