The Innovation Design and Entrepreneurship Academy (iDEA) Project of Bangladesh Computer Council (BCC) under the ICT Division Sunday distributed a Tk1.25 crore grant to 250 women entrepreneurs.

The entrepreneurs received a one-time grant of Tk50,000 each at the 92nd birth anniversary programme of Bangamata Begum Fazilatun Nesa Mujib in Dhaka.

ICT State Minister Zunaid Ahmed Palak handed over the cheques to the women entrepreneurs.

The IDEA project undertook the initiative to provide grants to startups, small and medium enterprises, and entrepreneurs, especially women entrepreneurs, to develop, encourage and accelerate their businesses.

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Palak said: "The failure rate of women entrepreneurs is lower than men. Our mothers and daughters are thrifty. I think the grant given to these entrepreneurs will not go to waste."

"This is not the end; every year on August 8, 1000 Bengali entrepreneurs get grants. The ICT Division will do its best to provide training, co-working space and seed money to women entrepreneurs to create 50 percent women entrepreneurs by 2041."