The Pulse Today
BREAKING
Sajib Pledges Aid for 50,000 Flood-Affected People in SonargaonMP Azharul Islam Mannan Distributes Relief Funds to Needy Families in SonargaonParliament Proposes Anti-Gambling Bill with Maximum 7-Year Prison PenaltyOpenAI Unveils 'Schedule' Feature to Boost Task Management in AI ChatbotPrime Minister Tareq Rahman Arrives in Dalian, China for Economic ForumEurope Confronts Intense Heatwave; Conditions Predicted to DeteriorateGold Prices Rise Again in Bangladesh Amid Global Market IncreaseSpaceX's Nasdaq Debut Values Company at Over $2 Trillion, Surpassing AmazonStudy Reveals AI Data Centers Contribute to Local Temperature IncreasesNarayanganj BNP Youth Wing Holds Rally to Welcome New Central CommitteeIslamic State Claims Rare Deadly Attack on Taliban Official in AfghanistanUS Concludes Series of Strikes on Iranian Targets Following Jordan Base AttackSecond Major Earthquake in a Decade Strikes Southwest Japan, Leaving Region ExhaustedSchool Teacher Dies in Naogaon Road Accident Involving Bus236 Flood-Affected Families in Bandarban Receive Aid from World Vision and GRAUSRussian Strikes Kill at Least 8, Wound Dozens Across UkraineTense Summer in Russia-Annexed Crimea: Drone Strikes and Blackouts Disrupt Daily LifeJapan Earthquake: Death Toll Climbs to 28 as Survivors Battle Extreme HeatSon Heung-min Scores Twice in MLS All-Stars' 4-3 Win Over Liga MXFive Key Facts About Crimea: Understanding the Annexed Peninsula's Role in Conflict127 Underprivileged Individuals in Dinajpur Receive Bicycles, Wheelchairs, and Sewing MachinesBGB Seizes 20,000 Yaba Tablets and Arrests Two in Bandarban DistrictSalman Rushdie's Assailant, Hadi Matar, Convicted of Terrorism in Federal CourtCuba's Tourism Sector Faces Crisis as 75% of Hotels Close Amid US Sanctions and Fuel ShortagesSeven Firefighters and Police Officers Killed in Argentina Helicopter Crash

Government Allocates 109 Crore to Support 36 Technology Startups

Government's venture capital arm, Startup Bangladesh, has invested nearly 109 crore in 36 tech-driven startups.

By Staff Correspondent
Share
৩৬ স্টার্টআপে ১০৯ কোটি টাকা বিনিয়োগ সরকারের

The government has invested nearly 109 crore in 36 technology-driven and innovative startups through its venture capital arm, Startup Bangladesh. This was revealed by the Minister of Posts, Telecommunications and Information Technology, Fazlur Rahman, in response to a written question from MP Ashraf Uddin in the Jatiya Sangsad on Tuesday.

Initially, 55 startups received investment approval. However, due to discrepancies in legal due diligence and disagreements over investment terms, 19 startups had their investments canceled. Consequently, 36 startups received the final investment.

Notable recipients of the investment include Chal Dal Limited, Ten Minute School Limited, Seba Platform Limited, and Tour Booking Bangladesh Limited. The minister assured that the government continues to support innovative and tech-driven entrepreneurs to strengthen the country's digital economy.

Terms in this story

FAQ

How many startups received initial approval for investment?
55 startups received initial approval.
How many startups had their investments canceled?
19 startups had their investments canceled.

Topics

Comments

More in Politics

See all →

Latest stories