India & Bangladesh launch ’50 Start-ups Exchange Programme’

The initial batch of 10 start-up companies participating in the 50 start-ups exchange program between India and Bangladesh have returned to Dhaka after a successful visit to India from May 8-12. These start-ups operate in various sectors, including e-commerce, health, transport and logistics, energy, education, and skill development.

The exchange program facilitates visits between 50 start-ups from Bangladesh and 50 start-ups from India, aiming to foster partnerships, expand business relations, share experiences and knowledge, and promote collaboration among young entrepreneurs. The framework of this program was established during recent bilateral summits between the Prime Ministers of both countries.

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Other points of the news:

• While in India, the participating start-up companies were familiarized with India’s ‘Start-up India’ initiative. They engaged in interactive sessions that covered topics such as setting up a start-up and developing a business model, the significance of incubators, marketing strategies for projects and services, cybersecurity and artificial intelligence with a focus on data protection, start-up evaluation, and securing funding.
• The High Commission of India in Bangladesh organized an interactive session in Dhaka, where the group of 10 start-ups who visited India participated. High Commissioner Pranay Verma highlighted the vibrant start-up ecosystems in both countries, emphasizing their focus on innovation and technology. He emphasized the potential for Bangladeshi start-ups to enter the Indian markets, particularly in the North-Eastern states. The High Commissioner also highlighted the opportunity for collaboration between the start-up communities of India and Bangladesh, exploring ways to enhance ease of doing business, including trade settlement in local currencies and collaboration in digital payment platforms.
• This visit by the 10 Bangladeshi start-ups to India marks the beginning of the 50 start-ups exchange program. The program has the potential to boost cooperation in new and emerging areas, cutting-edge technology, entrepreneurship, and innovation, as stated in an official press release.

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