Staff Reporter, Dhaka :

In a groundbreaking move to promote innovation and entrepreneurship in Bangladesh, IPDC Finance PLC. has joined hands with Bangladesh Bank to implement a BDT 500 crore Startup Equity Investment Fund. This initiative aims to support innovative and scalable startups, with a special focus on empowering women-led enterprises, by providing access to low-cost financing and equity investments.

The fund, created by Bangladesh Bank as a revolving refinance scheme, this landmark initiative is designed to create a strong and supportive ecosystem for entrepreneurs, encouraging the growth of innovative businesses that can drive economic transformation and sustainable development.

Eligible startups must be registered Bangladeshi entities with a valid Trade License or RJSC registration and must demonstrate innovation in their products, services, processes, or technology. The program will focus on innovative, scalable products and businesses that can grow quickly and transform traditional markets.

Financing will be provided through debt Financing; startups can access loans ranging from BDT 2 crore to BDT 8 crore at an attractive 4% interest rate. The entrepreneur’s age has to be a minimum of 21 years old.

Dr. Ahsan H. Mansur, Bangladesh Bank Governor, highlights startups’ key role in Bangladesh’s future. The fund supports innovation, women-led ventures, and disruptive ideas to build an inclusive, competitive economy.

Rizwan Dawood Shams, Managing Director of IPDC Finance PLC., added, “At IPDC, we are proud to be a part of this transformative journey. By joining forces with Bangladesh Bank, we aim to provide startups not just with capital, but also with the confidence and opportunities to grow. Our mission is to help entrepreneurs turn their ideas into impactful ventures that contribute to Bangladesh’s economic progress.”

Also present at the declaration program were esteemed representatives of Bangladesh Bank, Deputy Governor Nurun Nahar; Executive Director of Bangladesh Bank, Husne Ara Shikha; Additional Director, Muhammad Mustafizur Rahman; and Ashique Hossain, Deputy Managing Director, IPDC Finance.

The collaboration between Bangladesh Bank and IPDC Finance PLC. marks a significant milestone in the country’s startup ecosystem. By providing access to finance for startup entrepreneurs, this initiative will enable aspiring entrepreneurs to secure the resources they need to innovate, scale their businesses, and contribute to the nation’s economic growth. It sets the stage for a new era of entrepreneurship, powered by ideas, ambition, and inclusion.