The Financial Express

Bangladeshi and UK angels network to work together

| Updated: April 17, 2021 11:52:32

Bangladeshi and UK angels network to work together

Bangladesh Angels Network (BAN) and the Green Angels Syndicate (GAS) of the UK have announced to work together. They aim to source, cross-refer, and promote linkages on smart investment in technology-enabled startups with sustainable change in Bangladesh and UK to create an enabling environment for venture investing in both regions.

Together, the two partners will jointly support in creating a pipeline of investment opportunities in areas of mutual interest in both regions, host joint-showcases (digitally), promote distance investing and culture in both angel communities, and engage in cross learning activities for both ecosystems.

The CEO of Green Angel Syndicate, Nick Lyth, expressed his gratitude for having Bangladesh angels community together in this plan.  

“This allows us to connect up both with new technologies emerging from Bangladesh, and also British Bangladeshi angels interested in investing in the fight against climate change and global warming. We hope to find co-investment opportunities, and share investment capabilities through our joint efforts to help new businesses emerge”.

The CEO of Bangladesh Angels Network Nirjhor Rahman hopes that this joint action plan will provide more investment opportunities for the BAN’s members living in the UK.

"As we enter our third year as an organisation, we are increasingly creating a global footprint, including a critical hub in the UK where a major portion of our membership currently live."

The two partners are looking to promote green early-stage technology companies with revenue traction, a product/service in the market, a full-time team and clear fundraising plans and goals. Interested companies can contact [email protected] and [email protected] for more information. Additionally, the parties will be conducting public workshops in the near future regarding early-stage investment.

GAS is the only angel investment syndicate in the UK, specialising in the fight against climate change and global warming. By common consent, climate change is the biggest investment opportunity in history. It requires systemic change in every single sector of the entire global economy, from the way we make space rockets to the way we make a cup of coffee.

The idea is to transition from reliance on oil, gas and coal to wind, sun and water, from pesticides and fertilisers to nature and nurture, from indiscriminate consumption to careful selection, from thoughtless travel to considered communication. It is an enormous investment opportunity because it is an enormous challenge.

Launched in 2018 with support from local and international stakeholders, BAN is the nation’s first angel investment network created with a mission to nurture the innovation and entrepreneurship ecosystem in Bangladesh. It helps startups and rising enterprises accelerate their growth through customised pre-investment support, connections to local and global investors as well as mentorship and market development.

Investors get access to a highly curated deal-flow across sectors, invest alongside industry leaders and post-investment portfolio monitoring. Prospective angel investors and entrepreneurs can go online to sign up for the network or apply for funding via www.bdangels.co.

[email protected]

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