‘Emerging economies to lead future IT revolution’

Staff Correspondent

6 May, 2018 12:00 AM printer

‘Emerging economies to 
lead future IT revolution’

Fenox Venture Capital general partner Shameem Ahsan delivers the key-note speech at Global Capital Summit at Silicon Valley of United States of America recently.

Emerging economies like Bangladesh, Vietnam and Sri Lanka are likely to lead the future technology revolutions in IT sector, said venture capital expert Shameem Ahsan predict.

Ahsan, a general partner of Fenox Venture Capital, came out with the remark while delivering a keynote speech at Global Capital Summit held in Silicon Valley of United States of America recently.

USA-firm f50 organised the GCS, a premier gathering in where the most forward-thinking global investors met Silicon Valley’s leading venture capitalists to connect with innovators. Some 300 international venture capitalists, investors, technology experts and entrepreneurs attended the international forum.

“Strongest performing frontier markets like Bangladesh, Vietnam and Sri Lanka offer exceptional growth potential and will soon take the lead,” Shameem said at the keynote session styled “Making the Most of Tech Revolutions in Emerging and Frontier Markets”, according to a press note.

The conference focuses on emerging markets, overseas investment, AI and Blockchain, future challenges in technology, digital health, innovations for climate change and many more.

Agrani Bank Director Shameem also mentioned that the massive shift in economic growth and tech innovations, frontier and emerging markets are becoming strategic case for the global venture capitalists who want to diversify their global portfolios.

“These markets are less driven by global macroeconomic conditions hence less volatile compared to investing in developed economies. Much like what we have done in Fenox, to diversify the risks, our fund with Innotech has a part of it allocated for emerging markets that include Bangladesh,” he added.

F50President Bruce Ge, Bloomberg Executive Editor Tom Giles, MIT Venture Mentor Michael Fox, Sinovation Ventures Partner Chris Evdemon, , Baidu Investment Director Nan Zhou Menlo Ventures Partner Shawn Carolan spoke, among others, on the occasion.