Young people will help Bangladesh prosper, says finance minister

Bangladesh will become a developed country by 2041 by harnessing the innovative power of youth, AHM Finance Minister Mustafa Kamal said on Saturday.

“The government has allocated Tk 100 crore in the current budget to support young innovators. We will move in the right direction by turning challenges into opportunities, ”the Minister told the young inventors.

He also urged them to keep Bangladesh’s economic prosperity on the world stage by setting up new companies like Google and Facebook.

The Minister delivered remarks at an award ceremony among the final winners of the “Bangabandhu Innovation Fellowship (BIG) 2021”.

The finance minister said that the journey of the startup ecosystem in Bangladesh began in 2010.

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Currently, over 2,500 startups are present in Bangladesh and they play an important role in our economy where around 1.5 million people have been directly or indirectly employed through startups, Kamal said.

On the occasion of Bangladesh’s Golden Jubilee of Independence and the Year of the Mujib, the grand finale of this special event took place on Saturday at the Multipurpose Auditorium of Bangladesh Film Archives in Agargaon.

The Minister of State in charge of the ICT Division, Mr. Zunaid Ahmed Palak, chaired the program. Chief Secretary of ICT Division NM Zeaul Alam and Executive Director and Additional Secretary of Bangladesh Computer Council (BCC) Dr Md Abdul Mannan were special guests for the function. The project director of the Academy of Innovation Design and Entrepreneurship (iDEA) Md. Abdur Rakib also spoke on the occasion.

The “Bangabandhu Innovation Grant (BIG) 2021” was organized by the Bangladesh Computer Council (BCC) iDEA project under the ICT division to inspire young entrepreneurs and startups.

One of the goals of this initiative is to create an ecosystem of startups in the country by encouraging young entrepreneurs with innovative ideas.

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At the end of the campaign in 142 countries, more than 7,000 startups and inventors from 57 countries, including Bangladesh, entered the competition at the initial stage.

The best of the best winning startup “OpenRefactory” received a grant of US $ 1,000,000 with special honors as “One Big Winner 2021”, which is the ICT division’s biggest award for startups in this year Mujib.

In the BIG 2021 Grand Finale program, 36 startups selected in the country and abroad will receive a total grant of BDT 3 crore 60 lakh where each startup will receive Tk 10 Lakh.

In total, 46 startups, including 26 local startups selected in the reality show, the 10 best startups internationally and the 10 best startups in the iDEA project portfolio, were in the “BIG 2021 Grand Finale”.

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