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