An exciting opportunity for early stage social entrepreneurs | 2018-05-31 |

YY Goshti Incubator

An exciting opportunity for early stage social entrepreneurs

    31 May, 2018 12:00 AM printer

An exciting opportunity for early stage social entrepreneurs

YY Goshti, Bangladesh’s first independent social business incubator is now in the look out of early stage social entrepreneurs with support from The EMK Center. The YY Goshti Incubator has been designed to incubate social business startups to build and grow their businesses through robust journey. Ambitious social business startups can apply through until June 15, 2018, says a press release.

The 10 startups who can make through competitive selection process, will be provided with an intensive, rapid and immersive mentoring, coaching and training over the four- month period, as well as can work from YY Goshti Space. YY Goshti brings veteran experts, industry pioneers to reshape the startups so that they can avail investor exposures; impact investment, relevant industry contacts and professional help on things such as business development, market research, valuation or financial modeling are offered to speed up the path to market for the startups. This incubator programme allows the ventures to build a robust business model, become investable and scale up.

Since 2016, YY Goshti has supported 30+ early-stage social entrepreneurs in Bangladesh who are building social businesses in the field of agriculture, water and sustainable communities. Previously incubated startups are solving some of the biggest challenges of the time, such as Shishir Water ensures potable drinking water in arsenic affected communities. Some are using technology to tap Bangladesh’s tourism potential, such as Avijatrik which is offering community tourism services.

Previous first cohort graduate such as Nazmul Islam, CEO of Avijatrik testifies that, ‘’YY Goshti was there for us since the very beginning, and today we hold a firm position amongst startups. From providing a seed fund to business development services, Avijatrik is indebted to YY Goshti for taking community tourism sector to another dimension.’’ The third cohort graduate Fahim Uddin Shuvo, CEO of Regen expressed that, ‘’Our efforts combining with YY Goshti enabled us to put forward a sustainable business model for turning waste into business opportunity. Joining YY Goshti incubator, REGEN has acquired the knowledge, network and services that pushed us  through success.’’ Since 2016, YY Goshti has already completed three cohorts, with 30+ startups graduating from the programme.

Speaking about the programme, CEO of YY Goshti, Shazeeb M Khairul Islam said: “This immersive programme offers startups a set of crucial services i.e. access to markets, contacts and mentorship. YY Goshti is setting new standards for the ecosystem by going beyond the usual incubation programme. The value proposition we offer for our Incubatee’s customers allows them to attract sizeable investment to scale up.”