Monday, 25 October, 2021

BYLC Ventures opens applications for young entrepreneurs

  • Staff Correspondent
  • 25 March, 2021 12:00 AM
  • Print news
BYLC Ventures opens applications for young entrepreneurs

Popular News

Bangladesh Youth Leadership Center (BYLC) Ventures has launched applications for its third cohort aiming to provide support beyond funding for young entrepreneurs with dynamic ideas who can add value to the economy of Bangladesh.

BYLC, the country’s first leadership institute, has existed to build connections among youth from diverse backgrounds, equip them with leadership skills, and enable them to have high impact in public, private, and civil sectors.

All our efforts aim to strengthen prosperity, justice, and inclusiveness in societies worldwide.

Winning teams of cohort 3 of BYLC Ventures will receive seed funding of Tk 800,000 with an option of further Tk 1,500,000 in additional investment.

Moreover, the teams will have access to a co-working space, mentoring, and a rigorous accelerator curriculum for six months.

In accordance with their vision of helping passionate young founders get kick-started with their big ideas, BYLC Ventures was launched in 2019.

Their goal is to fund Bangladesh’s most promising founders, hone their leadership capabilities, strengthen their business acumen, and help validate their big ideas as they transition into investable business.

By providing technical support to validate a startup and seed funding to go fast to market, they provide a set of acceleration support, including a plug-and-play commercial space to work from, customised business training led by successful CEO-turned-mentors, and a suite of professional support such as legal, accounting, and corporate governance.

A total of 13 startups have graduated under BYLC Ventures. These startups have created employment opportunities for over 200 people and generated a combined revenue of Tk 10,082,464.

“Financial and legal compliance are big hiccups for any startup in Bangladesh. BYLC Ventures provides aspiring entrepreneurs the mentorship needed to get past these hurdles and to grow and scale into sustainable ventures,” says Barisha Rabbe, Manager of BYLC Ventures.