$800m FDI increases over last five years

$800m FDI increases over last five years

Speakers in an event said that with over 1,200 active startups and $800 million in FDI increases over the last five years, the nation thrives in industries including fintech, logistics, and mobility. The startup ecosystem in Bangladesh has grown significantly, garnering FDI and developing into a powerhouse for innovation and entrepreneurship. Considering this, the Bangladesh Association of Software and Information Services (BASIS) recently organised the Startup Conference during its 4-day SoftExpo exhibition at the Big Tent, Bangabandhu Bangladesh-China Friendship Exhibition Center in Purbachal. During the inauguration of the Startup Conference, Sami Ahmed, Managing Director of Startup Bangladesh Limited, mentioned that they are looking at four technology areas to invest in: Artificial Intelligence, Cybersecurity, Semiconductors and Robotics. A brief presentation followed the inauguration declaration by Ivdad Ahmed Khan Mojlish, Co-Founder & Managing Director of Light castle partners. He spoke about the current situation of startups in Bangladesh and backed up the topics with facts and figures. He said that despite the global economic challenges, Bangladesh could be optimistic about its steady growth in the coming years. The discussion session on raising funds locally and globally. The showstopper of the Startup Conference came in the form of Ashneer Grover, Founder of BharatPe, as he had an intriguing fireside chat with Ayman Sadiq, Founder of 10 Minute School. The popular Shark Tank investor said it crucial to constantly innovate and be adaptable to stay ahead in the game. The Conference ended with a closing speech by Russell T. Ahmed, President of BASIS. He thanked everyone for their active participation and believed that the youth of the country will play a key role in establishing Smart Bangladesh by 2041.