BAN partners with Bangladesh Youth Leadership Center (BYLC) to create investment opportunities
The companies will support in creating a pipeline of investment opportunities in areas of mutual interests, propagate knowledge around entrepreneurship, and angel investing to the youth
Dhaka, Bangladesh - 25th November, 2021. Bangladesh Angels Network (BAN), the pioneering angel investment network in Bangladesh, has announced that it has joined hands with the Bangladesh Youth Leadership Center, the leading youth leadership training institute in Bangladesh and its venture arm, BYLC Ventures.
Together, the two partners will support in creating a pipeline of investment opportunities in areas of mutual interests, and contribute towards creating an investment climate for institutional investors to participate in investment rounds for pre-seed to seed stage startups.
Speaking out on the partnership, Barisha Rabbe, Manager at BYLC Ventures said, “BYLC in collaboration with BAN aims to provide a solution for the entrepreneurs with a platform of global network and pool of investors. This is the best time for anyone to be part of the burgeoning startup ecosystem in Bangladesh”
Nirjhor Rahman, CEO of Bangladesh Angels Network, adds, “BYLC is one of the largest and most prestigious institutions in the youth leadership training arena in Bangladesh. This is a novel partnership between a startup financial network like ours and an established player like BYLC that is playing a pivotal role in fostering leadership skills among the youth in the country. We look forward to working with BYLC to propagate knowledge around entrepreneurship, and angel investing to the youth by leveraging its vast network, as well as potentially co-investing in companies from BYLC’s cohorts”
The two partners are looking for early-stage companies with revenue traction, a product/service in the market, a full-time team and clear fundraising plans and goals. Interested companies can send their information and proposals to hello@bdangels.co for review. Additionally, the parties recently conducted an informational webinar on BYLC and the application process for the fourth cohort of BYLC Ventures. Both parties will seek to conduct more such public workshops in the near future regarding early-stage investments.
About Bangladesh Youth Leadership Center (BYLC) & BYLC Ventures
For over a decade, BYLC has taught leadership to more than five thousand of Bangladesh’s most promising youth. With a vision to help young Bangladeshi entrepreneurs grow their ideas into investable business, BYLC Ventures has been working for the past 3 years by providing seed funding, accelerator training, office space, mentoring, and many more supports.
BYLC Ventures offers startups the chance to secure seed funding, accelerator training, virtual CFO support, office space, and mentorship. Shortlisted participants will also get the opportunity to attend their residential bootcamp in Sreemangal. Applications for its fourth cohort are due on 27th November, 2021.
Link to apply: https://forms.gle/SdVZYcr2b4Lmn7QPA
About Bangladesh Angels Network (BAN)
Launched in 2018 with support from local and international stakeholders, Bangladesh Angels Network is the nation’s first angel investment network created with a mission to nurture the innovation and entrepreneurship ecosystem in Bangladesh. We help startups and rising enterprises accelerate their growth through customized pre-investment support, connections to local and global investors as well as mentorship and market development. Investors get access to a highly curated deal-flow across sectors, invest alongside industry leaders and post-investment portfolio monitoring. Prospective angel investors and entrepreneurs can go online to sign up for the network or apply for funding via www.bdangels.co.
This press release was jointly written by the BAN and BYLC teams.