Bangladesh-Korea tech business competition kicks off

Staff Correspondent

21 September, 2020 12:00 AM printer

Bangladesh has announced tech-enabled business competition with South Korea to hunt idea to scale-up innovative business plan, better known as start-up.

State Minister for ICT Zunaid Ahmed Palak announced the opening of the contest through a virtual ceremony on Saturday. 

Innovation Design and Entrepreneurship Academy (iDEA) project under Information and Communication Technology (ICT) organised the event titled ‘iDEAthon’ in association with Korea Productivity Center (KPC) and the Korea Invention Promotion Association (KIPA).

Bangladesh Garments Manufacturers and Exporters Association (BGMEA) President Rubana Huq joined it as the guest of honour.

ICT Division Senior Secretary Zeaul Alam, Bangladesh Computer Council Executive Director  Parthapratim Deb, Startup Bangladesh Managing Director Tina F Jabeen also connected to the session presided over by iDEA project director and Additional Secretary Syed Mojibul Huq.

Organisers informed that top 5 innovative startups will receive six months of special training, incubation, funding & connecting support with venture capital companies in South Korea while top 25 will get special mentoring and certificates.

State Minister Zunaid Ahmed Palak said the main goal of such events is to encourage and motivate youths to lead the nation towards knowledge economy driven by over 100 million internet users.

“Government has launched different digital services including My Gov mobile app. Country’s export earnings from technology sector has crossed 1 billion dollar landmark,” he added. Startup Bangladesh Managing Director Tina F Jabeen said the best startups in the country will go to South Korea, so special attention should be given to the selection process, judges and selection criteria to ensure that qualified startups can go. Registration will open for innovators online at till November 21.