The government has planned to set up innovative hubs at three universities of the country to encourage researchers to be innovative in business models, commercially viable products and their marketing, according to an official document.
To be named as “University Innovation Hubs”, the project is still at an early stage and the sites of the hubs are yet to be selected. It aims to develop digital entrepreneurship and innovation ecosystems.
“This will be the government’s preliminary step towards embracing the upcoming 4th industrial revolution which will be digital centric,” says the document.
According to official sources, the universities that can provide spaces of 3,000 sq ft to 5,000 sq ft will be eligible for the innovation hub.
After the initial process, the eligible students will get funds from different projects.
The innovation hubs will be expanded to both public and private universities in phases.
The project is part of the government’s policy to inspire the young entrepreneurs to be more creative and innovative in new business models that will create more jobs.
As part of this process, the government formed Start-up Bangladesh in March 2020 with an allocated capital of Tk 500 crore to help new entrepreneurs innovate faster, create new jobs, develop technical skills and realise the vision of Digital Bangladesh, according to the document.