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Bangabandhu Innovations Grant

Govt launches global start-up grant competition

  • Staff Correspondent
  • 26 November, 2020 12:00 AM
  • Print news
Govt launches global start-up grant competition

Bangladesh has launched an international competition of tech business ideas under the newly formed Bangabandhu Innovation Grants (BIG), marking birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

Bangladesh is celebrating the 100th birth anniversary of the Father of the Nation as Mujib Barsha or Mujib Year through yearlong programmes until March 17 next year.

However, the initiative to recognize innovative tech ideas with grants of up to $100,000 will continue on a yearly basis.

Under the initiative, winners will receive a grant of $100,000 while the next 99 qualified participants will get support in accordance with performance in talent hunting. The minimum grant under the programme is $12,000.

State Minister for ICT Zunaid Ahmed Palak briefed about the Bangabandhu Innovation Grant at a press meet at ICT Division in the capital’s Agargaon on Wednesday.

“Any innovators from anywhere from the world can participate in the completion. The ICT Division has partnered with several countries at governments, universities and start-up levels. United States, India, China, Hong Kong, Italy, Turkey, Canada, United Kingdom, Nepal and Malaysia have already partnered with us,” Palak added.

Top 65 teams will take part in the four-day boot camp. From local innovators, top 26 teams will go for a television reality show and 10 teams will chance from foreign submissions.

The state minister hinted that government is ready to facilitate impact innovation on localization of search engine, social media, communications and streaming apps to secure the public data on the internet.

Palak said the life and work of Bangabandhu have to be upheld among youths so that they can develop the future of the country with an indomitable mind to innovate ideas for social change.

ICT Division Senior Secretary Zeaul Alam and iDEA project director Syed Mojibul Huq were also present at the press meet, presided by Bangladesh Computer Council executive director Parthapratim Deb.

To participate in the competition, the entrepreneurs can submit their proposals at Timeline for the local entrepreneurs is December 25 and for foreign participants is January 25 next year.