Earlier, the startups in Bangladesh were not allowed to invest abroad

The evolution of Bangladesh's startup ecosystem demonstrates how a local movement can have a profound impact and attract global recognition by addressing everyday challenges through innovative solutions.

When Mohammad Oli Ahad founded Intelligent Machines back in 2018, finding a coworking space called Moar was a big relief as it helped save on numerous office expenses.

Simcubator 2023, an incubation program for local startups in Bangladesh, recently completed its 3-day-long workshop titled 'simcubator 2023'.

It is disheartening to see that Bangladesh couldn’t find a place in the top third of the ranking in this very telling study.

In an effort to helping innovative and ambitious startups across the globe, Microsoft has launched its Microsoft for Startups Founders Hub in Bangladesh. The global platform provides free access to resources such as productivity and technology tools to startup founders looking to launch their projects and materialise their ideas into reality.

The concept of start-ups is now a household term in almost all corners of every city of Bangladesh. With their can-do attitude, young entrepreneurs push the envelope by consistently honing their skills to achieve higher and aim further. But if we look back, one and half decade to be exact, the term start-up unheard of. Shafqat Islam, CEO and Co-founder of NewsCred/Welcome, achieved ‘Unicorn’ status for his company by joining the Optimizely family. A milestone reached by the first Bangladeshi start-up. ‘Unicorn’ is an industry jargon meant to designate companies that reach a valuation of $1 billion without being listed on the stock market and to be one is the dream of any tech startup.

10 Minute School, the leading Bangladeshi ed-tech startup, has recently appointed Mirza Salman Hossain Beg as its Co-Founder and Chief Operating Officer (COO). 

3 Bangladeshi startups - Shuttle, Markopolo and MedEasy, recently received funding from Accelerating Asia, a Singapore-based early-stage venture capitalist firm and startup accelerator.