This document provides an overview of entrepreneurship in Bangladesh, beginning with a definition of startups and how they differ from small businesses. It then discusses how entrepreneurship has evolved over time and some famous startups throughout history. The next sections summarize how Bangladesh is growing fast and the factors behind the startup trend there, including pioneering startups, the emergence of student entrepreneurs, and information infrastructure development. Challenges facing startups like the investment climate and infrastructure issues are also outlined. The document concludes by recommending ways to raise awareness, strengthen the investment climate through incubators and accelerators, and help startups sustain long-term growth.

1. We are Known for Our
RESILIENCE
Against Adversity

2. However, this Adversity seems
NEVER-ENDING

3. It’s the kind of
Adversity That tells us
We will NEVER
be Better

4. Even in the middle of
such negativity, We are
Achieving
SUCCESS

5. Just like our TIGERS, A group of talented individuals are
in the process of TRANSFORMING
OUR COUNTRY

6. THIS IS
Their
STORY

7. 1…2…3…
START!Entrepreneurs in Bangladesh

8. Md. Mosta Gausul
Hoque, PMP
Masters in Economics ( YU-Japan)
Postgraduate Diploma in Government Financial Management( University of Ulster-UK)
MBA ( IBA)
A Bangladesh
Studies
Presentation
Prepared For

9. Muhtasim
Sarowat Rayed
(ZR-61)
Shatabdi Biswas
(RH-12)
Arifur Reza
Chowdhury (ZR-23)
Sharmili
Nowshin Kabir
(RH-30)
Rafi Ahmed
(ZR-60)
Team Profile of Group 11
ANALYSER SUPPORTER CONTROLLER PROMOTER HARMONISER

10. 21
THE EVOLUTION OF
ENTREPRENEURSHIP WHAT IS A STARTUP?
START!
OUTLINE

11. 3
5 6
4
B A N G L ADESH :
G R OWI N G F A S T ,
G R OWI N G S T R ONG
A R EA S W H ER E S T AR TUP S
A R E D O I NG W E L L I N
T H E F A C TOR S B E H I ND
T H E S T AR TU P T R END I N
B A N G L ADESH
C H AL LEN GES
A N D O B S TACLES

12. 7
R E COM MENDATION S

13. Renaissance Craftsmen
(15th Century)
Merchants and Craftsmen who
developed commerce. Explored
new continents for trade.
The Evolution of Entrepreneurship

14. Colonial Expansion
(16th -17th Century)
Established trade routes and founded the
first ‘global’ companies. Created
plantations capitalizing on tobacco and
sugar cane.
The Evolution of Entrepreneurship

15. Industrial Revolution
(16th -17th Century)
Serial entrepreneurs who
made remarkable
achievements in technology.
First use of expanded credit
system.
The Evolution of Entrepreneurship

16. 20th Century
Used mass media marketing to
gain access to very large
markets. Advertising
expenditure increased to 4%
of national income,
The Evolution of Entrepreneurship

17. Startups (21st Century)
Uses the power of computers and the
reach of the internet to reach wide
audiences at low costs.
Competing with big business is much
easier.
The Evolution of Entrepreneurship

18. Not ALL small business ventures are startups!
What is a Startup?

19. Scaling
Startups are designed to grow fast. By design, this means that
they have something they can sell to a very large market.
Investors
Startups go for angel investors or venture
capital firms, while small business operations
may rely on loans and grants.
Exit Strategy
Venture capitalists need an exit
strategy as they need to maximize
their ROI.
New Business Model
Startups come up with brand new ways of doing
businesses, while traditional businesses take tried
and tested models and implement them.
How are Startups Different from Small Businesses?

20. Apple
Microsoft
Facebook
Google
Dropbox
Famous Startups Throughout History

21. Silicon Valley, USA
London, UK
Oslo, Norway
Melbourne, Australia Singapore
Beijing, China Bangalore, India
Major Entrepreneurship Hubs

22. Growing Fast, Growing Strong

23. GDP (2013)
Bangladesh’s GDP increased
every year since 1994. From a
real GDP figure of BDT
7,975,387million , it has
increased to BDT 11,989,232
million in 2012-2013 with
respect to base year of 2005-
2006.
Exports (Jan 2015)
Exports in Bangladesh increased to US $
27454.3 million in 2013-2014from US $
23757.6 million in 2012-2013 registering
a year on year growth rate of 20.2%.
The share of RMG exports during the
same period rose from 80.6% to 82.1%.
GDP Growth Rate (2013)
Since 2004, annual rate of GDP growth has
been over 6%.
Even though growth rate slipped to 5.7% in
fiscal year 2008-2009 due to the economic
recession, it accelerated to 5.8% the next
year.
Foreign Exchange Reserve (2013)
Foreign reserves increased to US
$ 21558 million in fiscal year
2013-2014 buoyed by
remittance inflow.
In 2013, it stood at USD $ 15
billion.
Key Macroeconomic Indicators

24. Total Population
7th Largest in the World
Urban Population
Urbanisation, chiefly in
Dhaka, driving industrial
and service sector
growth.
Median Age
60% Population below
30 years of Age
Population

