GP Accelerator launches 6th Batch of Startups
Grameenphone Accelerator (GPA) has initiated its 6th batch of startups for a 4.5-month-long programme launched at GP House, Dhaka on Wednesday.
The programme designed with the idea of future entrepreneurs in mind will focus on selecting the best startups who will be able to leverage the GPA resources to accelerate their companies, according to a press release.
After fierce competition, in three phases, nine extremely promising companies were selected as Batch 6 in the GP Accelerator programme,
On this occasion Information and Communication Technology Division State Minister Zunaid Ahmed Palak and GP CEO Michael Foley spoke on programme launching ceremony.
Palak said: "Within 2021, more than one million jobs will be created and these start-ups will be one of the catalysts in achieving our goal. The government will continue its support for these youth."
"I have been thrilled and inspired witnessing the innovative GP Accelerator projects. I thank Grameenphone for creating such a platform for the youth," Palak said.
"Through GP Accelerator, we are trying to help the developers, innovators, and startups of Bangladesh," Foley said.
GPA 2.0 has two parts: Pre-Accelerator and Accelerator. Pre-Accelerator is 8 weeks long program which helped the teams to validate their idea along with the unique proposition.
It also helped them with training and mentorship to prepare properly for launching their businesses in the market.
The accelerator is the 4.5-month-long programme where the team already have their Minimum Viable Product (MVP).
These selected teams will get advice from local and foreign mentors, industry experts, and professionals on critical development elements like term sheet, valuation, financial modeling, branding, etc.
On top of that, the platform will also help the startups to connect with potential investors to accelerate their businesses. The total value of all the support provided to each team is approximately BDT 6,500,000.
As the operating partners of the accelerator programme Seedstars Co-founder Pierre Alain Masson, Startup Ecosystem-Minhaz Uddin Anwar also spoke at the event attended among others by Startup Bangladesh Investment Advisor Tina Jabeen and BASIS President Syed Almas Kabir.