BYLC Ventures: Cohort 3 announced three startups as winners on Sunday.
The three winning teams are Interactive Cares, an edtech company, KhaniDani, a food delivery company and Tunibibi, a global logistics platform.
The three winning teams will receive seed funding of Taka 800,000 with the option of an additional Taka 1,500,000 as scale-up funding.
Along with it, the winning teams will gain access to a world-class business accelerator program, in-house mentoring and networking support, legal and virtual CFO support, as well as a co-working space in Bangladesh Youth Leadership Center's (BYLC) Mohakhali office with rigorous leadership training.
Two teams, Dhaka Game Studio and Ministry of Codes, were given honorary mentions and will receive mentorship and training support from BYLC Ventures.
BYLC Ventures opened applications for Cohort 3 on March 15, 2021, and received hundreds of applications from numerous sectors and industries from all over Bangladesh.
From May 4, more than 200 founders from 105 shortlisted startups took part in a six-day-long, intensive and interactive virtual boot camp.
After the boot camp session, 20 startups were selected for the thrilling final jury session.
The selected winning teams will join BYLC Ventures’ existing portfolio of 13 startups from the last two cohorts.