The government has taken steps to gradually expand the fund of **Bangladesh Startup Investment Company PLC (BSIC)** to **Tk 1,000 crore** to strengthen the country’s venture capital industry and attract greater private and international investment, according to the **ICT Division**. The expansion is expected to benefit **12,865 startups** across the country, with **421 funded companies** having collectively raised **$2.94B** in venture capital and private equity. The funding for the project will come from the **government** and **private investors**.
Project Overview
The **Startup Bangladesh** project, implemented by **Startup Bangladesh Limited**, aims to provide funding to startups in the country. The project has a timeline of **5 years** and a budget breakdown of **Tk 500 crore** for the first phase and **Tk 500 crore** for the second phase.
Key Objectives
- Provide funding to at least **500 startups** in the next **5 years**
- Increase the number of **unicorns** in the country to **5** by **2028**
- Create at least **10,000 jobs** in the startup sector by **2029**
Funding & Implementation Status
The project is currently in the planning phase, with the **ICT Division** working on the details of the expansion. However, there are concerns about delays in the implementation of the project. > \
