Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Dhaka Chamber of Commerce & Industry (DCCI) and World Business Angels Investment Forum (WBAF) inked deal with World Business Angels Investment Forum (WBAF) to promote start-ups.
Osama Taseer, president of DCCI and Baybars Altuntas, chairman of WBAF signed a Memorandum of Understanding (MoU) on behalf of their respective organisations at Radisson Hotel in the city recently.
DCCI and WBAF shall work together to promote a favourable funding environment for the development of Bangladeshi start-ups, scale-ups, entrepreneurs and SMEs.
Both the parties shall arrange common programmes to favour the economic development of Bangladeshi start-ups, scale-ups, entrepreneurs and SMEs.
They agreed to promote the relationship and exchange of experiences of Bangladeshi start-ups, scale-ups, entrepreneurs and SMEs with other start-up ecosystems in the world.
As an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), the WBAF shall co-operate with the DCCI to empower Bangladesh and world economy through innovation, startups, entrepreneurship and angel investment.
With this agreement, DCCI and WBAF aim to enhance business growth for start-ups, scale-ups, entrepreneurs and SMEs in Bangladesh by engaging in activities and programmes that work towards the expansion of start-ups and scale-ups.
WBAF is an international organisation aiming to ease access to finance for businesses from start up to scale up, with the ultimate goal of generating more jobs.
It is committed to collaborating globally to empower world economic development by creating innovative financial instruments for innovators, startups and SMEs.
The MoU was signed with the aim of setting up a collaboration framework to reinforce the links between respective members of DCCI and WBAF and explore positive synergies to generate economic and social benefits.
Now angel investors, incubation centres, accelerators, private equity funds, co-investment funds, technology parks, corporate ventures and aspiring entrepreneurs in Bahrain will be more connected with global investment markets.