National startup competition searching for young entrepreneurs

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DHAKA, Oct 11, 2019 (BSS) – The three-day “National Startup Camp 2.0” of Student to Startup: Chapter 2 entered into the 2nd day today with a view to finding out young entrepreneurs with innovative ideas so that they can contribute to the country’s development.

With the slogan ‘My innovation, My Dream’, the national contest was inaugurated at the Sheikh Hasina National Youth Centre in the city’s outskirt Savar yesterday, said a press release here today.

Innovation Design and Entrepreneurship Academy (iDEA) project of Bangladesh Computer Council under the Information and Communication Technology Division (ICTD) is organizing the competition for the second time.

Prime Minister’s Special Assistant Barrister Shah Ali Farhad joined a session on ‘government polices to promote youth entrepreneurs’.

He said the government is working to encourage the youths in innovative activities and entrepreneurships to cope with the ever changing world.

Earlier, the contest was kicked off on September 15 last at the ICT Tower in the city’s Agargaon area.

State Minister for ICT Zunaid Ahmed Palak attended it as the chief guest.

The promotional campaigns were organized in more than 100 academic institutes and students registered through online registration process at the contest.

About 2500 startups submitted their ideas in written at the contest and then 75 startups have been selected primarily from university campus pitching round from 24 venues of 8 divisions and later invited to attend the National Startup Camp.

This time, more than 200 students of 75 startups are participating in the national camp. As per planning of the camp, workshops are being held since Thursday morning. The pitching round of the contest will be held on 3rd day of the camp. The judges will select the potential top 30 startups.

Finally, the selection committee of iDEA project and experienced judges will select the best 10 startups among them.

Top 10 winners of the 2nd chapter will be awarded with a grant of Taka 10 lakh each and 20 more startups will be selected as runners-up for grooming to make them matured.

After completion of grooming, if the startup can meet the targeted improvement then the matured startups will also be funded.

Details of iDEA project will be available into Startup Bangladesh website as follows- www.startupbangladesh.gov.bd .

Leading youth platform ‘Young Bangla’ under the ‘Centre for Research and Information (CRI)’ is organizing the competition.