The government is working to create startup funds from budget allocation to encourage youth in entrepreneurship.

Executive Chairman of Bangladesh Investment Development Authority (BIDA) Ashik Chowdhury said this at a press briefing on Monday evening.

He briefed reporters about the day's session of Bangladesh Startup Connect, an event being held at Hotel InterContinental as a flagship programme under the Bangladesh Investment Summit 2025 that opened on Monday.

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He said that Bangladesh Bank will release Tk800 crore from different banks’ startup funds. The central bank will also release another special fund of Tk500 crore to boost the startup sector.

Besides, Incepta Pharmaceuticals Ltd will arrange a fund of US$ $1.0 million for the startup sector of Bangladesh, which was announced on the first day of Bangladesh Startup Connect, said BIDA chairman.

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He said the interim government has emphasised youth employment and entrepreneurs’ development. As part of this, the government is working with Japan International Cooperation Agency (JICA) for the allocation funds under budgetary support to boost the startup economy.

The BIDA chairman said that over 70 representatives of 25 countries arrived in Bangladesh on the occasion of the investment summit.

Over 1500 startups participated in the event.

Chief Adviser’s press secretary Shafiqul Alam, and Shish Haider Chowdhury, ndc, Secretary, ICT Division and Chairman, Startup Bangladesh Limited were present at the press briefing.