The Financial Express
Quest Ventures’ mentor Shameem Ahsan launches Vision 2025 for Bangladesh startup ecosystem witnessed by Quest Ventures’ James Tan and others.
“Vision 2025 to create a startup and VC-friendly ecosystem has been launched at the Bangladesh regional event of the biggest startup competition in the world Startup World Cup.
It has been targeted that within 2025, Bangladesh startup ecosystem will develop seven times accomplishing 4 objectives of the vision. In the present time there is one and only USD 1.0 billion dollar company (Unicorn) and the goal is to have five companies with billion-dollar valuation or Unicorn in Bangladesh by 2025. The current Startup ecosystem of the country is valued at 1.45 billion with a potential to reach 10-billion-dollar valuation. These startups have created one hundred and fifty thousand jobs and seven hundred indirect jobs currently. The vision envisions taking direct employment to 1.0 million and indirect employment to 5.0 million by 2025.
Mr. Shameem Ahsan, Chairman, Venture Capital and Private Equity Association of Bangladesh (VCPEAB) and eGeneration and General Partner, Pegasus Tech Ventures presented the mission at the session titled “Venture Capital for Double Digit Growth” during the inauguration ceremony of Startup World Cup, 2020 grand finale event day held at the Radisson Blu Water Garden, Dhaka, in front of private sector adviser to prime minister. Along with the vision he has placed 11 points recommendation to achieve the targets.”