Muhith says GP good partner of digitalisation process
Published : Thursday, 30 March, 2017 at 8:49 PM Count : 344
"Grameenphone has been a good partner of the digitalization process in the country and the introduction of GP Accelerator will increase the cooperation between the operator and the government," said Finance Minister Abul Maal Abdul Muhith, MP.
The Finance Minister was speaking as the chief guest at an event organised to unveil a new batch of startups for a 4-month long acceleration journey on Wednesday at GP House.
The GPAccelerator (GPA) launched the batch following a rigorous process of reading through over 600 applications, face-to-face interviews, and pitch presentations, according toa press release.
GPA, in partnership with SD Asia, has been designed to support early-stage, homegrown tech startups. Five startups are provided with an intensive, rapid and immersive training over the four-month programme.
The startups receive BDT 11 lakh in seed funding each, work space in GPHouse, and a set of relevant industry contacts to speed up the life cycle of their businesses.
This fixed-term, cohort-based programme allows the ventures to build a robust business model, become investable and scale them up. The programme ends with a grand event, a demo day, where startups pitch to a plethora of experienced investors, partners and key clients.
Third batch application round saw some strong teams and GPAccelerator decided to make room for one additional team. GPA felt that founders can benefit from attending the mentor session and get GPA support to strike some key relationships for their public service solution.
The sixth team will not receive any funding nor will they have to give up equity, however will receive mentorship and other program support to improve their business model.
"GP Accelerator is here to support the young innovators and entrepreneurs of Bangladesh to make a mark in the digital world. They can be the vehicles of next phase of development for this country," Grameenphone CEO Petter-B Furberg said welcoming the new batch to GP House.
Grameenphone's Head of Transformation Kazi Mahboob Hossain, the Head of GP Accelerator Minhaz Anwar, SD Asia Founder and CEO Mustafizur R Khan also spoke on the occasion.
The Top 5 plus 1 startups that are joining the GP Accelerator programme, Batch 3 are Crowdware, JolPi Electronics, Doctorkoi.com, Bankcomparebd, Microtech, Barikoi.