Bangladesh Youth Center (BYLC) will announce the names of five winning teams of Youth Entrepreneurship Challenge (YEC) programme on Tuesday who will receive seed funding of Tk 800,000.
A programme will be held at Lakeshore Hotel in Gulshan of the city at 6:30pm on Tuesday, said a press release on Monday.
Industries Minister Nurul Majid Mahmud Humayun will be present at the event as the chief guest where deputy high commissioner of the UK to Bangladesh Kanbar Hossein-Bor, and executive director of Manusher Jonno Foundation Shaheen Anam will be present as special guests.
BYLC organized the challenge with the support from Manusher Jonno Foundation and UK aid where over 500 business ideas were submitted in the initial phase.
The five winning teams will be selected by an expert panel of industry leaders from a shortlisted pool of 16 teams.
Apart from financial and logistic support, they will also receive training for six months, co-working space for a year, and networking and mentorship opportunities.
The best performing teams will also receive a scale-up funding up to Tk 1,500,000.
The YEC, an initiative under BYLC’s entrepreneurship development wing, is part of the organization’s efforts to nurture the passion of aspiring entrepreneurs with unique revenue generating business ideas by connecting them to the right tools and networks.