innovation design and entrepreneurship academy...mission statement to develop an innovation-centered...

Innovation Design and Entrepreneurship Academy

Mission Statement

To develop an innovation-centered economy and

sustain its remarkable growth, GoB has taken a

pioneering initiative to create a national entrepreneurship

platform and supporting ecosystem. This effort will

enable the nation to innovate faster, develop technical

skills and realize the vision of Digital Bangladesh.

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Investment Objectives

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The investment objectives are:

Innovation

Support technology based innovation. Provide training and develop technical skills.

Startup EcosystemFoster an entrepreneurship culture in Bangladesh. Promote groups that are under

represented in the tech sector. Connect non-resident Bangladeshis with the local

ecosystems.

Employment Opportunity

Create new employment opportunity. Attract foreign investment and expertise.

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• HealthTech

• EduTech

• FinTech

• GreenTech

• Transportation

• Infrastructure

• AgriTech

• Food Processing

• Pharmaceutical

• Manufacturing• Tourism• Media & Entertainment• eGovernment/mGovernment• eCommerce• Biotech• Robotics• Semiconductor/Nanotech/IoT• Other suitable sectors

Investment Areas

iDEA Support

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iDEA gives support in these categories

Grants

10 Lakhs BDT grant to

implement your ideas.

Investment

1 Crore to 5 Crores BDT

per round in different

stages to grow your

startup.

Mentorship

Expert mentorship

support to lift your

business.

Lab Support

Lab support is given if

needed

Co-Working Space

Co-working space support

to work on-spot with your

team.

Networking

To build local/global

business networks.

Funding Stage (Venture Funding)4 Stages

Idea (Pre Seed)

• Grants up to 10 lakhs BDT

• For smart ideas with

standard business plans

Seed

• Investment up to 1 crore

BDT

• equity/convertible debt.

• Equity up to 49%

• Need a standard prototype

with business plan.

Growth

• Investment up to 5 crores

BDT

• equity/convertible debt.

• Equity would be up to 49%.

• Need to have a Minimum

Viable Product

Guided Start-up

• Investment up to 5 crores

BDT

• equity/convertible debt.

• Equity would be up to 49%.

• Startup ideas will be initiated

from national needs.

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Other Investments

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Targeted Investment

• Training programs

• Selected products/service

for public benefits

Strategic Investment

• Investment to acquire

expertise, technology,

products, services and/or

support entrepreneurship

development

Co-Investment

• joint investments with other

venture capital funds or

funding entities

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Accelerator and Office Space at 14th Floor of ICT Tower

9Launching Ceremony | Startup Bangladesh - iDEA

Mentorship Support

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A mentors pool is here to support startups.

Research & AnalyzeMentors will support to do market research and analyze

the targeted customers.

Brain StormingMentors will help startups to find a conclusion for a

specific problem

Design & DevelopMentors will help in need of technical assistance and

technological support.

Evaluate & ReviseMentors will shape up the ideas and revise the business

plan to grow high.

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Application Process

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Step by step description.

Explore WebsiteGo to startupbangladesh.gov.bd

Submit IdeasUnder Submission tab submit your idea

following proper format..

Track Your PitchYou can track your submitted pitch using a

tracking id. You will get a call if your idea is

selected by Selection Committee. .

Selection CriteriaInvestment proposals will be selected for funding based on the following criteria:

To be selected a proper business concept and implementable ideas will be needed. Besides that proper strategy (Business, Technical,

Financial) and a qualified management team will be required. .

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Startup Bangladesh - iDEA

Collaboration: Startup Circle

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1.Grameen Phone Accelerator

2.Banglalink IT Incubator

3.Junction Venture

4.ScaleUp Bangladesh

5.a2i

6.CRI

7.EMK Center

8.BASIS

9.BRAC

10.Toru

11.British Council

12.Slush Global Impact Accelerator

13.BD Startup Founders

14.Seedstars Dhaka

15.Unilever

16. IDLC

17. Preneur Lab

18. Bangladesh Innovation Forum

19. Blu Konsult Global

20. LICT Project

21. ygap

22. MindShare

23. North South University

24. ESAB

25. Bangladesh Brand Forum

26. Royal Vault

27. UNDP

28. K-Startup

29. TechLab

and many others.

Funding • 75 Startups are given pre-

seed grants

• Another 11 in progress

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University Activation

Program

• 40 Universities

• 3 Teams from each university

• National Bootcamp

• Top 10 startups selected for grants

• Another 20 startups for grooming session

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17Final Pitching Session | Student to Startup Chapter 1

18The winner teams | Student to Startup chapter 1

Seed and Growth Level

Investment

The Power of PowerPoint | thepopp.com

• Startup Bangladesh Venture

Capital Company formation in

progress

• The company will hold the

equity

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Events

The Power of PowerPoint | thepopp.com

• 2 National Program

• 11 Workshops

• iDEA Basics 101 | Batch 01

• 50+ events hosted | Startup

Circle members and Startups

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21iDEA Basics 101

22Indian High Commissioner Visiting Startup Bangladesh - iDEA

23Intellectual Property Workshop for Startups

Industry-Academia Collaboration

• MoU with UCBerkeley, BUET,

Bangladesh University,

National Heart Foundation

• National Robotech Festival

2017

• Startup Circle

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Possible Collaboration

• Participation in Startup Fund

• Knowledge and expertise

exchange

• Fund participation if the

project goes for the 2nd

phase

• Venture Capital network

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What Next?

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200 Products by

June, 2021

1000 Products by

in near future

• Research on local startup

ecosystem

• Interoperable Digital Payment

Platform Service

• Academic activities | iDEA

• Startup Circle

• Seed and growth level

investment

• Monitoring and mentoring the

portfolio startups

Thank You!

facebook.com/LetsStartupBanglades

h

startupbangladesh.gov.bd/

Contact Persons:

PD – iDEA

pdidea@bcc.gov.bd

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