BYLC Ventures, the venture capital arm of Bangladesh Youth Leadership Center, has invested BDT 12.4 million in 12 startups at a showcasing event in association with the Embassy of the Kingdom of the Netherlands and IKEA Foundation. The event also saw four previous scale-up funding winners receive BDT 15 lakh each. In addition, eight winning BYLC Ventures Cohort 6 teams received seed funding of BDT eight lakh each. Speakers encouraged young entrepreneurs to focus on customer satisfaction and product development, with BYLC founder and President Ejaj Ahmad stating that ecosystems must offer supportive mindsets with both training and funding.
BYLC Invests BDT 12.4 Million in 12 Innovative Startups
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