Former Governor of BB Prof Atiur Rahman speaking at a seminar at EMK Center in the capital. -AA
Former Governor of Bangladesh Bank (BB) and Chairman of Unnayan Shamannay Prof Atiur Rahman observed that new technology has been creating optimism for start-ups in Bangladesh.
"The challenge of financing the start-ups can be greatly met if we can make a social movement for supportive angel and other socially responsible capital." He termed that the demographic and density dividends are two more added factors in this emerging ecosystem of entrepreneurship.
He came up with the remarks while speaking as chief guest at a seminar titled 'Financing Start-ups' organized by Youth School for Social Entrepreneurs in EMK Center at Dhanmondi in the capital.
Budding young entrepreneurs from different higher educational institutions participated in the seminar. Dr Rahman added that there are many retired executives of successful corporations who can share their knowledge and experiences by becoming shareholders of emerging startups as angel capitalists. They have enough money to buy a part of the equities of these startups and can even sit the boards to help the young entrepreneurs to flourish.
He further said, "There is a need for social movement for encouraging these angel capitalists to come forward to help develop the startups. The banking sector will certainly come forward if they see these experienced shareholders engaged in the development of these startups. There is also a need for encouraging venture capital to grow for supporting larger startups.
The government should come forward with necessary research and development fund to help universities to develop incubation centers to develop such startups, he noted.
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