The Startup World Cup 2020 Regional Starts in Bangladesh

For the second time, this year, one Bangladeshi startup willget the opportunity to represent Bangladesh and compete in Startup World Cup 2020 global round in Silicon Valley for an investment prize of $1,000,000. The largest startup competition – The Startup World Cup – will have more than 50 regionals happening all over the world including Bangladesh. Shameem Ahsan, General Partner of Pegasus Tech Ventures and Chairman of eGeneration Group, disclosed this in a press conference held on Sunday.

To mark the beginning of the countdown of MujibBorsho, Startup World Cup 2020 will have a daylong international conference and the regional finale, which will be organized by Ministry of Foreign Affairs, ICT Division, Venture Capital & Private Equity Association of Bangladesh (VCPEAB), International Finance Corporation (IFC) and Powered by eGeneration.

Global Investors and policy makers from USA, China, Hong Kong, Singapore, India and few other countries will attend the program as speakers and guests, which is a testament of Bangladesh raising as an entrepreneurial nation. The investors believe that the local startups will spur growth and accelerate the startup ecosystem in the country.

Wendy Werner, Country Manager, International Finance Corporation (IFC);SM Ashraful Islam, Executive Vice Chairman, eGeneration Group; Syed Mojibul Huq, Additional Secretary ICT Division;KaziZiaul Hasan, Director, ICT Wing, Ministry of Foreign Affairs; RubabaDowla, President TiE Dhaka; Zia U Ahmed, Vice President, VCPEAB; WaliulMaroofMatin, Director of VCPEAB & Managing Director of Maslin Capital; Zia Ashraf, COO were present at the press conference.

The Startup World Cup 2020, Bangladesh has Singapore Venture Capital & Equity Association (SVCA) as International partner, along with many partners like Bangladesh Hi-Tech Park Authority, Startup Bangladesh, TiE, Entrepreneur Organization (EO), American Alumni Association (AAA), ChakriKhujbo Na, ChakriDebo. The Startup World Cup 2020, Bangladeshhas Knowledge Partnership with BUET; and media partnership with RTV. Evaly (evaly.com.bd) is the platinum sponsor and Chaldal (chaldal.com) is the gold sponsor for Startup World Cup 2020, Bangladesh.

Interested participants can apply through the online portal of the Startup World Cup 2020 for the Bangladesh regional at https://www.startupworldcup.io/bangladesh-regional and the deadline of the application is on 31st January.  The best startups of Bangladesh will be invited to pitch in local finale, which is to be held on February 8th at Radisson Blu, Dhaka and the champion startup will be provided with the opportunity to compete at the global stage of Startup World Cup 2020 held in Silicon Valley, USA.

Shammem Ahsan said, “This would be a prestigious opportunity for the Bangladesh startups to explore beyond the horizon by presenting excitingbusinesses on a global scale and represent Bangladesh at finale in Silicon Valley. These startups, budding around the time of MujibBorsho, can become the backbone of a developed Bangladesh in 2041 by contributing in achieving Government’s vision for double digit GDP Growth.”

Wendy Werner, Country Manager, International Finance Corporation (IFC) said,“IFC works to strengthen the entrepreneurial ecosystem of Bangladesh by supporting early-stage ventures that have the potential to make significant development impact for the country. Startup World Cup is an exciting opportunity to discover new talents in the start-up space. We look forward to see innovative initiatives of Bangladeshi youth to use digital technology to bridge developmental gaps and create new markets. My best wishes to all the participants!”

Syed Mojibul Huq, Additional Secretary ICT Division and Project Director of IDEA said, “The government has been working continuously for developing the startup ecosystem in Bangladesh and Startup Bangladesh is giving maximum efforts to make ICT entrepreneurs. Through this event the startups will be able to connect with the investor and that will encourage the local startups more. To make the “Startup World Cup 2020″ a success, Startup Bangladesh will give all the supports needed.”

In previous years, Startup World Cup Grand Finale featured prominent figures from the entrepreneurship community, including Steve Wonziak (Co-Founder of Apple), Daymond John (Star of ABC’s Sharktank& Founder of FUBU), Alexis Ohanian (Co-Founder of Reddit) and Guy Kawasaki (former Chief Evangelist of Apple). The top three startups of Startup World Cup 2019, Bangladeshwere Repto, Bongo and Gaze Technologies and Reptorepresented Bangladesh at the global stage in Silicon Valley.