BYLC Ventures, an entrepreneurship development programme of Bangladesh Youth Leadership Center (BYLC), hosted its first virtual bootcamp from Thursday to Saturday.
A total of 50 teams attended the three-day programme, selected competitively from over 400 applications for cohort 2 of BYLC’s six-month long accelerator program, said a press release.
The bootcamp was arranged aiming to build the capacity of the participants through workshops on design thinking, product market fit, building a minimum viable product, and other business tools.
The second purpose of the camp was to assess the suitability of the participants to receive seed funding from BYLC.
Among the 50 teams, a jury board will select the top 25 from the bootcamp for the final selection round.
Finally, an investment committee will select the top 10 who will each receive USD 10,000 and join BYLC’s accelerator programme, the press release added.
In his opening remarks at the bootcamp, BYLC chairperson Akhter Matin Chaudhury said, “To be a successful entrepreneur you need a bit of luck. But luck is not always an accident. Hard work brings with it its own luck. If you work hard, things will come to you.”
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Speaking with the participants, Ken Wilcox, emeritus chairman, Silicon Valley Bank, said, “As a leader, you must be the person that you want others to be. Actively model the qualities you want to see in your team.”
While sharing his insights in a session on perseverance and grit, Kamal Quadir, CEO of bKash, said, “Startup founders need to have perseverance to follow through on their idea. Success in a startup is 1 percent idea and 99 percent execution.”
The bootcamp was supported by IKEA Foundation and the Embassy of the Kingdom of the Netherlands. Other partners included BetterStories Limited, LightCastle Partners, and Hatch Global.
Popular furniture brand Regal has introduced 30 new furniture with modern and eye-catching designs on the occasion of Eid-ul-Azha.
The furniture brand is offering up to 15 percent discount on all products, said a press release on Thursday.
The offer started on July 4 and will continue till the eid day.
Now, Regal Furniture has about 250 furniture with aesthetic designs, said the release.
The furniture include board and metal, various types of bed, wardrobe, dressing table, sofa, sofacum bed, divan, dining table, bookshelf and exclusive reading table.
Under the offer, home deliverer is free in any part of the country upon purchasing products over Tk 20,000.
Moreover customer will enjoy EMI facilities for six months upon buying products over Tk 10,000 in credit cards of 16 banks (applicable to purchasing through online platform and Regal Emporium). The customers will also get one year service warranty.
SMILES, the frequent flyer programme of NovoAir, has entered its eighth year.
Marking the occasion, NovoAir announced 10 percent discount on the ticket fare.
In this offer, SMILES members can purchase tickets through NOVOAIR sales counter, website and mobile app by using promo code “SMILES7ANN” till 31st July.
In addition, any valuable passenger can enjoy the offer by becoming a SMILES member from NOVOAIR sales counter or website, by filling up the form.
NOVOAIR currently operates daily 3 flights from Dhaka to Chattogram, 3 flights to Jashore, 4 flights to Saidpur and 1 flight to Sylhet in compliance with the health guidelines issued by the CAAB/ICAO/IATA and WHO.
NOVOAIR is the first airline of Bangladesh to launch a Frequent Flyer program to provide special services to valuable passengers.
Amid the ongoing coronavirus crisis, peoole can make payment through bKash for purchasing medicine and other essentials at around 7,000 pharmacies across the country.
In addition, they will get 5 percent instant cashback on bKash payment during July and August. Starting on July 1, the offer will be valid till August 31.
In a press release, bKash said currently bKash payment is available at around 7,000 pharmacies in all eight divisions across the country.
More pharmacies are being brought under this service frequently, it added.
Besides, customers can get cashback by paying with bKash app or dialing USSD code *247#.
During the whole campaign period, customers can get Tk 200 maximum. They can get cashback up to Tk 25 daily and avail the offer five times in a month. The maximum cashback amount per month will be Tk 100.
Customers can easily make payment by scanning QR code with bKash app. The merchant number can also be saved for future payment in fewer steps.
People can easily find out full list and addresses of pharmacies with bKash payment facility along with the cashback offer details on this website - https://www.bkash.com/offers_pharmacy.
Prime Bank and Bangladesh Association of Call Center and Outsourcing (BACCO) on Wednesday joined hands to facilitate financing for entrepreneurs in the field of call centere and outsourcing.
Managing Director and CEO of Prime Bank Rahel Ahmed and President of BACCO Wahidur Rahman Sharif formally launched the alliance through a virtual press meet where Minister for Planning M A Mannan MP was present as the chief guest.
The partnership titled “Prime Bank-BACCO Alliance for MSME Financing Solutions” will enable easy access to finance to BPO/Outsourcing companies as they strive for market expansion locally and globally.
It will be a big boost for the country’s BPO/Outsourcing sector as eligible BACCO members can now avail collateral free loan up to Tk 50 lakh and other tailor-made financing solutions. The entrepreneurs can make more contribution to the country’s economy.
Under the arrangement, the BPO/Outsourcing firms will get working capital (CC, OD and Demand Loan), Term Loans for Fixed Asset Purchase and Capital expenditures, International Trade solution- LC, LATR, IDBP etc., Bank Guarantee, Work Order etc. They can also avail a wide range of deposit products and free Internet Banking – ALTITUDE - for conducting broad range of e-transaction.
They will need two-year business experience and introduction letter from BACCO. The companies can apply for loan from the comfort of their office or home as Prime Bank has assigned dedicated Relationship Manager for exclusive service for valued BACCO members.
Commenting on the alliance, Managing Director and CEO, Prime Bank Rahel Ahmed, said: “Prime Bank is fully aligned with the government’s vision of making a Digital Bangladesh as the country sets sight to become a middle income country. BPO/Outsourcing sector holds huge potential as the developed countries resort to outsourcing the call center and other BPO services. We hope with the financing solution, the companies will be able to expand their services and grab more market share. Prime Bank is committed to be a part of the growth journey of this promising sector.”
President of BACCO Wahidur Rahman Sharif said: “BACCO has always been working to upturn the opportunities for member organizations and will continue to work for the development of the BPO industry by taking certain initiatives in the future. We will take all possible steps to ensure that the BACCO members are able to fully avail the financial incentives announced by the Government and also hope that other banks will also come forward to assist the organizations of this promising BPO industry.”
Senior Vice President of BACCO Md Abul Khair, BACCO Director Rashed Noman, Head of MSME Banking of Prime Bank Syed M Omar Tayub, Head of Brand and Communications Nazmul Karim Chowdhury were also present.