Business Desk :
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Venture Capital & Private Equity Association of Bangladesh (VCPEAB) will work together to develop startups and attract local and foreign venture capital investment.
The development comes as a six-member delegation led by Shameem Ahsan, president of the VCPEAB and general partner of Pegasus Tech Ventures, met FBCCI President Md Jashim Uddin at the FBCCI office in the capital recently. Jashim said the FBCCI and the VCPEAB would work together to ensure sustainable development of startups, for the greater good of the country’s economy, and for the development of the sector.
“We will take up the issue of startups and venture capital to the highest level of the government and will help create young entrepreneur-friendly policies,” he said in a press release. Ahsan said, “We are working relentlessly to attract foreign investment by helping create an investment-friendly environment for local startups.” “In addition, the FBCCI and the VCPEAB will work together to provide policy support to startups, build infrastructure and develop skilled workforce for this industry.” He said the startups will be able to create an ecosystem that will contribute up to 2 per cent to Bangladesh’s GDP and create 1.5 million jobs by 2025.