25. %230
Increase in Consumption Expenditure
(1990-2010)
Overall Poverty Reduction
26% in 10 Years
Income Per Capita in 2008
$520
$1044
Income Per Capita in 2013
Poverty Reduction

27. Pioneering Startups
Lead the Way
Emergence of Student
Entrepreneurs
A Well-Organised,
Thriving Community
Information Infrastructure
Development
THE FACTORS BEHIND THE STARTUP TREND IN BANGLADESH

28. 1.6 Million
Smartphone
Users
122 Million
Mobile Phone
Users
43 Million
Internet Users
14 Million
Facebook Users
Information Infrastructure Development

29. A content syndication startup founded by Shafqat
Islam, Iraj Islam, and Asif Rahman in 2008.
It has raised $45 million in venture funding to date.
Pioneering companies Lead the way

30. Currently the biggest online advertising marketplace in Bangladesh.
Founded by Nash Islam and Muhammad Nazimuddaula in 2012
G&R is the Consulting Partner for Amazon Web Services in
Bangladesh and the AdSense and AdWords partner for Google.
Recently, it was acquired by GenEx Infosys Ltd in a multi-million
dollar deal.
Pioneering companies Lead the way

31. The first digital marketing firm in Bangladesh, Analyzen was
founded in 2008. It has won several awards and amassed a
diverse and impressive portfolio that includes the likes of
Banglalink, Unilever, Samsung and British American Tobacco,
among others.
Analyzen has a unique flat organization structure where every
team member is known as an ‘Analyzer’.
Pioneering companies Lead the way

32. 32
SD ASIA
Creates content about startups,
entrepreneurs and business in
Bangladesh. Organises networking
and tech events like Innovation
Xtreme and Digibuzz.
BASIS
Association of IT firms.
Provides guidance and
infrastructural support to
registered firms. Organises
and sponsors events like
Digital World.
EMK Center
A venue platform that works in
concert with multiple startups to
launch and sponsor events.
Founders Institute
The world’s largest entrepreneur
training and startup launch program.
Recently partnered with Fenox to
open seed-funding for tech startups.
Google
Works with GDG and GBG groups to
engage local software developers, as
well as various digital
entrepreneurs.
A Thriving, Well-Organised Community

33. Factors Influencing
emergence of
Student
Entrepreneurs
Strong
independent streak
Increasing
disposable income
from part time jobs
Ambitious,
Determined to
Make an Impact
Job market highly
saturated
Emergence of Student Entrepreneurs

35. Investors
Facilitators and
Community
Leaders
Media
Ambassadors
Incubators
and
Accelerators
35
Entrepreneurs
The Startup Ecosystem
Angel Investors and
Venture Capitalists

36. 23
34 listed
firms
Works with
leading brands
to reach
audiences in
real time
DIGITAL MARKETING

37. $4 Billion
Market Size
200 Crore BDT
Sales in Last Eid-ul-Adha
ECOMMERCE

38. GRAMEENPHONE
working closely with local
entrepreneurs to encourage
innovative solutions to
various relevant problems
ROCKET INTERNET
launched five companies
in Bangladesh:
Carmudi, Lamudi, Kaymu,
Foodpanda, Daraz
GOOGLE
Google Development
Groups (GDGs) and
Google Business
Groups (GBGs)
500 STARTUPS
Invested in
ChalDal, an online
grocery store
Global Players

40. 40%
2021
40
25%
2015
However, will
this be
achieved?
Adverse InvestmentClimate

41. 41
Weak Public and
Private Institutions
Transport Deficiency
Inappropriate Modal Mix
8.2% growth in
passenger transport
Transport intensity much
lower than other countries
Unbalanced pressure on road
transport leads to traffic jams
Roads highly susceptible
to natural disasters
Road
Transport Railways
Internal
Water
Transport

42. Natural Gas supply can
support power plants
only till 2019
34,000 MW
Expected demand for electricity in
2030
6,264-8250 MW
Current demand for electricity
61 Million
Still do not have access to
electricity.
.
Power Shortage

43. No Barriers of Entry and Exit
May have to face exit at any time point of time
Lack of focus on business
sustainability
Lack of incubators and accelerators
Nascent Startup Community
San Francisco Model May not
Work in Bangladesh

45. Recommendations
Raise
awareness
about startups
Strengthen
Investment
Climate Incubators
and accelerators
that transform
ideas into enterprises
Focus on developing
businesses and
sustaining
in the
long run

46. Engage university clubs
Develop elevator pitches
Hold meet and greet events
with corporate and
government stakeholders
Raising Awareness

47. Encourage domestic
corporate investors to
get behind startups
Ease Corporate Tax
to invite greater FDI
Banks and FIs need to
develop better
seed-funding initiatives
Strengthening InvestmentClimate

48. Don’t simply
go for the
coolest
inventions
Develop
business
model
Provide
mentorship
Launch
startup
operations
Scale
startups
Incubators and Accelerators Transforming ideas into Enterprises

49. Early Stage
Startup
Expansion
Global Company
Maturity
Sustaining in the long run Completing the transition into a global company

50. THANK YOU!