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ScaleUp Bangladesh, a 12-month long investment readiness accelerator programme for Small and Growing Businesses (SGBs), has been announced today at a media launch event in Dhaka. BetterStories Limited, in partnership with IFC and PPCR Bangladesh, and with support from Aavishkar, Grameenphone Accelerator, British Council, PUM.NL and Climate Business Innovation Network will help Bangladeshi businesses to scale, be investment ready and become future proof through this accelerator.


25 Commercially viable businesses with 5-200 employees, hungry for growth and looking to find money to go beyond their current geographic, demographic or business boundaries will be accepted to the programme.
Interested businesses can apply for the accelerator ScaleUp Bangladesh via (https://goo.gl/forms/qRJqWxXdkLdd445D3) until 29th March 2018.

ScaleUp Bangladesh will take businesses through a 3-week residential boot camp to help businesses validate their products, redefine branding and digital footprint, firm up financial capabilities and build strong investment stories. Post-boot camp businesses will be connected to expert technical mentors from PUM.NL, climate advisers from CBIN and investors from around the world over a period of 7 months.

The ScaleUp Bangladesh media launch was addressed by Abul Maal A Muhith, Honorable Minister, Ministry of Finance, Government of the People’s Republic of Bangladesh; Harsh Vivek, ‎Operations Officer, IFC South Asia and Project Lead, Pilot Program for Climate Resilience (PPCR) Bangladesh; Minhaz Anwar, Chief StoryTeller, BetterStories Limited; Kazi Mahboob Hassan, Chief Transformation Officer, Grameenphone; Joel Reifman, Deputy Chief of Mission at U.S. Embassy Dhaka and Sharmin Sultana, Bangladesh StartUp Cup 2017 winner from Khulna Division.

In the keynote presentation, Kazi Mahboob Hassan, Chief Transformation Officer of Grameenphone said: “Entrepreneurship, connectivity & social media—three components of youth empowerment. Grameenphone believes that creating employment through entrepreneurship is the key component of of reducing inequality. Therefore, it is very crucial to work with SMEs outside Dhaka who are solving real problems. Innovation is very subjective, it doesn’t always means creating the next uber or next google, Sometimes offering the same service in an efficient manner at a lower cost can bring out the biggest innovation and that is what matters most. As a strategic partner of ScaleUp Bangladesh, Grameenphone Accelerator will be happy to work closely with the businesses to take them beyond their boundaries.”

ScaleUp Bangladesh comes on the heels of Bangladesh StartUp Cup 2017 which was a partnership between the Embassy of the Kingdom of the Netherlands, Aavishkar India, and BetterStories Asia. It is offering seven bankability boot camps in 7 divisions of the country: Barisal, Chittagong, Khulna, Mymensingh, Rajshahi, Rangpur, Sylhet training 200 SMEs in total.

Bangladesh StartUp Cup and ScaleUp Bangladesh together makes one cycle of ecosystem building work in Bangladesh by BetterStories Limited which it aims to repeat thrice with support from the partners- local and international.

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Targeted Sectors

Manufacturing

Sustainable Agriculture

Food Processing

Renewable Energy

Waste Management

Energy Efficiency

Water Sanitation Hygiene

Service

Health

Education

Transport

Agro Processing

Who is It for

25 Commercially viable businesses with 5-200 employees

1- 5 million USD of funding requirement

Hunger for growth and scale

What will You Get

3-week residential boot camp to help businesses validate their products, redefine branding and digital footprint, firm up financial capabilities and build strong investment stories

Technical expertise from expert technical mentors and climate advisers from around the world

Business and market linkage

Access to Investor pool

What will You Give

Give it all approach to scale up the business

Commitment to attend 3 week residential bootcamp

5-10% Equity

Our Networks

Contact Us

Nita Lora

Communication Officer, Better Stories Limited

Phone: 01703994797

Gulshan Park View, House 3/B , Road: 84

Gulshan 2, Dhaka 1212, Bangladesh

Joya Chowdhury

Investment Head, Scaleup Bangladesh

Phone: 01703994722

Gulshan Park View, House 3/B , Road: 84

Gulshan 2, Dhaka 1212, Bangladesh