Founder Institute Bangladesh launches 4th cohort in Dhaka

The Founder Institute, the world’s largest pre-seed accelerator, on Sunday launched its fourth cohort in Bangladesh through a virtual ceremony on communications platform Zoom.

The cohort was inaugurated by State Minister for ICT Zunaid Ahmed Palak, according to a press release.

“We are ready to bet on the best founders in the country and provide all the support you need to get you traction. There is no better time than now to bring your solutions to Bangladesh. Join FI and let’s build the next billion-dollar company together!” he said during the inauguration.

Founder and CEO of LightCastle Partners Bijon Islam, founder and Chief StoryTeller of BetterStories Minhaz Anwar and Sajid Amit, associate professor and director of the Center for Enterprise and Society (CES) at University of Liberal Arts Bangladesh (ULAB), co-moderated and introduced the program.

The opening remarks were delivered by the backers of this year’s program- Pathao, Shohoz, and Praava Health.

In an effort to ensure the health and safety of the program’s mentors, partners, and participants during the Covid-19 pandemic, the new cohort will be held completely online, the press release said.

Since launching in Dhaka in 2015, the program has created 16 promising technology companies in the region, including HandyMama and Styline.

Implementing organizations for Founder Institute are Better Stories, LightCastle Partners and ULAB CES.

The three senior directors of the semester in Dhaka are Sajid Rahman, co-founder and CEO of Digital Health Services, Tina Jabeen, investment advisor at Startup Bangladesh, and Anita Ghazi Rahman, founder and partner of The Legal Circle. Several top startup investors, founders and executives will serve as mentors.