India and Bangladesh have launched a startup exchange programme that enables cooperation and partnership between their startup communities. The programme was created to build a startup ecosystem among the entrepreneurial community within both countries. This would expand partnerships to build business relations among their startup sectors. The programme includes e-commerce, health, transportation, logistics, energy, transport, education, and skill development to provide guidance and mentorship to startups. This is to encourage collaboration between industry experts, entrepreneurs, and investors. Through this, the programme envisions creating a startup ecosystem in the economy and strengthening bilateral relations.
The Startup 50 programme provides a framework for the exchange of best ideas and practises, and they seek to connect and collaborate with companies through a common platform. Under this programme, the Indian High Commission held an interactive session to mark the beginning of the programme. The programme involved an initial visit by the 10 Bangladesh startup companies to India to mark the beginning of the initiative. Through the programme, the industries collaborated, expanding cooperation in technology, associating entrepreneurship with knowledge sharing, building technology, etc.
During the interactive session, the participating startup companies interacted with angel investors to explore ways to convert the programme into a long-term business partnership. The programme was focused on formulating a sustainable business model for marketing the project and identifying the roles of the incubator, marketing, cyber security, artificial intelligence, etc. These sessions were the guiding light for the Bangladeshi and Indian startup companies. The initial group of startup companies from Bangladesh included Chldal, Grit Technologies Limited, SKOOT Ltd., Zantrik, Moner Bandhu, Hello Tasks, Chaldal, Eduhive, etc.
The India-Bangladesh exchange programme is a potent tool to create jobs for them and also create new avenues for investment, innovation, and incremental growth for startups.